The Small Business Tax Help Blog

Posts Tagged ‘canada’

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Question: does your taxable income viewable on your credit report.?

Hi,
I run a small business (selling stuff on the internet), but when i file my taxes. I file it as my personal income. Now I am wondering on my credit report under employment would it show me as unemployed? or self employed? and do creditors have any access to see how much I filed my taxable income as? (btw: this is for canada)

Answer: Your credit report will show your employment information the same as the last credit application you filled out and no your income is not included in your credit report.

Ice fishing is big fun -- and big business here

MARBLEHEAD The white blanket of snow and ice stretches for miles in almost every direction.

Jack Layton's address to the New Democrat National Convention

Matrikon(TM) releases record results for the first quarter of fiscal 2010 and declares $0.03 quarterly dividend

Matrikon Inc. , a leading provider of solutions for industrial intelligence, today reported financial results for the first quarter of fiscal year 2010 which ended November 30, 2009.

Essential IT Security, in an “Always Connected” World

Question: I live in Ontario Canada – is the RENT I am paying a deductible expense?

Hi, assuming I have no business or something, just pay like $1000 a month rent. THANKS.
THANK YOU JOE VERY VERY MUCH!!!

Answer: You may apply for the Ontario property tax credit. It is reported on your Ontario tax return form ON479. It is not a deductible expense but rather a family income tested credit. If you have a spouse you must include her income in the calculations. You must also have signed receipts for all the rent you are claiming. Do not send the receipts but rather keep them in case CRA ask to see them.

http://www.cra-arc.gc.ca/E/pub/tg/5006-n/5006-n-08e.html#P208_24451

http://www.cra-arc.gc.ca/E/pbg/tf/5006-tc/5006-tc-08e.pdf

AutoStar reinvents used car business on former Colonial site

Newmarket

Stop The North American Union - Canada

Question: Personal expense through corporate account?

Hi, I have a small company, so I have a business bank account. I am located in the province of Quebec, Canada and my company is Incorporated. Now, I pay some of my contractors through paypal which is linked to my business bank account. At some point, I used my Paypal for personal uses since this one is ALSO link to my personal credit card. My mistake here is that not having funds in my business account would oblige Paypal to pay themselves with my credit card. Now the problem, that I had no idea this would cause my business account to overdraft and cause NSF fees. I paid back all the money to the bank as soon as I realised, but how do I explain this in my bookkeeping and tax?
Please anyone could you answer my question or direct me to a link?
I am asking the question again.

Answer: 1. Write a check to the business account for the amount of the transaction plus the amount of the NSF fees.
2. If don't have an account in your books for such goofs, create one and use it to account for this depost so that it bears no tax advantage nor tax disadvantage.
3. Acquire a new credit card for the business, set up a new PayPal account (linked to the new card) for the business, and de-link the business from your personal PayPal account.
4. Vow to never again mix business and personal funds.

Montpelier Re Holdings Ltd. to Release Fourth Quarter and Full Year 2009 Results on February 16, 2010

Montpelier Re Holdings Ltd. (NYSE:MRH) (the "Company") expects to release its fourth quarter and full year 2009 results after the market close on February 16, 2010.

Testimonial for Central Park Business Centre by Gregor Anton

Question: Jesus and Jehovah shows a distinct german flavour.es=is eIn=one means true God made them His biatches.?

America=/Arrierica
Canada=C\ariada

As true LORD GOD TODD rote His image on them like they His biatches. Cause Todd also called Larry but for stupid people like Jerry’s kids the italian brain isn’t capable of a 26 letter alphabet so i spell it larri or lari or lare so the retards can understand.

a form of LARRY TODD S.’s name is over most of you as the mark of Gods ownership. But you are now in open rebellion so wake up the loyalists and terrorists too cause if God don’t sleep neither do you.

Answer: This so-called "question" does not agree with the bible or the teachings of Jehovah's Witnesses.

Learn more:

http://watchtower.org/e/jt/index.htm

Musterdepot aufnahme - 200% Chance mit .

1. Musterdepot aufnahme - 200% Chance mit Kupferaktie Duluth wurde gestern von profitetrader.com ins Musterdepot aufgenommen.

Ich bin zwar nur ein Kind, aber...