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How to set up My Account in Ontario?

How to set up My Account in Ontario?

Have you been looking at how to set up My Account in Ontario? Well, if you have then it's time to put the brakes on. This is one of the biggest deals out there when it comes to taxes. This article explains CRA's My Account options and what documentation you need to be...

How to set up My Account in Ontario?

How to set up My Account in Ontario?

Have you been looking at how to set up My Account in Ontario? Well, if you have then it's time to put the brakes on. This is one of the biggest deals out there when it comes to taxes. This article explains CRA's My Account options and what documentation you need to be...

How to set up My Account in Ontario?

How to Set Up My Business Account in Ontario

Are you looking for creating a smooth interaction with Canada Revenue Agency? Then you are not alone. Because many small entrepreneurs in Mississauga don't know how to interact with the CRA regarding business inquiries. The best thing is you can connect with Canada...

How to Manage Credit Debt in Ontario?

How to Manage Credit Debt in Ontario?

Have you ever thought about how many Canadians have a line of credit? Or how to manage credit debts in Ontario? A line of credit is a loan that enables you to access funds in your home's equity account. If you have a line of credit with a bank or financial...

Business Incorporation

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What Is A Canada Worker Lockdown Benefit Program?

What Is A Canada Worker Lockdown Benefit Program?

Canada Worker Lockdown Benefit Program is a mandatory plan for all companies to provide their employees and staff for safety reasons. To apply, you must be registered as a business with Canada Revenue Agency (CRA) Yogi & Associates will provide guidelines to apply...

Is NFT Taxable In Canada?

Is NFT Taxable In Canada?

Canada Revenue Agency has issued some instructions on dealing with NFT's in terms of taxation. NFT is an innovative technology to invest in blockchain technology and the broad cryptocurrency market. They're a little confusing at first, but they can be fantastic...

Incorporating Your Business In Canada: How and Why

Incorporating Your Business In Canada: How and Why

When starting a new business in Canada, you have many choices in a business structure, such as Sole Proprietorship, Partnership, or Corporation. One such form of business entity is to establish a corporation. A corporation is a legal entity that is taxed separately...

Choosing a Corporate for Fiscal-Year End Date

Choosing a Corporate for Fiscal-Year End Date

Businesses in Canada may select different fiscal year periods. For instance, corporations can opt to have their fiscal year-end date on a date of their choosing, while sole proprietorship and partnerships can apply to the Canada Revenue Agency (CRA) to change their...

HST

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How to Acquire the GST/HST Number?

How to Acquire the GST/HST Number?

If you are self-employed or a freelancer, then you must be curious about what would be the tax requirements? Every business that makes a sale subject to GST/HST in some commercial practice must register for HST/GST number. This registration process does not apply to a...

Incorporating Your Business In Canada: How and Why

Exempt services from GST/HST in Canada:

Have you been confused about whether your business needs to charge GST/HST? Are you not aware of the list of exempt services from GST/HST in Canada? You are at the right place. Yogi & Associates can help you understand these GST/HST rules so that you can make...

How to Manage Credit Debt in Ontario?

Why is it important to return GST/HST?

You are required to return GST/HST to CRA after collecting it. So, depending on your business situation, you can replace it annually, monthly, or quarterly. But you cannot keep these funds to yourself as it is taken from someone, and it is a 'trust fund' that CRA...

GST Number: How to Register for GST Number

GST Number: How to Register for GST Number

Do you know about a GST number? Owning a business requires a GST to claim GST/HST on the items you purchase. A goods and services number help to identify your business in Canada. It also recognizes other business dealings that your company has with the CRA. For...

Payroll

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The Ultimate Payroll Set-up Checklist:

The Ultimate Payroll Set-up Checklist:

The process of an ultimate payroll set-up checklist can be a difficult task for you as an employer, like switching payroll systems or building a new one. So, do you feel the pressure to stay compliant? Well, if you are worried and won't be able to figure it out on...

Incorporating Your Business In Canada: How and Why

A Guide to High-Interest Saving Account:

Why not put your money to work for you at a greater return when you deposit it into a savings account? The solution is to open a high-interest savings account. A high-interest savings account can save you thousands of dollars.According to the Canadian Bankers...

Why Should You Remit the Payroll Deductions?

Why Should You Remit the Payroll Deductions?

Once you have hired people for your small business, the next step as an employer is to pay your employees properly. It means that you understand the requirements of the Canada Revenue Agency (CRA) and create and remit the correct payroll deductions.In this article,...

A Complete Guide to Understand the TD1 Forms

A Complete Guide to Understand the TD1 Forms

If you have just started your payroll in Canada, you might not be aware of a few things related to payroll. You will need to be familiar with a few tax documents. TD1 form is one of these key tax documents, and you must know about it. If you fill out this form, you...

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