Business taxes need to be taken seriously, and they will depend on which province you wish to practice in.
Things that one needs to be aware of regarding taxes. (Things I need to look at again when the time comes...)
HST and how they work for chiropractic services and products sold. When to register for them (The $30,001threshold).
Filing deadlines for returns and payments: the 30/90 day rule.
Payroll number needed if I want to pay employees.
Assessment of employee vs. contractor.
Business income taxes, deductibles, automobile expenses (SEE BELOW FOR AUTOMOBILE LOG)
How to figure out your capital cost allowance on the vehicle: *To include a passenger vehicle in Class 10.1 if it meets certain conditions. The maximum CCA rate for this class is 30%. The maximum capital cost of each vehicle that may be included in Class 10.1 is $30,000 plus GST and provincial sales tax (PST), or HST.