Made in Canada
Learn about Made in Canada labels, how to buy Canadian, and why supporting Canadian products and businesses matters.
Buying a business
When you buy a business, you generally pay a set amount for the entire business. In some cases, the sale agreement sets out a price for each asset, a value for the inventory of the business, and, if …
Inventory and cost of goods sold
Inventory is used to calculate the cost of goods sold and net income on Form T2125, Statement of Business or Professional Activities. If you have a professional practice and you are an accountant, …
Selling a business
When selling your business or even part of your business, there are things that you need to know. The following information will help you when selling your business: If the business you are selling has …
Business-use-of-home expenses
The amount you can deduct for business-use-of-home expenses cannot be more than your net income from the business before you deduct these expenses. In other words, you cannot use these …
File information returns electronically (tax slips and summaries)
Web Forms is a free and secured application that allows you create your information return in XML format in order to file electronically to CRA. On the "Summary – Step 7 of 7" page, check the …
Payments the CRA sends you
The information is described in personal information bank CRA PPU 047 - Business Returns and Payment Processing in the Canada Revenue Agency chapter of Information about Programs and …