E-commerce has revolutionised the way businesses operate, offering convenience and accessibility to consumers worldwide. However, with great opportunities come great responsibilities, especially when it comes to taxes. Navigating the intricate landscape of Canadian tax laws is essential for e-commerce businesses to ensure compliance and optimise financial performance. In this guide, we will explore some crucial insights and…
Canadian Corporate Tax Accountants
In Canadian taxation, we advise corporations on their tax affairs based on their figures.
Year-round Tax & Accounting Advice & Support
Accounting Plus are ideally-placed to aid local business growth throughout a variety of industries in the Greater Toronto Area, with year-round tax and accounting advice and support. Our corporate tax accountants will work with you to help you determine how much you should be paying in taxes. Avail our corporate tax services in Markham and rest assured you’re only paying the amount you owe.
Our Corporate Tax Services
- Corporate Tax Return (T2) Preparation and Filing
- Professional Corporation Tax Returns
- Tax Return Adjustments, Appeals, Reviews and Relief
- Trust Returns (T3)
- Annual Notice to Reader Financial Statements
- Year-end Adjustments
- Corporation Tax Instalment Remittance
- T5 and T5018 Preparation and Filing
- Salary vs Dividend Analysis and Recommendation
- SR&ED Application
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Taxes can be tricky, no matter where you are in the world. But when it comes to filing for taxes in Canada, taxpayers often make common mistakes without realizing them. That’s why having a team of bookkeeping experts and Canadian tax and accounting services on your side can make all the difference! From missing important deductions to…
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Read this complete guide to avoid being a victim of fraudulent tax preparation services.
Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.
Not-for-profit employers are eligible to receive funding for up to 100% of the provincial or territorial minimum hourly wage. Public and private sector employers are eligible to receive funding for up to 75% of the provincial or territorial minimum hourly wage.
Canada Emergency Business Account (CEBA): Guaranteed 60K loans with $20K forgiveness*: Dec 4, 2020 Update
Canada Emergency Business Account will provide interest-free loans of up to $60,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
Businesses that were required to shut down or significantly restrict services due to provincial public health measures (in areas with modified Stage 2 restrictions or categorized as control or lockdown) can apply for rebates, provided in the form of grants, to help with their fixed costs.
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Successful applicants will receive a relief grant of up to $5,000. We intend to support local businesses of all kinds from across the country (from retailers to barbershops to farmers).
As of October 1, 2020, Personal Real Estate Corporations (PREC) has been permitted in Ontario. Accounting Plus can help!
New: Minimum wage rates in Ontario will increase on October 1, 2020. Under the Making Ontario Open for Business Act this increase is tied to the Ontario Consumer Price Index for 2020. The increase to the general minimum wage will be 25 cents, which will bring the new rate to $14.25 an hour. The general and specialized minimum wage…
Canada Emergency Commercial Rent Assistance (CECRA): opens at 8:00 a.m. EST on May 25, 2020. Canada Emergency Commercial Rent Assistance (CECRA) for small businesses provides relief for small businesses experiencing financial hardship due to COVID-19.
Canada Emergency Student Benefit (CESB): eligible postsecondary students receive $1,250 a month from May to August, and if you are taking care of someone else or have a disability, that amount increases to $2,000 monthly.
Applications for claim period 5 (July 5 to August 1) will open August 17, 2020.
Canada Emergency Wage Subsidy that would cover 75 per cent of salaries for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.
Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
Now is the Time to Record Your Vehicle’s Odometer Reading!