VBAug 7, 20221 min readCorporate Filing DeadlinesThe deadline to file your corporate tax return is 6 months after your fiscal yearend date. If you fail to meet this deadline the CRA can...
VBMay 11, 20233 min readPersonal income tax What's new for 2022COVID-19 benefits and your taxes Amounts received related to COVID-19 If you received federal, provincial, or territorial government...
VBAug 8, 20221 min readMotor Vehicle RecordsClaiming Motor Vehicle Expenses The best evidence to support the use of a vehicle is an accurate logbook of business travel maintained...
VBAug 8, 20222 min readBusiness RecordsRecords are all of your accounting and other financial information documents. These documents must be kept organized. The type of...
VBAug 8, 20221 min readLong-Haul Truck DriversExpenses for food and beverages consumed by a long-haul truck driver during an eligible travel period are deductible at 80%. The CRA...
VBAug 8, 20221 min readMeals & EntertainmentThis seems to be the most confusing expense claimed by business owners. The maximum claim for food, beverages, and entertainment expenses...