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 […]
September 10, 2017

TIPS TO PREVENT A TAX AUDIT FROM HAPPENING

Here are few tips to prevent a tax audit from happening: Timeliness in filings– Always be prompt and timely in all your filings – corporate, hst/gst, income tax, […]
September 10, 2017

Small Business Tax Tips for Related Companies

Related Companies Share the Small Business Limit When two incorporated businesses are associated (related) for tax purposes, they must share the small business limit. Similarly, when […]