Source Accounting Professional Corporation, CPA

💰 Capital Gains vs Business Income: Know the Difference!

Did you know? In Canada, only a portion of capital gains are taxable, while business income is taxed at 100%.

This distinction can significantly impact your tax liability. Are you maximizing your tax efficiency?

Have questions? Let's talk! 📞 647-930-8130

Capital Gains vs Business Income: Tax Differences in Canada Uncover the key tax distinctions between capital gains and business income in Canada. Learn how each is taxed and what criteria courts use for classification.

😊 CRA Audit Coming? We've Got You!

Source Accounting makes navigating CRA audits simple and stress-free. Our expert team handles the complexity so you can breathe easy.

Let's get through this together!

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

💲 Audit-Ready. Compliant. Protected.

Source Accounting's CRA audit & compliance services keep your business protected. We ensure you meet all tax requirements and are prepared for any CRA review.

Let's ensure your compliance!

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

🚨 Contractors — are you REALLY an independent contractor?

If the CRA classifies your corporation as a Personal Services Business (PSB), you could face:
❌ A 44.5% corporate tax rate (instead of 12.2%)
❌ Most business expense deductions denied
❌ Penalties & interest on top

This is especially common in IT, construction, and trucking.

Not sure where you stand? Let's talk.

📞 647-930-8130

📧 [email protected]

Independent Contractor vs Personal Services Business in Canada Explore the tax differences between an Independent Contractor and a Personal Services Business in Canada. Ideal for IT, construction, and transport pros.

✨ Your Books. Your Foundation. Your Success.

Source Accounting helps you organize and optimize your financial records—the key to smart business decisions and sustainable growth.

Ready to take control of your finances?

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

✨ Let Us Handle Your Payroll!

Source Accounting's seamless payroll management takes the headache out of payday. Accurate, timely, and hassle-free—every time.

Focus on your business. We'll handle the rest.

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

✨ Your Numbers. Your Story. Our Expertise.

Source Accounting helps you understand what your financial data is really telling you—and how to use it for growth.

Let's unlock your business potential!

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

😊 Tax Filing Made Simple for Physicians!

Stop worrying about complicated tax requirements. Source Accounting handles the details of your medical practice taxes so you can dedicate time to what matters most—your patients.

Let us simplify your tax season.

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

🇨🇦 Did you know? In Canada, your TAX obligation is based on your RESIDENCY status — not your citizenship!

Here's what the Income Tax Act says:
✅ Residents → Taxed on worldwide income
✅ Non-Residents → Taxed only on Canadian-sourced income

Your residency status changes everything. Know where you stand!

📞 647-930-8130
📧 [email protected]
🌐 www.sourceaccounting.ca



https://sourceaccounting.ca/who-pays-the-tax-in-canada-and-on-what-income/

Who Pays Tax in Canada? The Role of Residency on Income Tax Learn how residency impacts who pays tax in Canada and on what types of income. Guidelines from the CRA and courts explained

✨ Stop Stressing About Accounting!

Source Accounting makes tax and accounting simple. Our CPAs deliver practical advice in language you actually understand.

Let us handle the tough stuff.

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca