Hi All, I'm embarrassed to ask this, but I need to know what I should do next. I'm a one-person consultant that incorporated >5 years back. I did it myself and under a deadline, thus quickly glossed over an AB incorporation guide and did some internet research before visiting the registry. In the incorporation papers, I had set up 100 class A + 500 class B shares, and made myself the director. Then a year later when I paid an accountant to do my first year taxes, they entered $100 shareholder equity into the books. *However,* I never did put myself down as a shareholder in the incorporati ..read more

Looking to add a Class 8 items which I paid 13% HST. Subtotal: 1951 HST: 229 Total Cost; $2200 Do I claim the $229 as a 100% ITC and only add $1951 into CCA class 8 and then do 1/2 year rule? Confused about the ITC portion - do I only claim 50%? do I lump it into the class 8? Statistics: Posted by pardnme — Jul 23rd, 2024 10:30 am ..read more

Hi all, My corp has been paying myself in stable T4 for the past 10 years. Can I stop my T4 all of a sudden since I've just got enough cash to live for another 2-3 years, the cash was from selling an investment property which I paid capital gain tax, hence I don't want to pay the extra T4 marginal tax. Would stopping the T4 to myself trigger a red flag in CRA? thanks, Statistics: Posted by thebigfish325 — Jul 23rd, 2024 9:32 am ..read more

Started a new thread as the previous one was 2 years old, and may be out of date. Can anyone recommend a store that offers a virtual mailbox with a physical address, that mail can be picked up rather than scanned? Current prices are so crazy! Previous thread showed corporate offices that offer virtual mailboxes, but it looks like it's part of the package. I am only interested in a virtual mailbox with a physical address. EDIT: Would anyone consider sharing a mailbox even? Statistics: Posted by Questionz — Jul 19th, 2024 10:34 am ..read more

My father runs a small construction business since 1998 and he advertised in mississauga news for past 20+ years, and other local newspapers, it was great, lots of people called, it was great roi. Now that they shut down Mississauga News newspaper I'm unsure where to advertise for him. Should I try facebook or kijiji ? I did run facebook add for him last year for few months but we didn't get many hits, almost nobody contacted him, while when he was advertising in Mississauga news he would sometimes get few calls a day. I spent around $100 a month on adverstising on facebook and I found it extr ..read more

Hello, Are there any virtual office providers out there anywhere in Canada that provides you with a fractional lease and or fractional utility bills? Statistics: Posted by Mrman123 — Jul 16th, 2024 3:25 pm ..read more

Hi , I am a small business owner and I have some money siting in my business account from last few years . Since this money is not earning much interest , I am thinking about investing. One option is GIC (which will have corporate income tax of 50% ) . Second option is Stocks/Bonds , but even this option will be taxed 50% on 66.7% of interest earned . It would be little better than GIC. Can someone suggest if there will be any better option that these 2 ? Statistics: Posted by stevesingh — Jul 4th, 2024 11:22 pm ..read more

Hey Everyone, I'm planning to create website with .ca domain, hosting, emails the full package. I did some research and found https://whc.ca/canadian-web-hosting has good deals on the complete package and reviews seems to be good as well. Does anyone have experience with it? Please suggest if there are any other alternatives. Statistics: Posted by JogendarN34732 — Jun 29th, 2024 9:33 pm ..read more

Looking at RBC Digital Choice Business Account vs BMO eBusiness Plan. BMO indicated unlimited transactions, but then one need to pay for deposits. Any idea on the fee structure? Don't really want to visit a branch. Most likely will be using a Square for Credit Card transactions. So which is the better one? Statistics: Posted by IslandTourGuide — Jun 22nd, 2024 9:03 pm ..read more

Hey everyone, Wondering if anyone knows a service similar to MakePlayingCards.com that prints fully customized card decks and is based in Canada? Asking for a small business. The only potential option I found was theplayingcardfactory.com, but they’re lacking some customization options that I would require. Statistics: Posted by te3iz — Jun 16th, 2024 1:18 pm ..read more