Tax Services | T2 Filling
The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include: This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially…
Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…
What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…
A company seal is a stamp that signs a document on behalf of a company. It can be affixed with an embossing tool that engraves a company’s details onto a document. Seals have historically been used to sign legal records, like contracts, deeds, and certificates. Some businesses like to use them, especially if they are…
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Qualified Canadians who love Japanese culture or wish to leave Canada can now apply for Japan’s newly introduced digital nomad visa. Following Indonesia, Portugal, Spain, and Italy, Japan has become the latest country to launch such a visa, allowing foreigners to live and work remotely with their spouses and children for six months. Earlier this…
Read More “Guide for Canadians Applying for Japan’s Digital Nomad Visa” »
Big changes could be coming to Canada’s banking system, creating new opportunities for Canadians to control and streamline how they manage their money, but also giving rise to new cybersecurity needs. Here’s a look at what open banking, a set of financial policies adopted abroad and proposed for as soon as next year by the…
Read More “Open banking could be coming to Canada. Here’s what you need to know” »
Following last year’s decline in investment and deal activity across Canada’s FinTech sector, startups should brace for sustained sluggishness for the next six to eight months, according to a new report from KPMG. KPMG’s latest Pulse of FinTech report found that in 2023, investment in Canadian FinTech companies dropped by 30 percent in 2023 to $1.2 billion…
Read More “DEAL VOLUME IN CANADA’S FINTECH SECTOR FELL BY 50 PERCENT IN 2023” »
EQ Bank, renowned for its high-interest rate savings accounts, has now made the decision to introduce the new EQ Business Account, available free of charge. We are still waiting for more information.
Read More “Waiting for the new EQ business account to launch” »
A business investment loss (BIL) arises on the sale or other disposition, at a loss, of: An ABIL is equal to 50% of a taxpayer’s BIL (that is, an ABIL is equal to 50% of the ACB of the share, or the principal amount of the debt, minus any proceeds received on the disposition). The…
The topic of ESG has recently become very popular, and there are numerous qualifications and certificates related to ESG. Those who are interested in ESG certificates must have come across many introductions on various platforms about ESG, sustainable development, green themes, and more. ESG is a relatively new concept, and everyone is exploring it, but…