How to File T2 Corporate Income Tax & GST/HST Return as an Independent Contractor in Canada | 2024 скачать в хорошем качестве

How to File T2 Corporate Income Tax & GST/HST Return as an Independent Contractor in Canada | 2024

As an incorporated contractor in Canada, you have two key tax obligations to fulfill - filing your T2 corporate income tax return and your GST/HST return. In the video, we cover: ► Tax obligations as an incorporated contractor ► T2 corporate income tax return overview ► Calculating and reporting your GST/HST ► Claiming input tax credits to reduce your GST/HST liability ► Avoiding common tax mistakes and CRA penalties ****************************** Why Watch? This video is designed for independent/incorporated contractors and small business owners who need to tackle corporate tax filings. Whether you're a freelancer, consultant, or owner of a small corporation, you'll get clear guidance on managing your tax responsibilities, saving money, and staying compliant with Canadian tax laws. ****************************** 🎥 CONTENTS OF THIS VIDEO 00:00 - Intro 0:44 - Understanding Incorporated Contractor Taxes 1:29 - What is an Incorporated Contractor? 1:46 - Corporate Tax Obligations for Canadian Contractors 04:15 - Navigating T2 Corporate Income Tax Return 05:40 - Calculating Contractor Income and Expenses 07:58 - Important REMINDER: Avoid CRA Penalties 08:51 - Calculating Corporation Taxable Income 10:00 - Step-by-Step GST/HST Calculations 11:56 - How Input Tax Credits (ITCs) Works 12:19 - Key Takeaways ****************************** 🔗 MENTIONED IN THIS VIDEO ► Instaccountant's Services https://instaccountant.com/t2-corpora... ► Filing Your First GST/HST Return Online    • How to file GST/HST return online for...   ► T2125 Form for Independent Contractor Work    • How to Fill T2125 Form for Self-Emplo...   ◼️ Canadian Small Business Bookkeeping Guide https://instaccountant.com/bookkeepin... ****************************** Hello from Instaccountant! 🌟 We are your online tax accountants in Toronto specializing in services for independent contractors, self employed gig workers, and freelancers in Canada. Our online and in-office tax and accounting services cater to clients throughout Canada and the USA. ****************************** 📩 CONNECT ► Website: https://instaccountant.com/ ► Blog: https://instaccountant.com/blog/ ► Facebook: / instaccountant ► Instagram: / instaccountant ► LinkedIn: / instaccountant ****************************** Disclaimer: This video is for educational purposes only and does not constitute financial, investment, tax, or legal advice. Always consult a professional for personalized guidance tailored to your specific circumstances.