T4A Earnings and Potential Errors Heads up, subcontractors! If you work in an industry that normally issues a T4 slip, you might be paying more taxes than necessary. Common T4 issuing industries include massage therapy, instructional institutions, sales people, among...
Why You Shouldn’t Skip Your Taxes When You Owe the CRA Owing the CRA happens when you’re in business. No brainer, right? It is, once you learn that this is how the system works. For new, inexperienced solopreneurs in particular – such as those with home-based...
A Trust Exam With the CRA: What to Expect Simply defined, a Trust Exam is when the Canada Revenue Agency sends someone out to look at how you’ve handled your Trust Money. That is, payroll and GST remittances that you’re holding in trust for those government taxes you...
Hiring a Subcontractor Disclaimer: The purpose of this blog is to provided a general sense of information. Everyone’s situations are unique; there is no one size fits all when it comes to employees, subcontractors, the work they do, labor laws and Canada Revenue...
