Many entrepreneurs make basic tax planning mistakes that can potentially cost them thousands of dollars per year. Some of these include not claiming relevant business expenses, not incorporating their business and not consulting with a tax and accounting professional; to ensure that they have the proper tax planning in place and that their tax compliances are met. You can read more about this topic in this article on the top three tax mistakes committed by entrepreneurs
Disclaimer:
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
When business owners restructure, incorporate, or transfer assets to a corporation, tax consequences can quickly become complex. One of the […]
Owning a rental property in Canada while living abroad comes with unique tax obligations. If you earn rental income from […]
When you’re buying or selling a business in Ontario through the transfer of shares, the Share Purchase Agreement (SPA) is […]
Navigating corporate taxes in Canada is complex but smart planning can significantly reduce what your company pays each year. With […]
0 Comments