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ESPG Tax Tips

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Starting  in 2014 for corporations, new Schedule 88 – Internet Business Activities – has been initiated by CRA’s Compliance Programs Branch.  The information to be submitted is intended to fill a hole in the information currently available to CRA regarding a corporation’s business activities conducted over the internet. A similar information requirement has also been…

Income By Salary Or Dividends

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If you run a business, there are two ways that you can pay yourself – through personal salary or dividends. Either way, you are going to have to pay taxes on that income. However, there are different tax rates for these different forms of income. So, you might be wondering, which form of income might…

About to be Audited or Recently Been Reassessed?

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A tax audit is NOT to be taken lightly. The Canada Revenue Agency (CRA) has well trained, specialized tax auditors. Unless you’re an expert in tax, you’re taking far too much risk trying to navigate the audit process without real help. A bad tax audit can result in a substantial balance owing, plus penalties and…

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  • ESPG Tax Tips

    Starting  in 2014 for corporations, new Schedule 88 – Internet Business Activities – has been i…