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Newly or substantially renovated housing units are HST taxable supplies.If you intend to live in the newly purchased property, you can elect to assign the rebate claim to the builder and only pay the portion that has no rebate applicable. Some exceptions apply when you purchase an assignment unit (other than the first buyer before […]

To have a  taxation number To notify the Canada Revenue Agency (CRA) of the disposition of the property How to secure a taxation number as a non-resident in Canada? If you are a former Canadian resident, your taxation number will be your SIN. If you don’t have a SIN, you need to apply for a

So you have finally considered taking the legal business aspect of making your ideas real. You probably are contemplating registering your business any time soon, but unsure of the tax matters involved in the long run. Whether as employees or as business owners, we need to contribute to the government’s funds by paying taxes. Personal

Accountants are responsible for providing financial reports, tracking business transactions, bookkeeping, and other financial management activities. The main reason why most small businesses need to get professional accounting services is to make it easier to monitor the updated cash flow, expenses, profits, and financial reports frequently. If you want to pursue being an accountant or

So are you planning to start managing your business however scared about financial accounting? Accounting and bookkeeping are some of the most challenging aspects of managing a business. Maintaining accurate recordings of financial transactions can be stressful, especially for those who have no background in accounting. We prepared this article to help entrepreneurs have a

The common misconception people think about a business plan, it’s a “startup plan”. Yes, most entrepreneurs need clear and concise preparation in terms of starting your market. However, it differs from hiring a certified accountant to do an efficient business plan as your company continues to grow and expand. Managing your business alone can be

One of the most crucial management tasks to have when running a business is accounting and bookkeeping. There are many advantages mentioned in the previous article. Most business owners do not have a comprehensive knowledge of accounting management. They often commit the same mistakes over again. A lot of errors will actually lead them to

Aside from the accounting business plan, bookkeeping is one of the most in-demand professional accounting services. It offers different advantages when it comes to financing management in business on a daily basis. Every entrepreneur must know its importance and how it can help in handling fund resources. 5 Advantages of Hiring a Bookkeeping Services 1.