Since the majority of my customers are Ontario-based small businesses (I love a good startup!), here’s a blog entry to help you through tax season. These are a few resources I’ve found useful in running AloeRoot – hopefully you can make use of them too.
- BDC Canada’s list of potential business expenses – each item here is something you can claim, and you should be saving receipts for all these expenses.
- Ontario Tax Rate Table – predict your tax bill based on your projected taxable income.
- An article on getting the most out of your vehicle-related tax deductions – essential if you drive for both business and pleasure.
Best of luck! Remember that your final day for RRSP contributions is tomorrow.