Blogs

12 posts

2 Ways to File Annual Returns for Ontario Corporations

Ontario government has recently made an important change to the annual return process for its provincially incorporated business. Starting from October 2021, the Ontario corporation can no longer file its provincial annual return along with the T2 process. Instead, it’s now a separate process that the business owner has to […]

How to calculate and pay payroll taxes to CRA

This page brings you a tutorial video to demonstrate how small business owners calculate payroll taxes (CPP, EI, income tax) and how to pay them to CRA. What you need to know is: Please use this federal government calculator at least once a year. Because the annual personal income tax […]

QuickBooks Webinar to Realtors via Zoom

应大鹏地产杨经理要求,本次讲座以英语进行。 Simply put, let’s talk about how self-employed realtors can efficiently AND EASILY log their commission income marketing expenses travel expenses office expenses membership fees home office expenses commissions paid to assistant(s) commission rebate HST collected HST paid There are many tools out there to do the aforementioned jobs, from […]

CECRA Qualification & Application

Who is eligible to apply for the CECRA? To qualify for CECRA for small businesses, the commercial property owner must: own commercial real property* which is occupied by one or more impacted small business tenants enter (or have already entered) into a legally binding rent reduction agreement for the period […]

COVID-19 Subsidy Plan

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. The most relatable programs to everyone are: Canada Emergency Response Benefit (CERB) Canada Emergency Wage Subsidy (75% of weekly payroll) Temporary Wage Subsidy for Employers (10% of […]

Canada Emergency Response Benefit (CERB)

How do I know whether to apply for EI benefits or the Canada Emergency Response Benefit? If you have stopped working because of COVID-19, you should apply for the Canada Emergency Response Benefit, whether or not you are eligible for Employment Insurance. The Benefit is available for the period from […]

How To Get The CERB

As part of the Government of Canada’s COVID-19 Economic Response Plan, the government is establishing Canada Emergency Response Benefit (CERB) that will give eligible Canadians a taxable benefit of $2,000 per month for up to four months. The CERB would be paid every four weeks and be available from March 15, […]

Covid-19 & Our Business Model Design

Although how precious the opportunities are to meet our lovely clients in person, we designed to complete all the communications with clients online and remotely since day one of the establishments of our firm back in 2015. Welcome to book our on-phone or Zoom consulting services. All tax returns for […]

Special EI For Women In Childbearing Age

If you are in any form of self-employment (mortgage broker, insurance broker, real estate agent, etc.) and you are in the age of childbearing, as long as are willing to see: In the first year, you handed over to the government $850 In the second year, the government gives you […]

Exchange of Tax Information Between China & Canada

The exchange of tax-related information between Chinese and Canadian financial institutions, namely Article 14 of the CRS, has become the hottest topic recently. What to exchange? Let’s try some straightforward words to describe it. China and Canada have offered the financial information of their own non-tax residents to the other […]