CALL NOW FOR CONSULTATION!
416-398-1700
Everyone is getting revved up for the upcoming holiday season, and once November ends it seems like none stop activities. Then before you know it the New Year has arrived and its back to business. Now is the time you may be seeking out a Toronto accountant if you don’t already have one. For many people…
Many times new business owners believe that when they go to buy items needed for their business that they can use these as an expense write off for their business taxes. They make huge investments then when they sit down with their Toronto accountant they are shocked to discover that they are only allowed to claim…
If you are well before the age of 65 you probably don’t give much thought to your pensionable earnings. It may seem like a long way off, but before you know it all of a sudden you are ready to start collecting your Canada Pension Plan. However, you really aren’t quite clear on how much…
Almost every Canadian tax payer has at least a few small complaints about the country’s tax system but mostly it’s because nobody likes the thought of having to pay it. There are also many that really believe our system is totally unfair, and this is not only the thoughts of the business person, but personal…
We’re going to wrap our series on the CRA 12 Step Red Tape Reduction Plan by finishing off with the last 2 and final steps of this plan. For many these last two steps are going to be really important. According to the CRA our Canada Tax system for the small business person is going to…
Review of CRA 12 Step Red Tape Reduction Plan Part 8,9 and 10 While for the most part many businesses deal with the small tax related items when it comes to Canada tax which are annoying enough there are some bigger aspects that have to be dealt with by some companies. These are tax rulings.…
We are more than half way through our review of the CRA 12 Step Red Tape Reduction Plan and up until this point the proposed changes all seem to be in favor of the small business person. While they are not geared towards direct Canada tax relief they are in place to make the tax system easier…
Part 4 & Part 5 In this part of the CRA red tape reduction plan the Canada Tax department is taking responsibility for their accountability for information. This is also a welcoming change. All too often advice given by the tax department in the past has either been so vague or so complex that…
