High tax bills are not something you want to deal with, and there are a lot of common mistakes that people make which can result in thousands of dollars that you can otherwise save. If you want to pay less tax in Canada, there are a few things you can do to reduce your tax…
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Happy holidays from the Oasis LLP family to yours! 2021 has been another interesting year for most businesses across the country. If you are looking to let loose (within the restrictions, of course!) with your employees, planning a holiday party is a great way to celebrate what you achieved and look forward to 2022. If…
Professional corporations are popular in accounting, medicine, and law, and the tax benefits are limited compared to other incorporated businesses because of the regulatory requirement of shareholding. One of the main benefits of using corporate structures is the lower corporate income tax rate, which is an attractive feature that Canadian Controlled Private Corporations (CCPC) can…
Small businesses have a lot to deal with and while saving money is important, it is equally as important to understand the mistakes that can end up costing you more in the long run. The following are some of the most common legal mistakes small businesses make, so make sure you avoid them: Choosing The…
When situations to our economic and work behaviour occur, we are often confused or unsure of what that means when it comes to our taxes. Are things going to change or stay the same? And if they do change, how will it affect me? As of right now, there have been no specific tax regulations…
2020 is coming to an end and we feel it’s best that you set aside some time for year-end tax planning. We’re here to help! Here are a few important tax planning considerations to get you started: Those who have received CERB (Canada Emergency Response Benefit) of $2,000 a month were not subject to any…
Small business owners face a lot of challenges, and tax season can be very stressful if you are not prepared. Owning a business is hard work, and proper bookkeeping is a must for growth and success. If you feel overwhelmed, the following steps will help make tax season easier: Keep Track Of All Of Your…
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