Canada Tax Evolution: From Haven to Progression

Canada Tax Evolution: From Haven to Progression

Canada tax landscape has undergone a significant transformation, evolving from a tax-free haven before World War I to the present-day progressive tax system. Understanding this journey is crucial for smart taxpayers navigating the complexities of the country’s tax structure. Historical Transformation of Canada Tax System: From Tax-Free Haven to Income Tax Before the First World […]

Decoding Tax Freedom Day

Decoding Tax Freedom Day

Understanding the Annual Tax Freedom Day Milestone and Its Impact on Small Businesses Tax Freedom Day, an annual milestone calculated by the Fraser Institute, marks the hypothetical day when Canadians have earned enough to cover all the taxes imposed on them by municipal, provincial, and federal governments. This insightful concept, originating in 1948 by Florida […]

Mastering the Tax Landscape:

Mastering the Tax Landscape:

Key Insights into Taxation for Business Success Your business journey involves navigating the intricate world of taxation. Understanding HST and Sales Tax is important for the success of your company or brand. Let’s unravel the complexities and shed light on why this knowledge is crucial for entrepreneurs. Sales tax: Key Points for Business Taxation  The […]

Navigating HST

Navigating HST

HST: A Quick Guide for Small Business Owners The federal government applies GST nationwide, while specific provinces apply HST, which is a combined federal and provincial tax. The federal GST has a fixed rate of 5%. The Harmonized Sales Tax rate varies depending on the province. HST (Harmonized Sales Tax) HST is applicable in certain […]

Write-off of Business Expenses: Some Nuances

Write-off of Business Expenses: Some Nuances

Rule of the game: write off as many expenses as possible within the compliance of the law. So, you have launched your own business. Please accept my sincere congratulations! From now on, you have the right to write off expenses for this business. The next level of the game begins, and now you want to […]

Списание расходов по бизнесу в Канаде – нюансы

Списание расходов по бизнесу в Канаде – нюансы

Правило игры: списать как можно больше расходов в рамках закона Итак, вы открыли свой бизнес. Примите мои искренние поздравления! С этого момента вы имеете право на списание расходов по этому бизнесу. Начинается очередной этап игры – вы захотите законным способом списать как можно больше. Списание расходов по бизнесу – Income Tax Act Закон (ITA – […]

Word of Mouth… 6 Main Ways to Reduce Taxes for Business

Word of Mouth… 6 Main Ways to Reduce Taxes for Business

Part 1 Reduce Private Taxes https://777taxes.com/word-of-mouth-three-main-ways-to-reduce-taxes/ Reduce Taxes for Business: Write Off Expenses. Owners of small businesses or citizens working under a contract have the right to reduce taxes for business and write off almost all business-related expenses from their total income – and only after that pay tax on “net” profit. It is not […]

Word of Mouth… Three main ways to reduce taxes

Word of Mouth… Three main ways to reduce taxes

Part 1 Private tax reduction Among the ways to reduce taxes, there are legal, semi-, and illegal. We will look at both the most popular and relatively little-known of all these categories. Illegal tax evasion is a criminal offense in Canada, and we do not recommend that you break the law under any circumstances.  Disclaimer: […]

“ОБС” Шесть основных способов снижения налогов. Часть 2

“ОБС” Шесть основных способов снижения налогов. Часть 2

Снижение бизнес налогов в Канаде Бизнес: списываем расходы. Снижение бизнес налогов в Канаде происходит на разных уровнях. Владельцы малых бизнесов или работающие по контракту граждане  имеют право списать со своего совокупного дохода практически все относящиеся к бизнесу расходы  – и только после этого заплатить налог на «чистую» прибыль. Нетрудно догадаться, что бизнесмены стараются списать как […]

“ОБС” Четыре основных способа снижения налогов. Часть 1

“ОБС” Четыре основных способа снижения налогов. Часть 1

Снижение налогов для физ.лиц в Канаде Снижение налогов в Канаде – тема очень важная. Среди способов существуют легальные, полу- и нелегальные. Мы рассмотрим как наиболее популярные, так и относительно малоизвестные из всех этих категорий. Предупреждаем: нелегальное уклонение от уплаты налогов – уголовное преступление в Канаде, и мы ни в коем случае не рекомендуем вам преступать […]