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If you are a bookkeeper or an accountant and want to learn how to prepare corporate taxes returns, check out my T2 corporate tax preparation Bootcamp. Link in bio. #Canadiantax #tax #taxtok #canada #taxstrategy #taxplanning #taxadvice #cpa #big4 #pwc #deloitte #kpmg #ey #mnp #tfsa #rrsp #fhsa #business #entrepreneur #smallbusiness
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👉 Join Canadian Tax Community, link is in my bio! Example: A corporation has a November year-end. You borrowed $100,000 from the corporation in two tranches: the first $40,000 on January 1, 2024, and the remaining $60,000 on November 30, 2024—both within one taxation year. The loan needs to be repaid by November 30, 2025. If you do not repay the loan by this date, you will need to amend your 2024 personal tax return to include $100,000 in income. Ready to save $1000s on taxes 👉 Join Canadian T
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If you are a bookkeeper or an accountant and you want to learn how to prepare corporate tax returns check out the 6-week T2 corporate tax preparation bootcamp I will be hosting in July. Join the info session to learn more. (Link in bio) Two ways to designate your spouse/common law partner as a successor holder: 1) A spouse can be designated as the successor holder of a TFSA directly in the TFSA contract, if the contract includes a section for naming a successor holder and the designation is reco
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