Interest rates for the third calendar quarter

The CRA interest rates for the 3rd quarter are unchanged from the 2nd quarter 2014.

The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates will be in effect from July 1, 2014 Read More

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By |June 13th, 2014|Tax Tips|

7 Ways to Raise Start-Up Capital to Launch a Small Business

The most challenging part of starting a business is figuring out how to find the funding required to get started. Yet, despite the challenges thousands of people jump into their own enterprise ventures every year.

Many small business owners choose to start small, paying only for what they can afford in an effort to get started. Read More

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By |June 9th, 2014|SmallBiz Builder|

Employment Insurance Benefits for Self-Employed People

Self-employed Canadians are able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits:

Maternity benefits (15 weeks maximum) available to parents of a new born or newly adopted child. It covers the periods surrounding birth. A claim can be submitted up to 8 weeks before the expected date of birth, and Read More

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By |June 9th, 2014|SmallBiz Builder, Tax Tips|

New penalties for businesses that use illegal electronic sales suppression software

The Canada Revenue Agency (CRA) is aware that electronic sales suppression (ESS) software is being marketed and sold to Canadian businesses. As part of its efforts to combat the underground economy, it has introduced new measures to address this problem.

ESS software (commonly known as zapper software) is illegal. Designed to work with point‑of‑sale systems and Read More

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By |June 6th, 2014|Tax Tips|