In this article, you will learn about Income Tax, Capital Gains Tax, and Sales Tax. This knowledge will help you understand your business and its financial picture. If you are planning to open a business, it is important to understand the tax implications involved in your endeavors. In Canada, taxes […]
Transfer Pricing in Canada
In Canada, transfer pricing rules are governed by a variety of rules, including Section 247 of the Income Tax Act. These rules are based on the international ‘arm’s length’ standard and the OECD Guidelines. In addition, Canada has a vast treaty network of 94 double tax treaties, most of which […]
Taxation in Canada
In Canada, there are various types of taxes and regulations that apply to businesses. Business owners have to pay corporation tax on income from their business activities as well as investment income. In addition, corporations must pay tax on 50% of their capital gains. The federal corporate tax rate is […]
Taxation on Capital Gains in Canada
If you are an investor who has sold investments and made a profit, you should be aware of the taxation on capital gains in Canada. This is a type of tax, where you must report the profits you made on your investments and include them in your income. Currently, the […]
Corporate Tax Accounting in Canada
When it comes to corporate tax accounting in Canada, there are several things that you need to know. For example, if you own a non-resident company, you have to pay corporate income tax on any taxable capital gains. If you are a Canadian resident, you can deduct the cost of […]
The Difference Between Accounting and Taxation in Canada
You should be able to differentiate between Accounting and Taxation in Canada. The former is more specialized and involves a variety of rules that affect how you pay taxes. The latter, on the other hand, applies to the way you manage your finances. The difference between the two is very […]
Online Accounting Programs in Canada
An online accounting program can be a great way to get a job in the accounting field. Many modern businesses rely on the help of accountants and bookkeepers. These professionals need excellent organizational skills, a sharp eye for detail, and a solid knowledge of accounting principles. An online program can […]
What Are the Differences Between CPA and CGA Certifications?
If you are considering becoming an accountant, you may be wondering about the differences between the CPA and CGA. There are a number of advantages to each, so make sure you choose the right one. The following article will provide you with some information that will help you decide. You […]
How to Become a Certified Public Accountant in Canada
Whether you want to become a Certified Public Accountant or just want to know more about the profession, there are a lot of resources available to you. You can learn about the Common Final Examination for Certified Public Accountant Canada, Preparatory courses, and Exams. Taking these courses will help you […]
Accounting Methods
There are two different methods for accounting for a business’s profit and loss. One is called the cash method, while the other is known as the accrual method. Both rely on the matching principle. You can use either one, or both, during a tax year. If you are not sure […]