MM Chartered Accountant - Links and Tips -

Click any of these links. They provide important tips to businesses and individuals any time.

The Canada Revenue Agency:
This is a very informative and useful site for all business and individuals for their corporate tax returns, individual tax returns, GST/HST, e-filing, business numbers and registrations.

Service Canada:
The Small Business Internship Program enables small and medium-sized businesses to obtain funding to hire post-secondary students for 12-week internships in a field related to information and communication technology

Bank of Canada

Ontario Ministry of Finance

Business Development Bank of Canada:
Business financing solutions and financial planning

HST

Did you know…?
On July 1, 2010, the PST in Ontario and BC will be combined with the GST, resulting in a single Harmonized Sales Tax (HST). All businesses and services in Ontario, including services previously exempt from PST, are subject to the HST. For details on the HST, visit www.cra-arc.gc.ca/harmonization/.

Are you HST ready? Please visit the following link for detailed commentary by CRA,
http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html

Motor Vehicle-Expenses Deductibility

» Must be reasonable

» Must have receipts to support claim

» Must keep a log book to record:
    » Total kilometres driven and kilometres driven to earn business income
    » List date, destination, purpose and number of km
    » Write down odometer reading at the time you buy, sell, or trade