5 Top Income Tax Tips For Entrepreneurs My top 5 income tax planning tips for entrepreneurs to keep as much money as possible in your pockets after the tax man cometh! 1. Watch your revenues when you first start out. Once you earn over $30k gross in one year, you are required to register for HST. If you fail to register, CRA can deem you a registrant and hold you accountable to remit 13% of all monies you collected from that point onwards….even if you hadn’t charged HST. That’s … [Read more...]