As employees have now received Form 16, they can now file income tax returns (ITR) for the assessment year 2024-24 (or financial year 2023-24). However, if you are filing your ITR, there are some common mistakes that you need to avoid for successful submission of the income tax return. Filing your ITR accurately and on … Read more
Opinions expressed by Entrepreneur contributors are their own. An annual financial plan can help you regulate cash flow, cut costs, manage taxes and generate growth. But no matter how thorough that plan is, it is important to set up regular checkpoints to review it throughout the year. By June, you should have a good idea … Read more
New tax measures, and changes to existing ones, will begin affecting Canadians in 2024. But tax experts say the effects on most individuals are likely to be minor, unless they’re high-income earners. GST/HST exemptions, the elimination of deductions for some short term rentals, new alternative minimum tax rates and changes to Canada Pension Plan (CPP) … Read more
