647-825-4243 Tax.Nehal@gmail.com
Infographic showing 2025 CRA car deduction limits in Canada: $38,000 capital cost allowance cap, $350/month interest deduction limit, full HST input tax credit for 90%+ business use, with four real-world car purchase examples.

Can You Claim Full HST and Car Deductions on a Passenger Vehicle in? CRA Sets Different Limits

27 July 2025 TAX4 LESS.CA
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Business Tax-Individual, GST/HST, Incorporation

Are you a business owner wondering about the intricacies of HST and car deductions for your passenger vehicle? The Canada Revenue Agency (CRA) has established specific limits that could significantly impact your tax claims. Understanding these regulations is crucial for maximizing your deductions and ensuring compliance. In this article, we delve into the nuances of claiming full HST and car expenses, providing you with the insights you need to navigate the complexities of tax deductions. Don’t miss out on potential savings—read on to discover how to optimize your claims effectively!

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CRA SPECIAL ASSESMENT PROGRAM

CRA Launches Special Assessments Program: Rental & Business Loss Claims Under Review

28 June 2025 TAX4 LESS.CA
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Corporations Business Tax, GST/HST, Incorporation, Individual

As post-tax season assessments ramp up, many Canadians are receiving unexpected review letters from the CRA — particularly those claiming rental or business losses. While it may seem tempting to handle these inquiries alone, doing so could cost you. In this article, Tax4Less.ca explains why professional representation can make the difference between accepted claims and denied deductions. Learn what CRA is targeting this year, how to respond effectively, and why getting expert help is more critical than ever.

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Illustration of Canadian business types—corporation, not-for-profit, and cooperative—with required legal suffixes like Ltd., Inc., Foundation, and Co-op

Guide to Legal Elements for Business Incorporation in Canada: Corporations, Not-for-Profits, and Cooperatives

3 November 2024 TAX4 LESS.CA
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Business Tax-Individual, Charities and Giving, Finance, GST/HST, Incorporation

Incorporating a business in Canada is a crucial step that goes beyond mere registration; it’s about defining your organization’s identity and purpose. Whether you’re establishing a business corporation, a not-for-profit, or a cooperative, understanding the mandatory legal elements is essential. These suffixes not only convey your entity's legal status but also enhance your credibility with stakeholders. This guide will help you navigate the complexities of naming your organization, ensuring compliance while aligning with your mission and branding goals. Discover the right terms to elevate your business and make a lasting impression in the marketplace!

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How-To-Keep-Canadian-Incorporation-In-Good-standing

Incorporation: How to Keep Your Corporation in Good Standing in Canada

30 October 2024 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, GST/HST, Incorporation

Incorporating a business in Canada is just the beginning; maintaining your corporation in good standing is crucial for long-term success. This comprehensive guide outlines essential steps to ensure compliance with legal requirements, from filing annual returns and updating corporate records to holding annual meetings and renewing licenses. Discover how to navigate the complexities of corporate regulations and avoid costly penalties. With proactive management and attention to detail, your corporation can thrive in the competitive Canadian market. Read on to learn how to keep your business on the right track and set the stage for future growth!

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Tax4less.ca -Book Keeping Course

Bookkeeping: Services, Courses, Jobs, and Essential Tools

26 October 2024 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, Finance, GST/HST, Individual, Payroll

Bookkeeping is the backbone of any successful business, ensuring financial records are accurate and organized. Whether you're a small business owner seeking local services, an aspiring professional looking for online courses, or someone interested in remote bookkeeping jobs, this guide has you covered. Discover the essential tools and apps that can simplify your financial management, and learn the difference between bookkeeping and accountancy. With options tailored to every need, you'll find the right mix of education and services to elevate your financial skills. Dive in to explore the world of bookkeeping and unlock your potential today!

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Five Benefits of Incorporating Your Business in Canada

25 October 2024 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, Finance, GST/HST, Individual, Payroll, Tax credits and benefits for individuals

Incorporating your business in Canada can unlock a world of financial benefits that not only enhance your current situation but also secure your family's future. From the lifetime capital gains exemption that can save you significant taxes upon selling your business to the flexibility of income splitting with family members, the advantages are compelling. Imagine having greater control over your salary and dividends, facilitating generational wealth transfer, and accessing lower tax rates through the small business deduction. Discover how these benefits can transform your business and financial landscape—read on to learn more!

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Mastering Bookkeeping with QuickBooks Accounting System

21 October 2024 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, GST/HST, Individual, Payroll

Explore an in-depth guide to QuickBooks versions, comparing features and benefits for businesses of all sizes. Learn how Tax4Less.ca provides top-tier bookkeeping services and hands-on QuickBooks training to help you streamline your financial management.

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Incorporation Search Ontario

Incorporation Search Ontario: Fast-Track Your Business Setup with Tax4Less.ca INC

19 October 2024 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, Finance, GST/HST

Incorporating your business in Ontario is a vital step towards establishing a professional entity. With services like Tax4Less.ca INC, the process becomes simple and stress-free. Enjoy benefits such as limited liability, tax advantages, and enhanced credibility. Start by performing an incorporation search using the Ontario Business Registry to ensure your desired business name is available. For just $375, Tax4Less.ca INC offers a comprehensive incorporation package that covers everything from filing paperwork to registering for CRA and GST/HST numbers. Ready to take the leap? Discover how we can help you streamline your incorporation journey today!

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HST Rebate Ontario

HST Rebate on New Housing in Ontario

24 September 2023 TAX4 LESS.CA
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GST/HST, Individual

Are you a prospective homebuyer in Ontario, Canada, wondering how the Harmonized Sales Tax (HST) impacts your new housing purchase? Understanding the intricacies of the HST rebate can save you money and simplify your buying experience. From the general rules governing HST application to exceptions like grandparented purchases, this article breaks down everything you need to know. Whether you're considering upgrades or navigating builder disclosure requirements, we've got you covered. Dive in to discover how to make informed decisions and maximize your benefits when purchasing new housing in Ontario!

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GST HST Incorporation

Understanding GST, HST & Incorporation: When to Charge, Who’s Exempt, and How to Claim Input Credits

1 September 2023 TAX4 LESS.CA
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Corporations Business Tax, GST/HST

Navigating the complexities of Goods and Services Tax (GST) and Harmonized Sales Tax (HST) in Canada is essential for every business owner. Are you unsure when to charge GST/HST or who qualifies for exemptions? This article breaks down the critical aspects of GST/HST incorporation, from understanding the applicable rates to claiming Input Tax Credits (ITCs) on your expenses. Whether you're a seasoned entrepreneur or just starting, mastering these tax intricacies can significantly enhance your financial performance. Dive in to discover how to optimize your business's tax strategy and ensure compliance with Canadian regulations!

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