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There is often a saying that goes around that the “rich get richer and the poor get poorer”. So when the phrase Ontario wealth tax hits the media it does cause some various thoughts from both sides of the fence. The average income bracket thoughts…. For those that are in an average income bracket…
As a Canada tax payer at some point in time we have all seen those nifty little bulletins that are available concerning the Canada Tax system. They were designed to help us understand the tax laws that we are subjected to. The problem is that many people who have no real understanding of financial…
Many young people who live in Toronto and are just graduating from the film and arts programs have a strong desire to start up their own business. Just like any business big or small it pays to have a good Toronto tax accountant for several reasons. First by making sure your business financials are…
As a senior in Canada you just may be wondering where you fit into the tax system when it comes to paying or receiving at the end of the tax year. While the Canada tax system has a lot of information support it often doesn’t make it any easier to understand. For this reason a lot of…
Service Changes The Canada Revenue Agency has ended payment and enquiry counter services at the Toronto North Tax Services office effective October 1, 2013. Previously you could go in to the tax service office and make a payment on account of taxes or arrears and drop off any federal tax returns or information…
It is an easy trap to fall into when you are in a self employed situation to mix your personal finances with your business finances. While this may seem like an innocent thing to do and means a lot less bookkeeping, it can also be a very dangerous situation to be in financially. To begin…
Normally if you are going to hire an individual or company to perform a service for you then you want to know they are going to do a good job for the money. When it comes to hiring a tax preparer it can be a lot more difficult to determine just what kind of job…
You have done your taxes as best you can, filed on time and now all of a sudden you have been notified that you are going to undergo a CRA tax audit. So what in the world triggered this? There are a few common things that will raise a concern with the CRA and may…
