GST & PST Returns
PST Returns
Filing a PST return also refers to claiming the PST you pay on services or supplies that you need to run your business. Those purchases could be eligible for a credit, up to a certain limit. This credit is commonly called a ‘write-off’ or ‘business expense’.
GST Returns
Filing a GST/HST return also refers to claiming the GST/HST you pay on services or supplies that you need to run your business. Those purchases could be eligible for a credit, up to a certain limit. This credit is commonly called a ‘write-off’ or ‘business expense’.
All too often the tax implications of a will are overlooked. The last thing a business owner wants to do is to make the CRA the largest beneficiary of their estate. Once again, by taking a proactive approach to tax planning, our Estate Planners will review the current will, and will offer helpful suggestions that can significantly reduce the amount of tax owing in the case of a sudden demise of either the principal shareholder or other affiliated business shareholders.