Category: Income Tax Preparation
Posted on December 12, 2021
The Corporate Accounting and Tax Services in Calgary We are a professional tax accountants, with a breadth of experience in providing accounting and tax services to companies of all sizes in a variety of industries. Our clients range from one-person start-ups to multinational corporations. We have been helping businesses manage their financial affairs for many years and utilize our educational programs to keep up with the latest developments in the field. What is Corporate Accounting and Tax Services in Calgary? We are a leading accounting firm providing services to clients in Calgary that specializes in corporate accounting and tax preparation.…
Posted on December 12, 2021
This article will provide you with insights into tax tips for entrepreneurs in Calgary. You may not be aware of some of these tips and they can potentially save you a lot of money. One way to save on taxes as an entrepreneur is the use of a TFSA savings account to help shelter additional income and investment earnings from tax. This account works similarly to an RRSP account, but without the need to contribute each year. The withdrawal rules are also simpler than those for RRSPs, meaning that the funds can be withdrawn at any time without any tax…
Posted on December 12, 2021
This guide is an information about tax services and accounting in Calgary. This guide contains information about the taxation system, tax rates, eligibility for deductions, types of expenses that can be deducted, filing taxes online and other useful details. Taxation System: Taxation system is the first thing that comes to mind when anyone starts getting closer to personal finance. The taxation system contains all the rules and regulations which are designed to put you on equal grounds with others in terms of how much money you should pay to the government. You have two options available to you - You…
Posted on December 12, 2021
For individuals, both small and large businesses, and not-for-profit organizations that operate in Canada, the Canadian tax system can be complex and confusing. There are many factors that determine the amount of taxes you owe to the government. Taxes flow from your employee income to your personal income to your investments. If you're a resident of Calgary or if you have investments in Calgary, there's a good chance you'll need personal tax services and accounting in Calgary at some point. If so, it's important to know what you should look for so that you can get the best possible service…
Posted on December 12, 2021
The Alberta Corporate Income tax return is a document that must be submitted to the Government of Alberta if your corporation is registered in Alberta. The purpose of the form is to report and calculate your corporation’s income earned in Alberta and to calculate any income tax that has been withheld from that income. The Filing Process for the Alberta Corporate Tax Return The Alberta Corporate Tax Return is a form that must be completed and filed with the Canada Revenue Agency. It is mandatory for corporations operating in Alberta to file a tax return, even if they have no…
Posted on December 12, 2021
In this website, we will take you through the steps to file your Alberta corporate income tax return. The following is a list of the topics that we will cover: - What is a corporate income tax return? - How do you file an Alberta Corporate Income Tax Return online? - What are some of the common mistakes when filing an Alberta Corporate Income Tax Return? - What are some of the benefits of filing your Alberta Corporate Income Tax Return online? -What are some common errors in filing an Alberta Corporate Income Tax Return? Why is it Important to…
Posted on December 12, 2021
The Canadian Income Tax Act (CITA) requires all Canadian corporations to complete and file a T2 Corporation Income Tax Return. The Alberta Corporate Income Tax Return requirement is governed by the Alberta Corporate Tax Act. A corporation must file a return if it is carrying on an enterprise in Alberta for a period of time in a year. The minimum threshold for filing a return is 12 months or more. A corporation can file an annual corporate income tax return on paper or electronically, with the latter being the more popular choice amongst businesses. The Alberta Corporate Income Tax Return…
Posted on December 12, 2021
The CRA (Canada Revenue Agency) has released their Federal Tax Guide for 2018, and it's time to learn about all the changes. One of the most major changes is how much tax you'll owe on income from employment. This means that if you make $100,000, your income will be taxed at a higher rate. The first thing to know is that employers are responsible for withholding Canada Pension Plan contributions, Employment Insurance premiums and federal income tax from your paycheque. These amounts are taken out of each pay period throughout the year. If you have not paid enough into these…
Posted on December 12, 2021
Canadian tax returns are due to the CRA by April 30th, 2019. If you have not yet completed your 2018 tax return, you need to get started right away! Preparing your Canadian 2018 Tax Return for 2019 is a process that requires 4 steps: 1. Gathering Financial Records 2. Calculating Income and Deductions 2. Completing the T1 General form and provincial/territorial schedules (if applicable) and provide supporting documents (e.g. T4 slips, RRSP contributions). 3. Submitting the completed return to the CRA before April 30th, 2019 via NETFILE or by mailing it in if filing paper copies; and finally, filing an…
Posted on December 12, 2021
Farming is one of the most common pursuits of individuals interested in living off the land. It's also one of the most difficult, requiring long hours and lots of patience. But with some planning and hard work, it can be a rewarding experience. If you're considering starting a farm or agriculture business in Edmonton, there are many things to consider before you jump in. The first is what type of crops or animals you'll be raising, and how much space you'll need for them. If you're going to be using organic methods for your produce, this will need to be…