Author: Jolly Limbachiya

NCS Canada provides outsourcing services to Canadian CPAs and Corporates at extremely low and affordable rates. At this time of world crisis,

NCS Canada provides outsourcing services to Canadian CPAs and Corporates at extremely low and affordable rates. At this time of world crisis,

While running a small business, we cannot refuse to accept that every single penny counts for it to grow. When entrepreneurs are surviving on razor-thin margins and brawling for market share, it can be extremely important to know where you can save your money.

NCS makes sure to re-assess your family business’s organizational structure and give you the ideas/outputs best suited for you and your business.

All the resident corporations cited in the Canadian Proficiency have to file a corporation income tax known as T2. To be frank, business owners need to file a T2 tax return along with the T1 personal tax return.

You need to file the return whether you are employed (Salary or commission income) or self-employed. Are you filing your first income tax return as a business in Canada? If yes, let me tell you if your business is a sole proprietorship or partnership or incorporation, then you have to file T1, which is better known as General Income Tax Form or Income Tax and Benefit Return.

You generally cannot register for a GST/HST account if you provide only exempt supplies.
Use the following sections to determine if you are a small supplier to find out if you have to register.