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As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business's organization, tax purposes and operations, along with target pricing and profit margins.
You don't have to register sole-proprietorship business if you are using your legal name as business name. But if you decide to use a different name, it must be registered and Ministry will issue a Master Business License for your Operating name.
Yes. You must report your foreign property to CRA if the total adjusted cost base of all specified foreign properties exceed the $100,000 threshold. Form T1135 is filed to CRA for reporting all specified foreign properties.
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