Streamline Accounting Professional Corporation

Important dates for CEBA loan holders, and learn about a program and grant available to business owners.

https://streamlineaccounting.ca/important-dates-for-ceba-loan-holders-and-learn-about-a-program-and-grant-available-to-business-owners/

Important dates for CEBA loan holders and learn about a program and grant available to business owners – Streamline Accounting Important dates for CEBA loan holders and learn about a program and grant available to business owners 15 Dec 2023 Ada Zhang Business, Taxes No comment Important dates for CEBA loan holders: December 31, 2023 This marks the deadline for full repayment for businesses ineligible for loan forgiveness.....

5 Tips to Make Taxes More Manageable for Sole-Proprietors
https://streamlineaccounting.ca/sole-proprietors-tips-to-make-taxes-manageable/

Business Owners: Warning!! If your company owns a Canadian residential property, you need to file the Underused Housing Tax (UHT) before April 30, 2023 or penalties will be imposed!
https://www.streamlineaccounting.ca/underused-housing-tax-uht/

Subcontractor versus employee - This is probably one of the most popular questions we get asked by our clients. We will look at the pros and cons for each option and also explain the CRA’s rules around this issue.

https://www.streamlineaccounting.ca/subcontractor-versus-employee/

Happy New Year!
Believe it or not, another year has gone by and we are already in 2023. At the beginning of the year, I have summarized the following tax tips and benefits that may affect you, your business, and your family: https://www.streamlineaccounting.ca/canadian-tax-tips-2023/

Breaking news: Government financial assistance for business owners and individuals toward COVID-19

Lunch with a group of CPA entrepreneurs!!

Canada Training Credit, is this a joke? Starting from 2020, if taking eligible training through eligible training institutions, you get $250 refundable credits to a maximum of $5000 life time credits! Is this a Joke? Why do we have to spend some much time identify ELIGIBLE courses and ELIGIBLE institutions, and just get $250, even have to track the credit for a whole life to ensure you are all used up the $5000 credit!!

Income splitting rules just getting loose? CRA’s newest comment on TOSI(tax on income splitting)on May 9, 2019: 5 year test rule can be any 5 years, doesn’t have to be the time of payment or immediately prior! Income tax ruling document: 2018-0783741E5

Just received the newest version of the Act!

Before purchasing RRSP, make sure triple check your RRSP room on your latest Notice of Assessment, don’t assume, don’t do your own calculations! It’s a big pain if there is over-contribution.