Navigating Canadian Tax Law For Small Businesses
Master Canadian tax law for small businesses in this concise course. Learn essential tax compliance, planning, and optimization strategies to navigate the tax system effectively and maximize savings.
Importance of understanding Canadian tax laws for business owners
Overview of the course's content and objectives
Explanation of the Canadian tax system and its key components
Different types of taxes applicable to businesses (e.g., income tax, sales tax)
Comparison of different business structures (sole proprietorship, partnership, corporation)
Pros and cons of each business structure
Tax implications and considerations for each business structure
Understanding how to calculate business income
Identifying deductible business expenses and their tax implications
Overview of tax obligations for businesses (e.g., filing tax returns, remitting taxes
Deadlines and penalties for non-compliance
Overview of tax planning techniques to minimize tax liabilities
Utilizing tax credits, deductions, and incentives available to businesses