Mobile Accounting and Tax Services in Alberta Canada -BOMCAS EDMONTON ACCOUNTANT

Choosing the right person to handle the bookkeeping and accounting tasks of your company is more important than you might realize. In fact, it can be the difference between your business making lots of profit and your business losing money. A qualified accountant can help you grow your business by helping you avoid unnecessary fees and reduce expenses. He can also help you properly manage your payables and receivables.

Tuesday, July 5, 2022

An overview of the taxation system in Canada

Taxes are a significant source of revenue for the federal government of Canada, which makes them an important component in the funding of a wide variety of social and economic initiatives. Although the Canada Revenue Agency (CRA) is largely responsible for tax collection, the federal government and each province government are responsible for enacting new tax legislation (CRA). The federal government of Canada is in charge of collecting all personal income taxes, including those that are collected by the provinces and territories. The only province in Canada that is exempt from this rule is Quebec.

https://bomcas.ca/an-overview-of-the-taxation-system-in-canada/