Frequently Asked Questions

As a GST/HST registrant, when am I required to start collecting HST on sales?

I have a family trust owning assets and I've heard of something called the 21 Year rule. What does that mean?

When is manufacturing and processing equipment eligible for accelerated depreciation?

Do U.S. businesses need an extra-provincial license for Canadian?

Why are Canadian dividends grossed-up for tax purposes?

My company is a partner in a partnership. For tax purposes, how do I record the partnership interest?

Is there a penalty for late filing a NR4 return or not withholding non-resident tax (Part XIII)?

As an owner of a corporation, can I not simply pay my child a salary/dividend to avoid paying high taxes on it myself?

What happens if I borrow money from my corporation?

I was fully reimbursed by my client for meals I purchased while providing services to my client. Are my meals expenses 100% deductible in this case?