Tax Archives

How Ontario Corporate Tax Is Calculated

December 16, 2022 by Tom Gruber

Calculating taxes can be complex, and there are different rules for different types of businesses. In this article, we’ll focus on how corporate taxes are calculated in Ontario. What is the Corporate Tax Rate in Ontario? The corporate tax rate in Ontario is 11.5% on the first $500,000 of taxable income. This means that a … Read more

Steps to Prepare Your Small Business for Audits

September 9, 2021 by Tom Gruber

You’re anxiously closing the company books, ensuring that the debits and credits have been balanced, and searching for the missing invoices. You have this nervous look on your face as you check the business bank account and the clock. For this audit season, there is no need at all to be in such a frenzied … Read more