Category: Canada

Generally, No! If the corporation has negative retained earnings (losses), it cannot issue dividends. A corporation with negative earnings fails to meet the solvency test. Technically, dividends are distributions of after-tax profits of a corporation. Can you use retained earnings to pay dividends? Retained earnings are the portion of a company’s cumulative profit that is […]

There’s no law that directly forbids sugar daddy dating in Canada. However, the industry is often described as one of the social grey areas. Can I be a sugar baby in Canada? According to Seeking Arrangement, there are now over 350,000 sugar baby students across Canada, many of whom attend school in B.C. Are sugar […]

Canadian shipyards build state-of-the-art fishing boats, pleasure yachts and catamarans. Combining old techniques with the latest trends and technologies, the Canadian industry has carved out a strong niche for itself and won awards in the process. How many shipyards does Canada have? threeIn Canada, there are three major active shipyards that have been and are […]

To drive a motorcycle you must be at least 16 years old and have a valid motorcycle licence (Class M1, M2 or M). You must have the proper type of licence plate attached to the rear of your motorcycle or moped, as well as valid vehicle registration. You must also have liability insurance. Do you […]

Options include: Lettermail – Priority handling of mail, with delivery of three to seven days in-home. First class is for mail that needs fast delivery or is personal in nature. Lettermail pieces include: invoices, correspondence, annual reports, proxy statements, time sensitive printed matter and small packets. Does Canada have first class mail? First-Class Mail International® […]

The legal representative will need a clearance certificate to distribute assets unless the following circumstances apply: the estate or trust continues to exist to pay income to the beneficiaries. the corporation’s assets and liabilities are being rolled over into another corporation and there is no other tax liability. Is clearance certificate required? As Allinotte points […]

SINs can be found on the front page of an individual Canadian tax return. SINs can also be found on notices of assessment issued by the Canada Revenue Agency (see examples below). What is my TIN number Canada? For example, in Canada: for individuals, the TIN will be their Social Insurance Number (SIN) for businesses, […]

the most recent Visitor Record, Study Permit, Work Permit or Temporary Resident Permit issued to you. The document number is found on the top right of your study permit, or IRCC document. It is a letter followed by 9 numbers (e.g.F123456789) on the top right. Where is the document number on a Canadian status? It’s […]

“Ties” to your home country are the things that bind you to your current place of residence (examples include: job, family, financial prospects that you own or will inherit, investments, etc.). What is proof of ties? Some of the evidences of home tie are marriage certificate, employment letter, certificate of investment, child/children birth certificate, bank […]

Bottom Line Most online shops that sell cigarettes and tobacco products run sales. Buying cigarettes online is also more convenient than buying them in supermarkets. You can buy menthol cigarettes online in Canada at cheaper prices while also getting great value for your money (free delivery). Is it legal to buy cigarettes online in Canada? […]