Tax & Business Tips
Accordion control for Pension Income Splitting Pension Income SplittingUp to 50% of certain pension income may be allocated to your spouse’s tax return
Accordion control for Registered Retirement Savings Plan (RRSPs) Registered Retirement Savings Plan (RRSPs)
- Contribute by March 1, 2021, to receive a deduction on your 2020 income tax return
- The maximum contribution for the 2020 taxation year is $27,230 (2021 = $27,830)
Accordion control for Registered Education Savings Plan (RESPs) Registered Education Savings Plan (RESPs)Receive a 20% grant on the first $2,500 of annual contributions
Accordion control for Home Buyers’ Plan Home Buyers’ PlanYou (and your spouse) can “borrow” up to $35,000 from your RRSP for the purchase of a home
Accordion control for HST New Housing Rebate HST New Housing RebateDid you know that you can recover some of the HST charged on newly constructed homes?
Accordion control for Moving Expenses Moving ExpensesDid you move closer to your work?
Accordion control for Income Tax Instalments Income Tax InstalmentsPersonal and Corporate
Accordion control for Why Incorporate? Why Incorporate?
- Common reasons why businesses incorporate
- Choosing the correct time to incorporate
- Difference between incorporated and non-incorporated entities
Accordion control for Dividends vs. Salaries Dividends vs. SalariesAdvantages of both
Accordion control for Employee vs. Self-Employed Employee vs. Self-Employed
- Facts used to determine if a person is an employee or self-employed
- Advantages of both
Accordion control for Old Age Security (OAS) Information and Application Forms Old Age Security (OAS) Information and Application FormsIf you require assistance, please contact us
Accordion control for Canada Pension Plan (CPP) Information and Application Forms Canada Pension Plan (CPP) Information and Application FormsIf you require assistance, please contact us
Accordion control for Business Name Registration Business Name RegistrationTo search for and register a business name, apply for an Employer Health Tax (EHT) account and a Workplace Safety and Insurance Board (WSIB) account with Service Ontario
Accordion control for Business Number Registration Business Number RegistrationBusiness Registration Online is a one stop, online, self-serve application that allows you to register for a Business Number, as well as for four program accounts: Corporation income tax, GST/HST, Payroll and Import/Export