The Canada Revenue Agency (CRA) allows businesses to deduct certain entertainment expenses from their taxable income. However, there are specific rules and limitations on what can be deducted. Here is an overview:
Justinjay Tax, Accounting & Advisory Services Blog
Justinjay Tax, Accounting & Advisory Services is pleased to provide a variety of resources on accounting, bookkeeping taxation, and other related subjects that we hope will be helpful to both individuals and businesses.
If you have any questions, simply contact us by email or call 905-328-1549. We will be happy to meet with you for a free, no-obligation consultation.Can I save Money on My Accounting Fees?
The cleaner the job is coming in, the less expensive the job is going out. This step will reduce the time and cost associated with completing your annual financial statement and allow us time to add value to your business. Our usefulness is often in helping you with simple strategies to ensure success.
Are There Tax Benefits for Couples in Canada?
Are There Tax Benefits for Couples in Canada?
Curious about the tax advantages that come with getting married or living in a common law relationship? In Canada, there are indeed significant tax perks for couples. The following will begin to outline them.
Filing Your Personal Tax Return Benefits - Part 2
here are five more benefits of filing your personal Canadian income tax return:
Filing Your Personal Tax Return Benefits - Part 1
Filing your personal Canadian income tax return offers several benefits, including: