Professional Tax Accounting Services in Toronto

Most of your purchases will be subject to Canada’s goods and services tax, or GST, unless you only make purchases from a select range of items that are exempt. Many goods and services, as well as real estate deals and even purchases of goods downloaded from the internet, all have GST tacked on to the price. The harmonized sales tax, or HST, is a combination of the GST and the provincial sales tax in some provinces. The federal government provides some Canadians and their families with the GST/HST credit since sales tax can dramatically raise daily spending. What is a

Did you see “Pro Deposit” on your bank statement, and are you confused about it? “Pro Deposit” is nothing to be stressed about, so don’t be. Even though deposits and withdrawals can be complicated, Canada Pro Deposit isn’t going to get you in trouble. If you’re seeking information about what is Canada Pro Deposit, how much can be saved, who is eligible, or a way to apply for it, and when are you going to expect to receive it? Scroll down to find answers to all your questions!  Understanding Canada’s Pro Deposit A Canada PRO Deposit is a payment that

Benefits from Employment Insurance (EI) are fantastic. When you are between jobs, are laid off, or are on parental leave to connect with your child, EI will pay you. While this safety net is extremely beneficial to your cash flow, EI may come back to bite you at tax time. Most of the time, some income tax is taken from EI funds with each payment. Many people believe that sum would “cover” their taxable income and that they will owe nothing extra. However, the amount generally deducted is a significantly lesser proportion than what you will frequently be required to