Business & Corporate TaxFAQs

Do U.S. businesses need an extra-provincial license for Canadian?

Why are Canadian dividends grossed-up for tax purposes?

My company is a partner in a partnership. For tax purposes, how do I record the partnership interest?

As an owner of a corporation, can I not simply pay my child a salary/dividend to avoid paying high taxes on it myself?

What happens if I borrow money from my corporation?

I was fully reimbursed by my client for meals I purchased while providing services to my client. Are my meals expenses 100% deductible in this case?

How far back can the CRA audit an individual or business?

If I operate my corporation in multiple provinces, is there a special way my taxable income gets allocated to the provinces?

Is there a quarterly remittance requirement for GST/HST similar to Income Tax?

I purchased a corporate bond during the year. The purchase price included accrued interest to the seller of the bond. Is there a way for me to avoid being taxed twice on accrued interest?