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Author: admin2019

What If I Can't Afford to Pay the Tax I Owe?
What If I Can't Afford to Pay the Tax I Owe?

Even if you cannot pay your full balance owing on or before the deadline, you can avoid the late-filing penalty…

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What is Capital Gain?
What is Capital Gain?

If you sell, or considered to be sold, a capital property for the amount more than what you paid for…

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How long should you keep your income tax records?
How long should you keep your income tax records?

Keep your supporting documents for six years. Even if you do not have to attach certain supporting documents to your…

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A Quick Comparison of Sole Proprietorship and Incorporation
A Quick Comparison of Sole Proprietorship and Incorporation

Sole Proprietorship   Advantages o Easy and inexpensive to register o Regulatory burden is generally light o You have direct…

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Are you wondering if you have to file personal tax return?
Are you wondering if you have to file personal tax return?

Those of you who wonder if you should file personal tax return, CRA has prepared the following: You must file…

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