HWG, Chartered Professional Accountants BLOG

Understanding Canadian Income Tax Brackets. Learn How Federal And Provincial Tax Rates Work And What They Mean For Your Annual Income In Canada.

When it comes time to sell, transfer, or restructure a business, valuation is everything. Buyers, investors, and advisors all want to know how much the business is worth and how reliable its future earnings will be. One of the most overlooked factors in this process is the presence of a clear, documented succession plan.

Using your vehicle for business? The CRA lets you claim mileage, but only if you play by their rules. To stay onside with the Canada Revenue Agency (CRA), you need to separate business and personal use. That means you can’t just ballpark your mileage or guessimate the split.