Are you planning to purchase a new vehicle for your business soon? One of the decisions you’ll need to make is whether to register it in your personal name or under your business’s incorporated name. While the costs for both options, such as SAAQ and insurance fees, are similar, the tax implications can vary greatly. […]
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The decision to incorporate a business depends on several factors, such as business goals, personal aspirations, tax obligations, and personal protection. Here are some factors to consider when determining the ideal time to incorporate a business: Business Growth: As your business begins to expand and generate significant profits, it may be wise to incorporate to […]
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You do not have to declare certain non-taxable amounts as income which include in particular: most lottery winnings; most gifts and inheritance goods; amounts received from Canada or an allied country (if such amounts are not taxable in that country) due to disability or death of a veteran resulting from his participation in the […]
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