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set yourself up for tax success
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In this guide I discuss the most common taxes that small businesses and individuals will run into. These taxes are as follows:
• Income Tax
• Corporate Tax
• Sales Tax
o GST - Goods Sales Tax
o PST - Provincial Sales Tax
o HST - Harmonized Sales Tax
• Payroll Tax
The examples in this guide are only meant for simplicity and understanding and there are other variables that could affect the outcomes. The guide is also written for the audience of sole proprietors with a few references to T4 employed individuals.