If you’re thinking of starting your own small business, you may have heard that the first thing you need to do is register for a GST or HST number. Registering is the easy part, but what exactly is a GST/HST number and when do you actually need to get one? What is a GST/HST number?... Read MoreRead More
Sloan Group celebrated Halloween by hosting a costume contest where everyone voted for their favourite costume. Employees had a freaky fun time with creative costumes and the party ended with a festival-themed lunch. Check out all the best moments from the fun afternoon.
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You have an accountant who diligently prepares your tax returns, and if you have a business, your financial statements, a financial advisor who recommends appropriate investments, and a lawyer who prepared a Will and advise on estate planning matters. But chances are they don’t know if the ...
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So what’s left? That the question that business owners and their accountants have been asking themselves following the implementation of aggressive new tax measures including the end of income sprinkling with family members (TOSI), the end to the multiplication of the small business deduction ...
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If the world of cryptocurrency appears to you as a “Wild West” it is because it is. Fortunes are made and lost overnight. Equally buffeted or flat-footed by the cryptocurrency events are the taxing authorities. The Canada Revenue Agency promulgated their initial positions on cryptocurrency ...
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Do something you love for money, and you will never work a day in your life, or so the saying goes. For many entrepreneurs, the idea of working on something they are passionate about while maintaining full control is a tempting one. However, the grind of actually running a business can sap the ...
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Can Canadian charities issue tax receipts for donations that are not monetary? The answer depends on the status of the charity and the nature of the donation. The prerequisite for any charity to issue tax receipts of any kind is that it must be recognized by the Canada Revenue Agency as a ...
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In a recent news release (June 2019) Canada Revenue Agency commented on something they refer to as a “tax gap”. According to CRA, the gap is the amount of unpaid income tax. The recent report focuses on the 2014 tax year and their estimate that between $9.4 billion and $11.4 billion is owed to ...
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Taxes are a tricky business, making tax planning an essential tool for any business to plan ahead effectively. Regular tax planning can help business owners lower the amount of taxable income, reduce the tax liability, and gain more control of when taxes are paid. At Sloan Partners, we see ...
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If your business has not received a letter from the CRA reviewing your Corporation’s automobile expenses, one may be coming soon. Hot on the heels of this summer’s Truck and SUV project, CRA has begun its vehicle expense project. What are the consequences? The goal of the vehicle expense ...
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