Thank you for the videos! Quick question if you don't mind: if I want to register a sole proprietorship business and offer services to foreign companies, what should I know or do to make it possible in terms of accounting and taxing?
@user-uy6xf2kf7y4 күн бұрын
If no sales but with expense is there a penalty for late filing of t2 for corporation?
@angelmenendez61708 күн бұрын
Thanks for the time and effort you put into this, your content is to the point and very easy to understand. What is your opinion in investing inside the company in an s&p 500 etf (10% return) , never sell. Create a margin account backed by your investment(borrowing against your investment) and pay back with the company earnings? Is that possible? If so, will it be a good tax strategy? Thanks in advance
@0_wba8 күн бұрын
Thanks bro, just got my first job and they gave me this paper full of words haha
@samuweljon400111 күн бұрын
Which documents do i need to open a business bank account?
@shubhamgurjar2869811 күн бұрын
I am working on a startup and this is indeed something I was looking for. Thanks for sharing! if you. if we can have a call for guidance that would be great for us!
@judgingpirate12 күн бұрын
This content is awesome, thank you
@mattjohn681913 күн бұрын
Save on taxes??? Vote liberals out. 😂
@mrshopjulius584014 күн бұрын
MONICAPRIS01
@user-pp8ly2wn6t14 күн бұрын
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.
@PawanYadav-mz7fv15 күн бұрын
great advice
@Abraham44616 күн бұрын
Thank you for this. Would you be able to explain the differences in trust accounting?
@malcolmp488917 күн бұрын
As a newly incorporated company and I am planning to do a bookkeeping and account course should I get my gst/hst number before signing up for the accounting course or if I go ahead and sign up for the course and do gst later?
@PawanYadav-mz7fv18 күн бұрын
love your content
@younesmdarhrialaoui64318 күн бұрын
Great video indeed! Keep them coming!
@PawanYadav-mz7fv18 күн бұрын
good content
@Can-A-Da-n-D19 күн бұрын
is it same method to transfer to an opco held by a holdco and its coming from a shareholder? Does it have to be rolled over to holding company first, then to opco? Or can it go straight into opco even if opco is owned by holdco and the asset is coming from shareholders that own the holdco.
@teambronx244720 күн бұрын
New to your channel. Thank you for these videos. Im starting a small business with my kids who are 16 and 14 and I am keeping my full time job. I am just wondering if you have any videos detailing how I can use their income as write offs? thank you
@AbuseeeM20 күн бұрын
Amazing presentation
@jasonfriesen834222 күн бұрын
Excellent information. Thank you!
@gisellicorti215222 күн бұрын
Mad man nod ?! 😂
@orathaisae-ia549724 күн бұрын
Thank you for the great info and time you have given 😊
@user-ci5si8jz5h26 күн бұрын
Great tips vrry helpful information
@suzum.9713Ай бұрын
Thankyou
@leizhang1717Ай бұрын
The background serves to highlight you. This background is not ideal.
@tallisroberts3016Ай бұрын
Yes
@pntlam2515Ай бұрын
tax must be paid on or before April 30 but CRA gave a payment deadline May 15 in my NOA. Why?
@jamesharris9594Ай бұрын
Its good should help me greatly, how do you add more transaction types to list
@babysq7777Ай бұрын
Tax credits are negligible savings - 15% of the credit given. The real savings are in deductions, but those are far and between
@franklillieАй бұрын
How does a maytea or indigenous person? start a business
@JaswantSingh-hf2jbАй бұрын
hi Joe if I sell my share from 10 years old small business say for 1million before or after June 25/2024 without any Lifetime cap tax exemption left , how much tax I have to pay
@jeremyorth8627Ай бұрын
If I’m working full time making 60k a year in Ontario. Say I start a sole proprietorship side gig for weekends and down time, Do I need to register for gst/hst right away as I already make 60k a year at my job..? Or would I only need to register and charge gst/hst once my side gig reached that 30k mark..? I’m stumped an need to know if I need to be charging and registering for these taxes…
@AvalonAccountingАй бұрын
You would only need to register for HST when your business hits 30K for the preceding 4 quarters. You don't have to worry about your employment income in that calculation. Good lick with the side gig!
@oneuphousesАй бұрын
Is there any restriction on the amount I can withdraw as Dividend from my company?
@mjgumayagay2041Ай бұрын
If I buy a hybrid truck for business use under my corporation, what CCA class will the truck fall under and how much depreciation can I use?
@simngezahayoАй бұрын
Great resource, thank you!
@bellayoga4043Ай бұрын
If a corporation becomes inactive does any passive income change to active income automatically? I read this somewhere but can't remember.
@ChesAdams_Ай бұрын
What I would want from an accountant is the most dirtiest accounting possible, like we open up two firms in Paraguay and pump money there to avoid any and all taxes. Smth like that.
@nganw4476Ай бұрын
I don't understand this tax Canada Training Credit - eg. if eligible for $1000 - does it mean I can take an eligible course for free if it costs $1000?
@nganw4476Ай бұрын
how much do I have to actually end up paying if I take a $1000 eligible course using $1000 canada training credit? thx for explaining
@TheemptycartАй бұрын
I started e-commerce. Hopefully it will grow and I can have a lucrative side hustle I also want to become a travel consultant still thinking about that one
@AvalonAccountingАй бұрын
Hey that's amazing! Our 7 Day Business Starter Course could definitely provide lots of valuable information as your getting started with your business. We designed the course to help people like you save time and money by sharing what we learned as entrepreneurs working with hundreds of small business owners. Let me know if you're interested to learn more! ☺
@IRV2490Ай бұрын
Wow mind blowing information "let me start at the start" and my favorite, "a share is a share" 🤯
@joeldepaolis3832Ай бұрын
Are short term and long term capital gains treated in the same manner within a corporation with respect to investment income tax?
@justins.3085Ай бұрын
Commenting to boost algorithm! Great content, it's super helpful.
@SebastienRahmanАй бұрын
Great video thanks!
@justins.3085Ай бұрын
Commenting for algorithm; keep up the great work!
@justins.3085Ай бұрын
Posting for reach and algorithm
@musietemelsokifle5443Ай бұрын
Hello, thanks for the fantastic tutorial. I am wondering where I can get the template to download ?
@sa35915Ай бұрын
No music please!
@fizzamemon1765Ай бұрын
beautiful explanation, you are such a captivating orator.
@Sparaxis11Ай бұрын
Great info. What city are you in? Where do I find your checklists?
@AvalonAccountingАй бұрын
Hey, thanks so much! The checklist is in the video description! :)