Perhaps as a small or new business entity you feel like you are being swallowed up in a mountain of paper. Even though you are computer savvy and you are using a ton of software for your business entity you still have a lot of hard copies of business papers to deal with. …
In general as tax payers we just accept the goods and services tax as part of the expense of the majority of the purchases that we make. If we are selling something we often don’t know if we should be charging the GST/HST and it gets confusing. To add to this there are some goods and services…
It may be that you are helping a few neighbors or friends out by providing them with daycare, and what you may not realize is that by doing so, you could be placing yourself in a self employment position that has specific tax implications. Don’t be surprised if at the end of the year…
As a member of a family quite often you can end up becoming the caregiver of another family member in need, and this can leave you with an additional financial burden. There are some tax breaks that evolve around this type of situation. If the individual you are looking after is a dependant and…
As a trades person you may not be aware that you may be able to claim some of the tools that you bought to perform your work. Even though you are an employee as a tradesperson it could be that you were required to buy a few of your own tools. You want to…
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