by profinancedb | Mar 14, 2023 | Taxes
Paying taxes is one of the top duties of every responsible business owner. However, the laws governing taxes are so complicated that they can be hard to understand without assistance. In the absence of the right knowledge, you can end up paying more than you have to....
by profinancedb | Jul 13, 2022 | Taxes
If you have to fill out a TD1 Form, then we are going to explain the exact process for it right here. What is a TD1 Form? TD1 form is a form that is used to calculate one’s federal and provincial personal tax credits. There are two main reasons for filing form TD1:...
by profinancedb | May 13, 2022 | Taxes
The Canada Child Benefit (CCB) is a government program that assists Canadian families with child-rearing expenses. It was launched in July 2016 to replace the Universal Child Care Benefit and is administered by the Canada Revenue Agency (CRA) (UCCB). The CCB pays...
by profinancedb | Feb 8, 2022 | Financial, Taxes
The Goods and Services Tax (GST) / Harmonized Sales Tax (HST) is a value-added tax that became effective in Canada on January 1, 1991, and which substituted the then existing 13.5% Federal Sales Tax, a hidden tax on consumer products. GST/HST is imposed under Part IX...
by profinancedb | Jan 18, 2022 | Taxes
After the time of cheer comes the dreadful tax filing season 2022. The general tax filing deadline date is April 30th each year, but this year the date falls on Saturday so the date is extended up to the next business day. For self-employed Canadians with a spouse or...
by profinancedb | Nov 23, 2021 | Taxes
The stress of the dreadful tax payment can become a living nightmare for any citizen of Canada. How to pay taxes, when to pay tax, is installment better, pandemic benefits for tax payment from CRA – at Pro Finances E&E Limited with our expertise, we help you...
