Unfortunately many Canadian seniors really don’t have a lot of income that really creates the need for using a Toronto Accountant. There are those seniors however or even some early retired “baby boomers” who made investments throughout their working years and now really need some help with their tax planning now they are retired. What…
Going through a divorce is not a pleasant experience. It has a dramatic and negative affect on several aspects of both parties including the children and other family members. One area that has to be addressed during this time is the legalities which include the finances. You both need to be able to depend on…
Once the wedding is over with and you have settled down to the routine of your new life as a married couple, there are certainly a lot of adjustments to make. Something you will need to give some serious thought to is filing your taxes and future tax planning. A good way to get yourself…
Personal tax returns can be difficult enough for Canadian tax payers, but when you have to complete your return as a self-employed individual then the real confusion sets in. The best step to take is to use the services of a Toronto Accountant who does this for a living, and will know what your best…
When spring is in the air it usually means that tax returns should soon be in the mail. Who in the world wants to be spending their time crunching figures and writing out cheques to the tax department? This is a job for your Toronto tax accountant. No matter how simple you may think your…
Stop International Tax Evasion Program One of the items proposed in yesterdays budget by The Honourable Jim Flaherty, Minister of Finance, is to launch the Stop International Tax Evasion Program under which it will pay rewards of up to 15% of the federal tax collected to individuals with knowledge of major international tax non-compliance…
This is a follow up post to my original posting about tax free savings accounts to explain how the tax free savings account limit for 2013 works. Tax Free Savings Account Limit 2013 Although the annual tax free savings account limit for 2013 is $5,500 if you have never contributed to a tax free savings…
Do You Need to File a CPT30 Election Form On January 1, 2012 new rule changes came into place that will affect individuals and business owners who are 60 years of age and less then 70 years of age. Under the old rules once you began to receive Canada Pension Plan (CPP) retirement pension, which…
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