Corporate Income Tax Archives - FinTech College of Business And Technology

Payroll Tax tables are available – Effective from July 1st, 2023 to December 31, 2023

New Payroll Tax tables are available for 1st July 2023 – QuickBooks Desktop. Download the latest payroll update anytime while in QuickBooks: Select Update QuickBooks from the Help menu. Go to the Update Now tab. Select Get…

2023 Federal Budget – Corporate Taxes

Canada Revenue Agency

On March 28, 2023, the Government of Canada released its Budget: A Made-In-Canada Plan. One major focus of this year’s budget is developing Canada’s green economy by introducing a slate of…

$500 – One-time top-up to the Canada Housing Benefit

Canada Revenue Agency

What is the Housing Benefit? The government announced the one-time $500 federal boost to the existing Canada Housing Benefit program in the fall, pledging to help those eligible cover the…

10 Tips on how Uber & Lyft Drivers Can Save Tax in 2022?

Canada Revenue Agency

Deductible expenses are what helps lower your tax owing, so be sure to claim all your eligible costs. These include: 1. Mileage The Uber tax summary of total online kilometers…

Depreciation and Capital Cost Allowance – Read for Bookkeeping and Income Tax T2 Courses

Accounting

What is Depreciation? Depreciation refers to the accounting practice dealing with assets as they get older and decrease in value. The Canada Revenue Agency (CRA) lets your business claim a…

Coming Soon ON May 2nd

Canada Revenue Agency

Want to know what’s NEW at Fintech! Get NOTIFIED here.

Payroll Tax tables are available – Effective from January 1, 2022 to June 30, 2022.

Canada Revenue Agency

New Payroll Tax tables are available for 1st January 2022 – QuickBooks Desktop. To do the Update, please complete the below steps: On the Home Page or QuickBooks Menu Bar…

Paying Yourself When Incorporated – Salaries vs. Dividends – Corporate Accounting

Canada Revenue Agency

Salaries vs. Dividends – Corporate Accounting Small business owners often want to find out, if they should be taking dividends from their corporation or paying themselves a salary. There are…

Corporate Tax – Active Income vs. Passive Income

Canada Revenue Agency

Active Income Active Business Income (ABI) is income that is generated from a business source and includes any income incidental to your business. For example, if you own a Canadian…