Records Retention If you run your own business, you are required to retain books and records that relate to a specific taxation year for a…

When Your Children Work for Your Business If your children help you run your business, you can pay them a reasonable salary and deduct it…

Home Office Expenses The income tax rules related to home office expenses (technically called “work-space-in-the-home expenses”) are similar for self-employed individuals and non-commissioned employees as…

Deadlines for Filing Your Personal Income Tax Returns The general deadline for filing personal income tax returns and paying any taxes owing is April 30…

 If you are a person carrying on a business (individual, partnership, corporation, registered charity, trust etc.) and are required to pay or…

Sometimes it is difficult to determine if an individual is self-employed or an employee and the question is  if this distinction…