I can write off WHAT on my taxes?! | Canadian business taxes explained | ft. Stephanie

I can write off WHAT on my taxes?! | Canadian Business Taxes Explained | xoreni ft. Stephanie

Hi everyone, thank you for watching!

Today's video is with accountant Stephanie Williams of Serenity Accounting & Consulting. We discuss some of the different ways in which you can register your business, when you should start charging taxes and some of the things you can write off/expense on your taxes as a business owner.

Stephanie is a CPA,CA and is extremely knowledge on all things personal & corporate taxes, business & charity registrations, payroll and more.

CONNECT WITH STEPHANIE ‣ https://www.instagram.com/serenityaccounting/
EMAIL STEPHANIE ‣ contact@serenityservices.ca

LEARN ABOUT PERSONAL INCOME TAX ‣ https://youtu.be/bICDCLal0KU

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♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡

CONNECT WITH ME ON INSTAGRAM ‣ https://www.instagram.com/xoreni/

Learn more on the CRA site ‣ https://www.canada.ca/en/services/taxes.html

Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.
Please like, subscribe & comment. Let me know what you want to see next!

CHAPTERS
0:00 Intro
2:49 What are the different ways a business can register?
11:08 When should I incorporate my business?
12:30 If I am a sole proprietor now, can I incorporate later?
13:03 How do I file taxes if my business hasn’t even made a profit?
15:48 At what point should a business actually start charging taxes?
17:38 How do I get my HST number? Do I need an accountant to help me wth that?
18:15 I have a cash only business, how do I file taxes accurately?
21:00 I’m a musician, can I write off/expense the items that I purchase to make music? Do I need to be registered in order to do so?
24:24 Does an accountant verify that the documents/receipts I submit are accurate or is that all my responsibility?
26:06 As a business owner/freelancer, what can I write off on my taxes?
29:45 I have a company car, how can I account for it/how does it benefit me?

xo, Reni ♡

Видео I can write off WHAT on my taxes?! | Canadian business taxes explained | ft. Stephanie канала xoReni