Management and Organizational Studies 2277A/B Lecture 2: Lecture 2

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

If you tried to start an honest business with ,000 and the business is unsuccessful you can file a tax return to get that money back. When do i file: filing your return, tax year end is december 31 for federal/provincial income taxes. If you think you would owe any money make an educated guess on how much you owe, and always do a bit more, any extra will be sent back to you. In canada, the law says that you have to declare any taxable money that you make. If you receive money from business in cash you should report it, but you probably wont get caught if you dont. Income from your own business, tips, prizes and awards, rental property income, taxable benefits, total income also includes income received form sources outside of. Notes: you file your tax returns in whichever province you are physical standing in on.