The Government of Ontario has launched a new online program to help make managing your business and non-profit corporation easier. This program is the Ontario Business Registry and it will allow you to do over 90 transactions online.
When you start a small business in Canada, you have the option to structure your business in one of three ways. You can be a sole proprietor, enter into a partnership or run a corporation by incorporating your business.
Canada United, created by RMC is a movement to support local businesses across Canada. The Canada United Small Business Relief Fund (CUSBRF) was created to help small businesses with the cost of expenses to reopen safely, or adopt e-commerce technologies to conduct more of their business online.
Over $14 Million has been contributed by the Federal Government, RBC, and Canada United partners to support economic recovery due to COVID-19.
2020 has been an anomaly in terms of filing due dates and paying your tax bill.
Owning a business can be a lot of work. You’re a wearer of many hats.
And because you’re so busy focusing on marketing, scheduling and getting the day-to day business done, sometimes you drop the ball on other areas … for most businesses this tends to be bookkeeping and tax planning.
As a business owner, you are legally obligated to maintain records that are complete and dependable, including supporting documents. You are also required to protect these records (even if they are held by a third party) and maintain a backup.
With the global pandemic this year, many changes have been made in all areas of our lives, making it difficult to keep track of what is due when.
To help simplify your obligations from a tax perspective, here is all the pertinent information you must know.
At the end of last month, it was announced that a new program would be put in place by the Ontario government to offer relief for landlords and small business owners.
The program, Ontario-Canada Emergency Commercial Rent Assistance Program (OCECRA), will provide loans to commercial property owners in exchange for reducing rent for small business tenants by at least 75% with a freeze on evictions for three months. These loans will be forgivable.
