Well the fear that some people may have had about their tax information being compromised may very well have happened. The CRA has announced that some tax payers information was affected. However, before you truly let panic sink in there are a few things you need to consider. Really in many cases we see…
So you have retired and have reached the wonderful age of 65, and are looking forward to receiving your first OAS pension check and most probably your CPP pension. In addition to this you have made some sound investments over the years and you have set yourself up financially for your golden years. Now from…
Most often small businesses that are thinking about incorporating their business will consider the potential tax breaks as their first priority. While this is important, other factors should be considered as well. It costs money to incorporate your Company and it takes a bit of a time commitment for this . Also, if you…
When it comes to your taxes you don’t want any mistakes to occur with your filing, and at the same time you want all the savings you can get by way of lower rates, tax incentives and potential credits. To ensure that you are going to get this you have decided to turn to a…
A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
Being able to utilize the internet for both preparing your taxes and submitting them is a convenience to many, but to others it is not. For those that are comfortable with computers they see this as being the most efficient way for tax preparation and filing. Along with this resource can also come some real…
You hear a lot of talk around tax time about the many incentives and different types of tax credits that you may be eligible for, and this may be one reason that spurs you on to getting your taxes done and over with. For those rare refundable tax credits it is really nice to…
If you are trying to decipher the Canada Tax laws as a business owner then you may be quite overwhelmed with the number of forms that could possibly be applicable to your business like the T2 tax form, for example. You may also be of the mind that you are pretty good with figures and had…
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