Every year, the CRA mandates millions of people across the country to pay income tax. It’s not uncommon for people to either intentionally evade payment …
Author Archives: MikeWiddis
Introduction
A videography business in Canada is exciting and allows you to unleash creativity while serving clients’ visual storytelling needs. Before embarking on this entrepreneurial …
While many business write-offs are pretty self-explanatory, such as office rent and supplies, others are more confusing. We regularly have clients trying or asking to …
With the Check CRA Processing Times tool, you can quickly find out when you can expect them to complete your request or get back …
The Bank of Canada has announced oversized hike after oversized hike of its key interest rate as inflation continues its rampage.
Unfortunately, inflation is here …
Planning an Ontario summer getaway in 2022?
The Ontario Staycation Tax Credit is a personal income tax credit for Ontarioians to claim 20 percent of …
Do you want to turn your creative side hustle into a full-time business?
If you’ve ever muttered the words, “I wish I could make a …
Thanks to Bill C-30, Canadian businesses can write off 100 percent of the purchase price (up to a maximum of $55,000) for electric vehicles, hybrid-electric, …
Wondering about income splitting strategies?
The Canada Revenue Agency (CRA) prescribed rate is at a low one percent, which has opened up the opportunity for …
Annoying as it is for many individuals across the Great White North, every year the Canada Revenue Agency regularly reviews returns after sending out a …