I am an International Tax Accountant in Toronto, Ontario, Canada. Below, I discuss how I can help with:• Non-resident corporations doing business in Canada• Canadian corporations expanding outside of Canada into international markets• Non-residents selling Canadian real estate• Non-residents that have earned Canadian employment income If any of these situations apply to you, then this article is a must read.Doing Business in...more
Taxes are a powerful tool when it comes to building wealth. While most people view taxes as something that takes money out of their pocket, I view taxes as the fastest way to put money in your pocket. Over the last several weeks, I have been sharing how to create habits that enable you to use your taxes to build your wealth. Here are the habits I have shared so far:Habit #1: Avoid tax advice that is for the general populationHabit #2: View every...more
Income Tax Preparation in Mississauga can be performed in a number of ways. In Canada, personal income tax is through the Canada Revenue Agency (CRA). The CRA usually collects fees on behalf of the particular provinces (not including Quebec, which performs its own collection program). Taxed income is dependant on subtracting claimable expenses along with breaks from the total revenue earned during the twelve months.The deadline in terms of submitting a income tax statement in Canada is by April 30th every year. In the event you owe CRA tax dollars, than you'll need to submit payment before the deadline. If you fail to do this, you'll be charged penalty fees.It is possible to get the funds sent directly into your checking account. You must complete a form with the CRA or place your request online, that you would like direct deposit. This is definitely the fast way to get your money.You can pick up tax preparation form booklets from any tax office as well as other locations such as Canada Post and even your local library. You can visit the CRA website for more locations in which to pick up a hard copy. Alternatively, you can complete the income tax preparation form...more
New Requirement for Tax Preparers All tax preparers who prepare or assist in preparing federal tax returns or claim for refunds must obtain a PTIN. The Requirement applies to all paid tax return preparers, including those who are enrolled agents, certified public accountants & attorneys. PTIN (Preparer Taxpayer Identification Number) is one...more
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Simply known as the IRS, the Internal Revenue Service is the bureau of Treasury Department, responsible for collecting the taxes, and the interpretation and administration of the Internal Revenue Code. Currently, a large number of US citizens are...more
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