Guide for Canadian Small Businesses

RC4070(E) Rev. 05

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Table of Contents

• Before you start
• How This Guide Can Help You
  • Internet access
  • About the CRA
• Chapter 1: Setting Up Your Business
  • Sole proprietorship
  • Partnership
  • Corporation
  • The Business Number (BN)
  • Keeping records
  • Bringing assets into a business
• Chapter 2: The Goods and Services Tax (GST) and Harmonized Sales Tax (HST)
  • What is the GST/HST?
  • How to register for the GST/HST
  • How to collect GST/HST on the taxable goods and services you provide
  • Input tax credits
  • Simplified accounting methods
  • How to calculate the GST/HST you owe and file your return
  • GST/HST Rulings
• Chapter 3: Excise Taxes and Excise Duties
  • What are excise taxes and excise duties?
  • Excise taxes
  • Excise duties
• Chapter 4: Payroll Deductions and Remittances
  • What to deduct from your employees' paycheques
  • How to report payroll deductions
• Chapter 5: Income Tax
  • Accounting for your earnings
  • Fiscal period
  • Income
  • Expenses
• Chapter 6: Audits
  • What is an audit?
• Chapter 7: Objections and Appeals
  • What to do if you disagree with a tax assessment
• Chapter 8: How To Get Information From the CRA
  • Electronic services for businesses
  • Bilingual service
  • Tax services offices
  • Tax centres
  • The International Tax Services Office
  • Employer visits program
  • Tax clinics
  • Advance Income Tax Rulings and Interpretations
  • GST/HST Rulings and Interpretations
  • Help for taxpayers with a hearing or visual disability
  • Seminars, trade shows, and workshops
  • Service Canada
  • Scientific Research and Experimental Development (SR&ED) Investment Tax Credit
  • Consultation
  • Canada Business Service Centres
  • Publications
• Summary of Important Dates for businesses
• List of frequently used CRA Web pages for small businesses
• Glossary of Terms
• Your opinion counts!

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