Tax Guide for Small Businesses

It’s coming on tax time again.  How many of you are having chills at just the thought?  Me too.  The difference, though, is that I know two things.  The first is that when it comes to the finer nuances of tax issues, I leave this to my accountant to advise upon.  The second is that many of my clients, despite my suggestions otherwise, tend to try to save money and not use accountants – at least for the first year or two and then they realize the cost-benefit relationship of having the accountant help you.  However, I realize that for that one or two years people will still try to go it alone.  If you are one of these brave soles, then I should try to help in at least a little way.

The Canada Revenue Agency has a guide for small businesses and their tax issues.  It can be found here.  It gives some advice on income tax, GST and HST issues, payroll taxes, etc.  Hopefully it is of some use to you.

CALC

Leave a Reply

You must be logged in to post a comment.