Taxes and GST
As an entrepreneur, you're aware that many of your business activities are subject to one form of tax or another. Yet, understanding and managing business taxation doesn't have to be a source of frustration for you.
Key to managing the taxes of your business is to be informed. Whether you have an accountant that handles your taxes or you take care of them yourself, it is good practice to be aware of how taxation applies specifically to your business.
You should be able to answer the following questions:
- What do you owe and when?
- How do you keep accurate records of your payments and finances?
- How do you make and report payments?
- Do you qualify for tax credits or money back?
This section explores the many forms of tax that you may encounter in your business.
On the Federal Tax Information page, you'll find information on topics such as:
- Goods and Services Tax (GST)
- harmonized sales tax (HST)
- payroll deductions
- income tax
- excise tax
- online payments
Provincial sales tax (PST) is handled by your provincial or territorial government. The Provincial Tax Information page will lead you to solutions to many of the questions that you may have about business taxation in your province or territory.
Could you be eligible to get some money back on your taxes? The Tax Refunds and Credits page gives you the opportunity to explore potential tax benefits that you may not have known existed.
Still looking for more business tax information? The Tax Seminars and Forums page lists a vast number of opportunities (Canada-wide) to attend information sessions related to taxation.
-
Tax Refunds and Credits
http://canadabusiness.ca/eng/guide/1138/Looking for more return on your business expenditures? Browse potential tax benefits that can help reduce overhead.
