Author: unityfs.ca
-
1. “How Ontario Small Businesses Pay Only 12.2% Tax — The 2025 Advantage”
Ontario Small Business Taxes: What Every Entrepreneur Needs to Know in 2025 By Unity Financial Services – Helping You Keep More of What You Earn Running a business in Ontario comes with big dreams, big work… and yes, big tax questions. One of the most common questions we hear from entrepreneurs, consultants, freelancers, and small…
-
🔒 Can Creditors Take Your QPP Money If You Go Bankrupt or After You Retire?
🔒 Can Creditors Take Your QPP Money If You Go Bankrupt or After You Retire? Your Québec Pension Plan (QPP) shows up on every pay stub — but what happens to it if life goes sideways?What if you go bankrupt or face serious debt — can creditors take that money? Here’s the full answer 👇…
-
🧾 What Is QPP and Can You Get It Back If You Leave Canada?
🧾 What Is QPP and Can You Get It Back If You Leave Canada? If you’ve ever looked at your Québec pay stub and wondered —“What’s this QPP deduction and can I ever get it back?” — you’re not alone. Let’s break it down in simple terms 👇 💡 What Is QPP? QPP stands for…
-
🏠 Can You Open an FHSA If Your Spouse Already Owns a House?
🏠 Can You Open an FHSA If Your Spouse Already Owns a House? Here’s What the CRA Really Says Many Canadians are opening First Home Savings Accounts (FHSAs) to save thousands in taxes when buying their first home.But what if your spouse already owns a home and you don’t?Can you still open an FHSA and…
-
💞 Spousal RRSP: The Secret Tax Strategy Every Canadian Couple Should Know
💞 Spousal RRSP: The Secret Tax Strategy Every Canadian Couple Should Know When it comes to building wealth as a couple, most people think of joint bank accounts or shared investments — but few realize that one of the best financial hacks in Canada is something called the Spousal RRSP. It’s not just another retirement…
-
How to Register a Federal Corporation in Saskatchewan (2025 Guide)
How to Register a Federal Corporation in Saskatchewan (2025 Guide) Starting a business in Canada? Registering a federal corporation gives you national recognition and the flexibility to operate across provinces.If your business will also operate in Saskatchewan, there’s one extra step you can’t skip — extra-provincial registration. This guide walks you through the exact process,…
-
💰 Do You Pay Tax on Lottery Winnings in Canada? The Truth Might Surprise You
💰 Do You Pay Tax on Lottery Winnings in Canada? The Truth Might Surprise You Published by Unity Financial ServicesFinancial Literacy • Tax Tips • 2025 Edition 🎉 Imagine This… You just hit the jackpot — millions in your account overnight.The first question that comes to mind?“How much will the government take?” Here’s the good…
-
🎓 Paid Over $20,000 in Tuition But Got $0 Back? Here’s Why (Explained Simply)
🎓 Paid Over $20,000 in Tuition But Got $0 Back? Here’s Why (Explained Simply) Meta Description:Paid more than $20,000 in tuition but didn’t get a refund? Learn how tuition tax credits really work in Canada, why you didn’t receive money, and what to do to benefit later. 💡 The Truth About Tuition Tax Credits in…
-
👶 QPIP Maternity Benefits in Québec — How Much Will You Really Get? When you’re preparing for maternity leave, one of the biggest questions is:“How much will I actually get from QPIP?” The Québec Parental Insurance Plan (QPIP) provides income replacement when you take time off for pregnancy, birth, or adoption — but unlike Employment…
-
⚠️ Did You Know? Even Inactive Corporations Must File a T2 Tax Return in Canada
⚠️ Did You Know? Even Inactive Corporations Must File a T2 Tax Return in Canada Many small business owners assume that if their company had no income, no activity, or is temporarily inactive, they can skip filing corporate taxes.❌ That’s not true. Under Canada Revenue Agency (CRA) rules, every incorporated business must file a T2…