Cash flow is the incoming and outgoing cash from any business and is representative of the operating activities of the company. Every entrepreneur and small business owner instinctively knows that cash flow management is very important to keeping their business successful. Many startups fail because they don’t have a healthy cash flow.
The Canada Revenue Agency’s snitch line has received a vast number of tips about suspected tax cheating and tax fraud cases this year. According to a report in CBC, the CRA received around 32,157 leads regarding suspected domestic tax cases in the 2017-2018 financial year. The CRA receives a similar number of tips every year according to sources.
Here is everything you need to know about how cryptocurrency is taxed in Canada by the Canada Revenue Agency (CRA).
Tax revenue from legal marijuana has been a point of deliberation from the time it has been legalised in British Columbia.
Canada 2019 Tax Season – Everything You Should Know. It’s the time of the year again when taxes are the most important thing on everyone’s mind. There are new rules this year that could impact people who attend post-secondary institutions, are entrepreneurs or use service animals.
Can business expenses be tax deductible if you no longer operate said business? According to an article in the Financial Post, some business expenses can be tax deductible even if the business doesn’t operate anymore.
Small business owners often face uncertainty when it comes to their tax strategy. What is the best way to deal with taxation such that the taxes don’t eat into your income and how should they plan their tax strategy.
Media investigation Into Big Accounting Firms Finds They Recruit Justice and Tax Enforcement Officials.
It’s Tax Season in Canada Again, Here’s Simple 5 Tips to Remember This Year.
Canadian small businesses are probably already feeling the tax deadline pressure. A lack of preparation during the business year could lead to last minute tension and extra tax fees.