So we begin with the first part of the Canada Tax government’s approach to cutting the red tape for the small business person. No doubt this part one will be one that you can relate to if you have had any dealings with the CRA. Part 1 – Timely Information Availability and Clarity The CRA…
One of the biggest complaints that small business owners across Canada have is the complexity of the tax system and the red tape they have to endure when dealing with the tax department. It would appear that the Government does listen and in fact has been listening way back since 2010. Now listening…
Perhaps you have had questions to some Canada Tax issues and you have resorted to the internet to find the answers. This is a great resource but one you need to use with caution. There are tons of accounting articles and information available to you but you really need to know something about the source that is…
Once students are back in school after the summer break many still want to hold down part time jobs to help them with their expenses. At the same time quite a few of them are not sure about what this means to them for taxes. In fact, a lot of students really don’t have an…
Most everyone would rather find other ways to spend their money than have to give it to the government by way of taxes. This line of thinking leads them to looking for tax shelters. Due to the recent revelations of off shore tax shelters and the big trouble that many people got themselves…
There are a lot of challenges for the Ontario small business owner, both for those that are just starting up and for those that are established. For start up businesses there seems to be the never ending output of cash, and then once established in means staying ahead of the competition, and dealing with a…
As Canadian tax payers it is common to pay close attention to what is taking place on the Federal tax level. It is just taken that for granted that whatever is going to take place at this level will affect the Provincial tax but on a lesser scale. As a result of this we don’t…
Getting to the age of retirement is something most people look forward to. It is supposed to be the time where you now get to do what you want to do. In many cases a lot of people have gone without a lot of things just so they would have a nice little sum of…
If you have ever thought about buying or leasing a New electric car (BEV) or plug in hybrid vehicle (PHEV) now may be a great time to do so. One of the most obvious reasons for switching to electric is the savings in energy costs. Currently the price of a litre of regular gasoline…
Okay you probably don’t even want to be thinking about taxes now as that obligation will come soon enough. If you do take a few minutes to give it some though, it could be well worth your while monetary wise. As we get close to Christmas (another thought that may not be one of your…
