If you're an entrepreneur or small business owner in Toronto, you know how challenging it can be to scale your business. However, with the help of an accounting and management consulting firm like ACT Services, the process can be much smoother.

A Canadian-controlled private corporation (CCPC) is a private corporation that was either incorporated in Canada or resident in Canada from June 18, 1971, to the end of the tax year. In short, a Canadian-controlled private corporation is simply a type of private corporation controlled by residents of Canada.

Accounting professionals provide quantitative financial information to businesses to help them make sound business decisions, track expenses and income, and ensure compliance. When your financial records are clean and up-to-date, you can be assured that your business will grow smoothly.

On average, tax and financial costs took away 70% of Canadians’ gross income: 30% income tax, 40% financial costs-mortgage, insurance, bank charges, credit cards etc

Owners of small, family-owned businesses are celebrating new tax rules that came into effect while barbeques were getting fired up. Bill C-208 was passed on June 29, 2021, and promised to facilitate inter-generational transfers for small business owners, including the owners of family farms or fishing properties.

Our email newsletter is a one-stop resource for relevant news and content about ACT Services, experienced accountants in Arnprior, Pembroke, Toronto, and Ottawa, ON.

At ACT Services, we are experienced accountants in Arnprior, Pembroke, Toronto, and Ottawa, ON. We specialize in accounting, and tax planning solutions, which help businesses, corporations, and individuals move forward with their finances.

Happy Holidays from ACT Services. Wishing you a joyous and safe holiday season and a Happy New Year 2023!

We’ve met many people whose income level fluctuates from year to year. They may find themselves paying more than they expect at tax time. This is because when you have a higher income, your income may be bumped into another tax bracket, causing you to pay higher tax rates at upper-income levels.

Keeping up with tax regulations and accounting should be one of your top priorities as a business owner. With that said, hiring a professional, trained accountancy service can ensure everything runs smoothly, and your financial obligations never fall through the cracks. Their services include financial statements, bookkeeping, HST compilation, payroll, and helping you understand your business’s success in terms of profit and loss so that you can plan ahead for the future.

Thanks for stopping by our blog. If you’re looking for more information about ACT Services, you’ve come to the right place.

I’m Jane Chang, the proud owner of ACT Services.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!