Are you looking to file your taxes in Canada but feeling overwhelmed by the process? Whether it’s preparing returns for citizens living abroad, reporting earnings from foreign investments or employers, or navigating rules for cross-border transactions; our competent and knowledgeable professionals can provide helpful advice on how to best navigate the rigors of Canadian taxation …
Accounting is essential to running a successful business, and it helps you stay organized and manage your finances. While handling accounting on your own may be possible if you have the skillset, hiring an accountant is ultimately the best way to keep track of all financial aspects of your business. However, knowing what questions to …
There are a lot of factors to consider when deciding to go incorporate. It’s a big step, and there are both pros and cons to weigh before you make your decision. In this post, we will break down the pros and cons of incorporation so that you can make an informed decision about what is …
For business owners, managing debt can be a tricky and delicate task. On one hand, you need to maintain enough cash flow to keep your business operating smoothly. On the other hand, you don’t want to carry too much debt that it becomes a burden on your finances. Striking the right balance is essential for …
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Are you looking for ways to reduce your business taxes? Many businesses are looking for ways to lower their tax bill. There are a few key things you can do to reduce your taxes. First, make sure you are taking advantage of all the deductions and credits that you are entitled to. Also, consider structuring …
The tax season is upon us and it’s time to start thinking about our taxes. For some of us, that means hiring a professional tax preparer. For others, it may mean doing our own taxes. So, what’s the difference between tax planning and tax preparation?
For most of us, tax time is a stressful time of year. We’re scrambling to get our paperwork in order and trying to figure out how to maximize our refunds. Did you know that there are some pretty interesting things you can write off on your taxes in Canada? From business expenses to medical costs, …
Are you prepared for tax season? It’s coming up fast, and if you want to stay ahead of the game, you should start preparing now. Let’s discuss five tips that will help make the process a little easier. Follow these tips and you’ll be ready to file your taxes on time!
Students in Canada have a lot to think about when it comes to taxes. There are a number of tax breaks and deductions available, but it can be tricky to figure out what is available and how to claim it. In this post, we will discuss the most important tax considerations for students in Canada. …
No one likes the idea of an audit, but the fact is that they can happen to anyone. If you’re unlucky enough to be selected for an audit, it’s important to have the help of a professional. At Silver Peak Accounting, we offer tax audit support services that can make the process much easier for …
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