As a business owner in Ontario, understanding the nuances of Personal Income Tax is essential for effective tax management and financial optimization. This insightful blog post delves into the intricacies of personal income tax, providing you with valuable guidance tailored to your unique business circumstances. Discover strategies to efficiently manage your taxes and unlock potential financial benefits, ensuring compliance and maximizing your tax advantages. Equip yourself with the knowledge to navigate the complexities of tax management with confidence and precision.

With an in-depth knowledge of all laws and regulations pertaining to accounting and tax, an accountant can assist business owners and individuals with all their accounting and tax-related needs. By working with a professional you can trust, you have the time, energy and resources you need to focus on expanding your business.

When it comes to taxation, there is not much that people can do to avoid it, and everyone has to pay their taxes at the end of the financial year. As a company, we work with clients to assist them in solving their tax requirements and providing them insights on the process so they get any benefits available to them. We would also advise them on how they should run their business from a tax point of view because there were many benefits to running a business that they could take advantage of.

As a GST/HST registrant, you must complete a GST/HST return for every filing period, even if you have no business transactions to report or GST/HST to pay. Depending on your business’s total annual sales, you may have monthly, quarterly, or annual filing periods. It’s important to know your filing period – it determines your filing and payment deadlines.

Advize Inc. wishes you and your family a wonderful Holiday Season and a happy, healthy, and peaceful New Year 2022!

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Original Article Posted on:  June 08, 2021

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Original Article Posted on:  May 6, 2021

Link to Original Article:  https://www.investopedia.com/articles/pf/07/canadian_tax.asp

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Original Article Posted on:  2021/04/18

Link to Original Article:  https://www.taxpayer.com/newsroom/let-the-stimulus-come-from-taxpayers,-not-governments

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Article Written By:  Jessy Bains

Original Article Posted on:  April 16, 2021

Link to Original Article:  https://ca.finance.yahoo.com/news/cra-warns-covid-19-benefits-could-be-delayed-2-months-if-tax-filing-deadline-missed-182812751.html

Organizing all your tax information for the coming tax season beforehand can surprisingly save you ample time. When you collect all the necessary forms, receipts, documents, etc., to prepare your tax returns, you make the whole process as convenient and hassle-free as possible. At Advize Inc., we know how challenging tax time can be, and we want to assist you in this process to ensure you handle your taxes quickly and easily with a bit of preparation.

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Article Written By: MoneyWise

Original Article Posted on: Mar 15, 2021

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COVID-19 has created insurmountable challenges for small businesses, and many are struggling to generate consistent cash flow to survive. However, financial statements still need to be maintained, as it’s imperative that taxes get filed on time.

Welcome to tax season 2021…

We are still here, staying safe, staying healthy and getting ready for another busy tax season.

2020 has come and gone. We have experienced a global pandemic that has left a devastating impact on individuals and small businesses and created the longest tax season in history.

We are delighted to announce the launch of our new website!

New Website Coming Soon!