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Should I be issuing T4A slips?

If you are a business or non-profit organisation in Canada then the answer is YES.  You are required to issues a T4A slip to ANYONE who you pay any of the following types of revenue to: pension or superannuationlump-sum paymentsself-employed...

Don’t be blasé about tax debt

When it comes to paying bills, we often tend to be blasé and put our financial responsibilities into the too hard basket.  Ignoring debt is the easy option at the time but eventually things catch up with you.  When it comes to paying tax, it is even more...

Starting a Business?

Wonderful - welcome to the excitement of owning your own business.  If you're still in the early stages of starting your business here are some things you might want to do early: Incorporate a Company There are several advantages of trading as a Corporation...

Withholding Tax Changes for Contractors

For the purpose this these changes a contractor is someone who suppliestheir labour to a third person as an “independent contractor”.  Those in the trades are commonly referred to as contractors and may not necessarily be effected by these changes (although...

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