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Filing Canadian Corporate Tax and HST Returns on Time

Just File Your Canadian Tax Return on Time! During the past year, I have noticed that Canadian Revenue Agency (CRA) is putting more pressure on Canadian corporations to file their corporate tax and HST returns on time.  The tactics being used by CRA include constant reminder notices being sent soon after the filing deadline has passed as well as withholding

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B.C. Business Income vs. Capital Gains – It’s All About Intention

Mew & Company Chartered Accountants in Vancouver provides businesses with tax advice: One of the most commonly disputed tax issues is whether a gain from a transaction is considered as business income or as a capital gain. The reason for this dispute is due to the tax implications of each type of gain we’re talking about. If a gain is

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Canadian Corporate Tax Planning: On Investing Retained Earnings

What should I do with my Corporate Retained Earnings? As a Vancouver tax advisor to small, privately held Canadian corporations, many of my new clients are often unaware of all the investment options and tax benefits of investing their hard-earned corporate retained earnings. The small business corporate tax rate is only 13.5% on the first $500,000 of profits. That is

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