September 21, 2017

Tax Brackets for Ontario Residents 2017

Effective Jan 1, 2016 the tax brackets (federal) were changed as follows: Canadians who earn more than $200,000/year have an increase in their marginal tax rates […]
September 21, 2017

Self Employed Individuals

(1) Reporting your Income & Expenses – Self-employed individuals report their income and expenses on their personal tax return. The net income (after expenses) will be taxable to you regardless of […]
September 21, 2017

Meals and Entertainment Expenses

Business meals and entertainment that qualify for expenses are 50% deductible. If you spend about $500 a month on qualifying business meals and entertainment, or $6,000 […]