When it comes to paying your Canada tax, like most people you look at it as one lump payment obligation to the Government of Canada. What we often forget to remember is that our total tax payments are actually divided between two levels of government. We usually grumble about not only the fact that…
For the individual personal tax payer who has been handling back tax affairs with the CRA they will tell you that it is always the little person that the tax department goes after. This segment of the government is taking pride in their transparency, which means they now can now disclose who they have…
You may be thinking that because you are delinquent with your taxes and at this time of year the CRA are so busy with the annual tax returns that they are going to forget about you for awhile. Don’t count on this as there are many different departments within the tax segment of the Canadian…
Well you finally feel like you can breathe a sigh of relief. You got your taxes completed and mailed in just before the deadline. Now you have a few months to not have to worry about this obligation and can get on with other business at hand. Within a few weeks you…
The one mistake that you should never make is to avoid correcting a mistake that has been made regarding your taxes whether it is your error or theirs. The tax system is complicated even for a student, and this is one of the reasons it is advisable to use a quality account to try and…
In the past many people would just accept their tax obligation as a part of life’s living expenses and file their returns as required by law. Now with a tough economy more people are being forced to take a closer look at their tax situation, and are becoming more knowledgeable in way to reduce this…
For the most part as Canadians we tend to like to mind our own business. When it comes to taxes though, there is often a level of frustration in regards to fair play. Many hard working tax payers feel that they are getting hit harder with their taxes them perhaps other businesses do, or even…
As we grow older in life we start to pay a little more attention to our financial future in regards to what pensions we will be able to rely on as source of income. Most Canadians are aware of the Canada Pension Plan (CPP) and the Old Age Pension. Often though it is…
When starting a new self employed business there is every chance as your business grows that you will need some help with its operation. If you have a family member that is qualified to assist you then you can utilize their services. You are entitled to pay them a wage as you would…
As most people are aware of the tax filing deadline has been pushed back for the Canada taxes until May 5th. due to the CRA site breach by an internet virus. For some this doesn’t mean much, but for others who are right down to the wire with their tax filing those extra few…
