Background on Director’s Liability for Taxes: Involving the liability of directors for unremitted GST/HST, the Tax Court of Canada recently decided a case. In general, for a variety of corporate liabilities a corporation’s directors can be held personally liable...
Determining whether or not a trip is a taxable benefit Might be you are required to visit any sunny location like Mexico or Dominican Republic. The purpose of this visit is to attend the conference trip as an advisor. The trip value is taxable subjected to your role...
Calculate & Minimize Capital Gain tax on Real Estate in Canada What exactly is a capital gain or loss? Selling a capital asset or an investment and the proceeds of the sale exceed the fitted cost base of the asset, capital gain is incurred. On the other hand, if...
Tax Obligations of Amazon Seller Taxes and death are inevitable. In Canada, a business owner must understand and fulfil his tax related obligations in number of ways. Not only filing of those tax returns is important, but timely payment is also important to avoid...
How to Manage Amazon Finances: Anyone with an internet connection and a little time can now shop on Amazon or similar e-commerce platforms like ebay, Etsy etc. This boom in online buying has boosted e-commerce entrepreneurship. However, with more business comes more...
