There is still a week or two left that you could use to make some beneficial tax decisions to finish off the year right so you are going to be able to get from any potential tax breaks. Deciding how your company pays you: As the owner of your company you may be at…
Yes, as soon as the festivities are over you are going to be entering into a new tax year, which means you have to start planning for your tax return. You may find yourself in a variety of situations. Perhaps you have a good accountant so you are in good shape. In the…
Many of us know that this is the age of the baby boomers, and if you are not sure if you fit into this category then all you have to realize is that if you were born between 1946 and 1965 then you can count yourself amongst this group. So what does that mean…
In a recent article we touched on the CRA highlights for 2013. One of these was the pat on the back the Harper Government gave themselves in regards to Canadian seniors and taxes. Let’s take a look at these and see if this self praise is well deserved or not. Old Age credit: This has…
In one of our recent posts we highlighted some of the 2013 tax events, and said we would expand on some of these so you can make sure that you keep them in mind moving forward to the new year. One of the tax events that we mentioned was the Family Caregiver tax credit that the government…
Most people have a certain level of fear when it comes to the CRA, especially if they are behind in their taxes. Often this fear can lead a taxpayer into deeper trouble. Instead of facing their late tax issues head on, they choose to ignore the Canada tax department. There are many different thoughts that can…
It is hard to believe that another year is almost over and the festive season is upon us. We here at Toronto Accountant would like to take the opportunity to extend our Thanks to all of our valued clients that we have had the pleasure of serving throughout 2013. We would also at this time…
As one year draws to a close and another one is about to begin, many people like to reflect back on important events that have taken place throughout the year that could have an effect on their lifestyle. The Canada tax is one of these and is important to any Canadian tax payer. So what were the…
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