Director & Personal Liability In a Tax Alert titled “Abuse of Source Deductions and GST/HST Amounts Held in Trust” CRA warned that businesses must hold source deductions and GST/HST amounts in trust for the government. Penalties and interest and possibly personal liability for the directors will be the result if this […]

Tax Resources

CRA “My Business Account” The Canada Revenue Agency is constantly improving its online resources for taxpayers. You can view and print Notices of Assessment, check account balances and much more. For business owners, these resources can be very helpful. You can access them through the “My Business Account” portal. If you […]

Helpful tips and tricks

How to obtain a Canadian business number External Link Icon Payroll deductions calculator (note calculations through this may not be 100% accurate) External Link Icon Direct payment for CRA with filings External Link Icon WSIB Ontario External Link Icon Self employed or contractor? External Link Icon Corporations Canada External Link Icon […]