Sukh Tax

  What are included in accounting and bookkeeping services? Accounting and bookkeeping services typically encompass a range of tasks and responsibilities related to the financial management of a business. These services are crucial for maintaining accurate and up-to-date records, ensuring compliance with financial regulations, and providing valuable insights for decision-making. How is the HST calculated on new homes in Ontario? When purchasing a new home in Ontario , it's important to understand the various costs involved, including the Harmonized Sales Tax (HST). The HST is a combination of the federal Goods and Services Tax (GST) and the Ontario Provincial Sales Tax (PST). we will explore how the HST is calculated on new homes in Ontario, providing you with a clear understanding of what to expect when budgeting for your new home purchase. What is accounting and Bookkeeping? Accounting and bookkeeping are closely related fields that involve the recording, organizing, analyz...

 Estate planning is a crucial process that ensures your assets are managed and distributed according to your wishes after you pass away. While most people understand the need to plan for aspects such as wills, trusts, and probate, one critical element that often gets overlooked is income taxes. Incorporating income tax planning into your estate plan is essential for several reasons, ranging from minimizing tax liabilities to maximizing the value of your estate. In this article, we will delve into the significance of including income tax planning as part of your overall estate planning strategy. Minimize Tax Liabilities: Properly considering income taxes in your estate plan can help minimize the tax liabilities your beneficiaries may face. Without careful planning, your loved ones could be burdened with significant tax obligations upon inheriting your assets. By structuring your estate plan to optimize tax efficiency, you can potentially reduce the amount of income tax that must be...