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Tax Filing Deadlines in Canada -

Tax Filing Deadlines in Canada

Tax Due Dates By Type of Tax

by L. Kenway BComm CPB

The Bookkeeper's Notes on tax compliance and tax filing deadlines by tax type ...

everything in one place ... for work from home bookkeepers and small business owners doing their own books.

You can scroll down to find what you are looking for or click on one of the QUICK LINKS to go right to the spot.

What You'll...

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Canadian Bookkeeping and Tax Rates



Operating cost benefit** (taxable benefit-see table above) are now 26 cents per kilometer PLUS standby charge (taxable benefit). You MAY be eligible for an operating cost benefit reduction IF the vehicle was used at least 50% for business (i.e. your personal use of the company car is less than 50%).

CRA defines personal driving use to include (excerpted from their website):

driving to...

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U.S. Self Employment Income - Self Employment Tax

Sole Proprietors' self employment income (net earnings) are subject to self employment tax and must make quarterly estimated tax payments. You are NOT an employee which means you take a draw. Incorporating doesn't make sense for everyone, especially if the corporation will be under capitalized.

S-Corp distributions to shareholders (not to be confused with payroll earnings) are NOT subject to...

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Understanding Tax Audits in Canada

If you receive additional T3, T4 or T5 income slips after you have filed your personal income tax return, you need to file an amendment with CRA using form T1ADJ - T1 Adjustment Request. Here's why.

If the CRA finds unreported income during their matching program tax audits, your income tax return will be adjusted to reflect the missing T slips and a Notice of Reassessment will be mailed to...

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Tax Compliance in Canada | Small Business Due Dates


What is considered the "official" receipt date at the CRA?

Business compliance returns must be physically received by the CRA (not Canada Post) on or before the due date. Canada Post mailing date is not considered to be the receipt date. (The post marked date is only valid as a receipt date for individuals not businesses.) If the due date falls on a weekend or a public holiday, then...

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Canadian Bookkeeping Resources | Basic Tax Articles For ...

Canadian Bookkeeping Articles on ...

Tax Primer for Sole Proprietors

Tax Deduction Checklist

Home Business Taxes Part 1

A tax planning opportunity for the self-employed home based business owner so you are not caught with your pants down (so to speak) at tax time. Be aware of what is NOT tax deductible on Form T2125.

Here are the basics discussed from a Canadian bookkeeping...

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Input Tax Credits and Business Use of Your Personal Vehicle

Let's chat about how to claim input tax credits (ITCs) on the portion of your personal vehicle relating to business use. Warm up your teacup because here we go ...

I have read Stephen Thompson's excellent book "167 Tax Tips for Canadian Small Business 2009". I highly recommend it. It was easy to read and is updated every year.

In the book, he has a section on claiming ITCs on personal vehicles....

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2017 Payroll Tax Deductions | U.S. & Canada

no limit

5 Payroll Tax Mistakes To Avoid

You may want to read the US Small Business Administration article by Barbara Weltman titled 5 Payroll Tax Mistakes to Avoid . It discusses best protection strategies for:

Misclassifying workers

Not using an accountable plan for employee reimbursements

Failing to...

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Related topics : self employment tax calculator social security / federal payroll tax calculator for employers / federal tax calculator 2017 with social security / social security tax calculator / payroll federal tax deduction calculator

CRA Auto Allowances | IRS Mileage Rates

Do you have questions about ...

I am self employed and travel overnight for business. What are the CONUS rates for 2017?

Do I need receipts for my travel and entertainment expenses?

Are per diem allowances taxable to the employee?

Click the buttons above to find the answers to these questions and more ...

Canadian/CRA Auto Allowances and Living Out Allowances

Have you been wondering ...

How a...

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Related topics : irs forms business use of home / income tax return business expenses / tax return claim expenses / irs forms business expenses / tax mileage allowance self employed

Reimplementing PST in BC -

If you want to register in person, go to any ServiceBC office.


PST Rates and PST Bulletin 001 Released

September 30, 2012 (Updated October 1, 2012)

The BC Government's website has released the PST rates that will go into effect on April 1, 2013 when reimplementing PST. You will also find a general description of what it will be...

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Related topics : sales and use tax return due date / tax return due date / tax return electronic filing requirements / online sales tax registration / table of sales tax rates by state