How to Maintain a Healthy Cash Flow in Your Business
26.10.2021
A healthy cash flow is key when it comes to running a business. But what exactly is cash flow, why is it so important, and how can you improve on yours? What is cash flow? At its core, cash flow is the shifting of funds in and out of a business. It’s typically tracked weekly, […]
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Non-for-profit (NPO) organizations have to file tax returns or not?
04.07.2021
I was asked this question by people who represent churches or different associations to which I will refer in this article as NPOs. See below what Canada Revenue Agency is saying about the obligation of filing the tax returns for NPOs. All corporations — including non-profit organizations, tax-exempt corporations, and inactive corporations — have to […]
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Canada Emergency Business Account (CEBA)
20.12.2020
CEBA requirements and deadlines have changed: As of December 4, 2020, CEBA loans for eligible businesses will increase from $40,000 to $60,000. Applicants who have received the $40,000 CEBA loan may apply for the $20,000 expansion, which provides eligible businesses with an additional $20,000 in financing. All applicants have until March 31, 2021, to apply […]
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Filing Deadline
11.11.2019
Personal tax return for the current year (2019) has to be filed on or before April 30, next year (2020). If you or your spouse or common-law partner carried on a business as self-employed in the current year (2019), your return has to be filed on or before June 15, next year (2020). However, […]
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Non-for-profit (NPO) organisations has to file tax return or not?
10.11.2019
All corporations — including non-profit organizations, tax-exempt corporations, and inactive corporations — have to file a T2 return for every tax year, even if there is no tax payable.
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