Navigating freelance taxes in Canada presents unique challenges and opportunities. As an independent professional, managing your taxes effectively is crucial to maximizing your take-home income and ensuring financial stability. This guide delves into comprehensive strategies to help freelancers optimize their tax filings. Understanding Freelance Taxes in Canada Navigating Your Tax Responsibilities Embarking on a freelance […]

Personal Tax

A Guide to Freelance Taxes: Essential Tax-Saving Strategies for Independent Professionals

Woman working at home checking her freelance taxes

In an increasingly interconnected world, cross-border taxation stands as a crucial consideration for individuals and businesses operating in both the United States and Canada. Navigating the intricate landscape of tax obligations in two countries can be daunting. Yet, with the right knowledge, you can turn potential pitfalls into opportunities. This guide demystifies the complexities of […]

Business Tax

The Essentials of Cross-Border Taxation Between the USA and Canada

Filing documents for cross-border taxation in United States and Canada

Facing the tax challenges in the arts and entertainment industry can often seem as complex as the roles played by its members. At Ross Professional Corporation, we specialize in turning these challenges into tax opportunities for financial clarity and success. Whether you’re a new artist on the scene or a veteran behind the camera, our […]

Business Tax

The Arts and Entertainment Industry: Unique Tax Challenges and Opportunities

Tax challenges in the arts and entertainment industry

As the new year rolls in, it’s the perfect time to start preparing for tax season. This guide offers valuable insights and practical advice to navigate the complexities of tax filing, specifically focusing on Canadian tax regulations like GST/HST and harmonized taxes. Whether you’re an individual or a business owner, these tips will help you […]

Business Tax

Stress-Free Tax Season: Tips and Tricks to Prepare for a Smooth Tax Filing Process

Tax season with calculator, clock, tax forms, and paper clips

We get asked the question a lot about whether or not to contribute to an RRSP or TFSA account and what we think is better. The answer depends on your situation and can change each year.

Personal Tax

Should I contribute to an RRSP or TFSA account?

Should I contribute to an RRSP or TFSA account?

So you decide to start working for yourself and have your own business, but now how do you pay yourself?  First and foremost, remember you started your business so you can earn money – so don’t forget to pay yourself!  If you don’t, why are you doing this?

Business Tax

How to Pay Yourself through Your Business

How to pay yourself through your business

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