Small business, GST and payroll Quick guide
5 business expenses you should not assume are 100% deductible
Not every business cost comes off income in full. Meals and entertainment are generally limited to 50%.
Tax guides › Small business, GST and payroll
Small business, GST and payroll guides
The first year of a business decides whether the records will hold up later. These guides cover the questions that come up first: when GST registration is required, which expenses are only partly deductible, what a vehicle log needs, and what happens when you start paying yourself a salary.
Rideshare and delivery drivers have their own GST rule, and it is covered here too. If you have incorporated, the corporations guides pick up from there.
7 guides in this topic
Small business, GST and payroll Quick guide
7 GST rules small business owners get wrong about the $30,000 threshold
The threshold is $30,000 of taxable sales, not profit. Cross it in one calendar quarter and GST applies from the sale that took you over.
Small business, GST and payroll Quick guide
7 vehicle records business owners should start keeping today
Keep a log of every business trip with the date, where you went, why, and the kilometres.
Small business, GST and payroll Practical guide
Do I need to register for GST if I earned less than $30,000?
Usually not, but check two things. First, the $30,000 means your total sales, not your profit.
Small business, GST and payroll Quick guide
Uber, Lyft and food delivery: are the GST rules the same?
No. If you drive passengers for a rideshare app, you must register for GST the moment you start earning.
Small business, GST and payroll Quick guide
What goes into a business plan for a commercial loan? 7 parts lenders look for
A plan for a lender needs seven things. A clear description of the business. The owner's background.
Small business, GST and payroll Quick guide
You paid yourself a salary from your corporation. Did you forget the payroll remittances?
If your corporation pays you a salary, it is an employer. It must open a payroll account and take CPP and income tax off each pay.
Related services
Self-Employed and Small Business Tax Returns in SurreyBookkeeping, Payroll and GST Filing in Surrey
Life events that involve this topic
Other topics
Have a question that is not covered here?
Call us or request a callback. Help is available in English and Punjabi.