In Canada, it's tax season! Although it isn't exactly a happy time of year for many people, it may be a terrific time to save money if you know where to search for Corporate Tax filing Canada. While taxes have always been a complex issue that no income-earning individual or corporation can avoid, you can legally reduce them. Several tax deductions are available to Canadian business owners, reducing their tax liability and saving them money. And this is something that most small business owners overlook. What is a tax deduction? Tax deductions lower your taxable income. Operating expenses are an excellent example because they allow business owners to deduct any reasonable expense incurred in order to create money, including any GST/HST paid on that item. This includes expenses such as advertising, bad debts, or insurance, as well as routinely reported meals and entertainment. If you own a business, familiarize yourself with the list of permissible expenses; you may discover some new ones that your company is entitled to. We've developed a list that should get you started on saving money on your taxes. Let's get this started.