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6 Taxes To Know If You Run A Restaurant In Canada
31 May, 2023
You’ve started a restaurant out of love for food. Amazing!
Since it’s a for-profit business, you’ve also learnt the basics of restaurant bookkeeping. Excellent!
Even though the quality of service drives restaurants towards success, understanding the industry-specific taxes is the real thing that keeps their financial health in check. In this case, we mean all the taxes a restaurant establishment must bear if it conducts business in Canada.
If you own a restaurant or planning to open one, it is necessary for you to understand these 6 taxes that will be levied on your business income.
Read this guide on restaurant taxes and sail through the upcoming tax season easily!