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Incorporate Your Business in Canada -Federal and Provincial incorporation
Thinking about incorporating your business in Canada? It’s a strategic move for many reasons, including limited liability, planning opportunities, and tax advantages. Here are the details you need to know about corporations: Advantages of Incorporating Your Business 1 Limited Liability: Incorporating your business provides a crucial layer of protection by separating your personal assets from…
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Introduction: Unraveling the Mysteries of Bookkeeping and 15 Tips for Better Small Business Bookkeeping
Welcome to the fascinating world of bookkeeping, where numbers tell stories, and financial clarity reigns supreme. In this introduction, we embark on a journey to unravel the mysteries of bookkeeping, shedding light on its significance, principles, and practical applications. 1.Understanding the Essence of Bookkeeping: At its core, bookkeeping is the systematic recording, organizing, and summarizing…
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Your tax return Checklist and Changes in 2023/2024
Your tax slips, allowable deductions and tax credits checklist For employed Canadians, the deadline for the taxes is April 30th. Any taxes owed for that year must also be paid by this deadline. Self-employed individuals have until June 15th to submit their returns, but taxes owed are still due by April 30th. Failure to meet…
