Daily Archives: June 25, 2013

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Foreign Income Verification Statement Question on T1 General Tax Return, T2 Corporate Return and T3 Trust Returns When you complete your Personal Income tax return for Canada there is a question on the front of the return which asks “Did you own or hold foreign property at any time in 2012 with…

Keeping Track of the Little Things In Your Toronto Business Accounting

Self employed, Small Business, Tax Planning

It is so common for self-employed individuals or small Toronto businesses to really put off getting an accountant to look after their financial matters as it pertains to the business financials. Then at the end of the year as tax time roles around it is suddenly realized that there is a real need for a…

Daily Archives: June 25, 2013

What is the Foreign Income Verification Statement and do I have to file it?

Keeping Track of the Little Things In Your Toronto Business Accounting