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A personal services corporation is a Canadian tax designation for a corporation where the shareholder would be considered an employee if it weren't for the corporate structure. The person who provides the services on behalf of the corporation is considered an incorporated employee. If the Canadian Revenue Agency (CRA) decides your one-person business is actually [...]

Penalties and interest will not be charged if the deferred payment requirements are met by September 1, 2020. Penalties and interest relief will be considered on a case-by-case basis for income tax balances that are not covered by the COVID-19 relief provisions described below: Individuals – Due dates Filing dates Remarks Filing [...]