Are You a Loan Holder of the Canada Emergency Business Account? If you are a holder of the Canada Emergency Business Account, make sure that the outstanding balance excluding the amount available for forgiveness is repaid by these dates. For loan holders in good standing, the forgiveness repayment date is extended to December 31, 2023. […]
Category Archives: Business
The Canadian Tax Deadlines are almost here and you need to make sure that your tax affairs are in order for April 30. We’ve listed out the most important dates for your tax filing here so make sure you know which ones apply to your situation. Important Canadian Tax Deadlines to Watch For March 1, […]
If you generate income from platforms such as YouTube, Instagram, Twitch, Facebook, Twitter, TikTok or a blog to post and build up a base of followers as an influencer, this is considered a business activity and needs to be reported on your income tax return. Types of Influencer Income: There are a few ways to […]
Have you been trading cryptocurrency or other digital assets and are wondering how to apply this to your tax return? Your cryptocurrency dealings may be considered either a business income or capital gain and depending on your situation, you’ll be applying it to your tax return differently. When is this a concern for your taxes? […]
The Sharing Economy & Platform Industry Tax Compliance What is the sharing & platform economy? Well, if you work off of a system that connects buyers and consumers with sellers or service providers, then you are part of this industry. There are 4 main types of businesses that fall under this industry and they are: […]