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Running a profitable business includes keeping track of receipts and records that present the financial health of your enterprise. However, maintaining accurate books can be a challenge if you’re unfamiliar with the process.

Paying taxes to the Canada Revenue Agency (CRA) is the duty of every individual in the country. If this process is not taken care of on time, it could create an adverse situation. So, to avoid receiving a penalty from the CRA, you must stay on top of your books. Besides, if you manage your money wisely, it could lead to paying minimal taxes and receiving a sizable rebate from the taxman.

Our email newsletter is a one-stop resource for relevant news and content about The Tax Shop Inc., a tax accounting firm in Brampton, ON.

Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Andrew Button

Original Article Posted on: April 13, 2021

Link to Original Article: https://www.fool.ca/2021/04/13/tax-filing-3-quick-tips-from-the-canada-revenue-agency

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Staff

Original Article Posted on: April 7, 2021

Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-tax-tips-for-the-self-employed

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Jordan Press

Original Article Posted on: April 14, 2021

Link to Original Article: https://www.advisor.ca/news/economic/funding-for-child-care-expected-in-upcoming-budget

Submitting tax returns accurately and on time will ensure that you stay in good books with the Canada Revenue Agency. You can also benefit from receiving rebates if you take advantage of legal loopholes.

Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Puja Tayal 

Original Article Posted on: February 9, 2021 

Link to Original Article: https://www.fool.ca/2021/02/09/canada-revenue-agency-3-steps-to-make-your-cerb-crb-tax-free

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Curtis Davis

Original Article Posted on: February 5, 2021

Link to Original Article: https://www.advisor.ca/tax/tax-news/proactive-tax-planning-for-2021

Original Article Source Credits: Ontario, https://www.ontario.ca

Article Written By: NA

Original Article Posted on: September 27, 2020

Link to Original Article: https://www.ontario.ca/page/ontario-budget-basics

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Original Article Source Credits: Global News, https://globalnews.ca/

Article Written By: Emerald Bensadoun

Original Article Posted on: 27th October 2020

Link to Original Article: https://globalnews.ca/news/7424806/cra-double-payments-cerb/

Original Article Source Credits: Advisor's edge, https://www.advisor.ca

Article Written By: Rudy Mezzetta

Original Article Posted on: November 20, 2020

Link to Original Article: https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2021-released

Original Article Source Credits: Government of Canada, https://www.canada.ca 

Article Written By: NA 

Original Article Posted on: NA  

Link to Original Article: https://www.canada.ca/en/revenue-agency/campaigns/taxes-get-ready.html 

While many business owners opt to take on their own tax forms, it only makes sense to do so if you have accounting experience and a lot of time on your hands. With a tax accountant, you will save time and money on your tax filings. They will track your company’s income and expenses throughout the tax season or all year long. Hiring a professional takes the pressure off your business and staff so that you can focus on doing what you are good that. 

Original Article Source Credits: SP The Bullet, https://socialistproject.ca 

Article Written By:  Doug Allan and School Magazine

Original Article Posted on: November 23, 2020 

Link to Original Article: https://socialistproject.ca/2020/11/the-ontario-budget-hard-times-ahead

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By: NA

Original Article Posted on:   2020-11-05

Link to Original Article:  https://www.canada.ca/en/department-finance/news/2020/11/government-introduces-legislation-for-new-targeted-support-to-help-businesses-through-pandemic.html

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  November 2, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/income-and-gains-on-tfsa-overcontributions-can-remain-in-account-cra-says/

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Mike Crawley

Original Article Posted on:  Nov 05, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/toronto/ontario-budget-covid-19-1.5789226