BUSINESS TAXES

Write-off Almost Everything, Legally!

For over 10 years BG Accounting and Business Solutions has helped file business returns for many of it’s clients and helped them saves tons in taxes. Whether you are running your business as a sole proprietor, partnership, Corporation or not-for-profit, we got you covered.

Give you customized tax plan to help you save

Answer your questions promptly throughout the year

Prepare and file your return accurately and on time

What can we do for you

Download Our Expense Spreadsheet for your business to make sure you never forget to claim anything ever again!

BUSINESS EXPENSE FORM (EXCEL)

FAQ's

How are small businesses taxed in Canada?

– Provinces and territories in Canada are subject to two different rates of taxable income – the lower rate and the higher rate. This is in addition to the federal tax rate of 9% for small businesses or 15% for general corporation tax.

Which income is subject to business tax?

– For 2022, the combined federal and provincial corporate tax rate on general active business income ranges between 23% and 31%, depending on the province or territory.

What are the 4 basic types of business taxes?

Income Taxes, Sales Tax, Property Taxes, and Social Security Contributions.

Is business tax the same as income tax?

Personal income tax is a type of income tax that is levied on an individual’s wages, salaries, and other types of income. Business income taxes apply to corporations, partnerships, small businesses, and people who are self-employed.

Is a business tax refund income?

Yes ,businss tax income is refundable,to have more insight on this, get in touch with us.

How to claim business tax credits, including provincial or territorial tax credits?

Every province and territory allows a corporation to claim a foreign tax credit for taxes it paid to another country on foreign non-business income. This credit reduces the provincial tax otherwise payable