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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…
It is exciting when you are about to start a new business. You will soon find that there are many things that you need to attend to. Finding out what your responsibilities will be to the CRA regarding this new business venture is something that you do not want to put way down on your “to do”…
