If you’re a freelancer, small business owner, gig worker, or independent professional in Canada, tax season is in full swing. This guide breaks down deadlines, deductions, GST/HST rules, and CRA resources — so you can stay compliant and maximize your deductions. 📅 Key Tax Deadlines for 2024 Tax payment due: April 30, 2025 CRA: Important… Continue reading Self-Employed in Canada? Here’s Your 2024 Tax Season Guide
Tag: taxation canada
Legislation for Implementation of Pillar Two Global Minimum Tax Rules Enacted
On 20 June 2024, Canada enacted new legislation imposing a 15% global minimum tax on profits, significantly impacting Canadian multinational corporations and those operating within the country. The new Global Minimum Tax Act (GMTA) legislates an income inclusion rule (IIR) and a qualified domestic minimum top-up tax (QDMTT). Key Points: Retroactive Implementation: The GMTA applies… Continue reading Legislation for Implementation of Pillar Two Global Minimum Tax Rules Enacted
