Finally you got that tax refund that you were waiting for, and yes you did submit your taxes correctly and got the refund you expected. Or an even nicer surprise is that you got back more than you expected. A word of caution here though, if you got back more than you expected perhaps…
In most cases as an employer you will be busy enough keeping up with the standard accounting and tax remittances that are demanded of you as a business owner. Every once in a while though there may be special payments made to your employees that you will need to make adjustments for when calculating and…
Many business owners especially those that are new often feel like they also have to be a bookkeeper as well as accountant besides knowing about their business in order for it to be successful. In some ways this is true but fortunately there are experts in these fields who can take control of this…
Now with so many people working from home, and especially if this is a new experience it can be hard to form the right business mind set. It really is quite pleasant not to have to rise early in the morning to get ready for work and battle the traffic. At the same time…
Many more people have made the decision to start using an accountant now than before. The tax laws have become more complicated and more people are becoming pro-active in trying to take advantage of any potential tax credits that may be available to them. This applies to both businesses and the personal sector. One of…
It doesn’t seem to take long before what is commonly called the golden years arrive. Technically these are you retirement years. These are the ones where you no longer have to get up every morning and head off to work. Now is the time for those lazy days of fishing or golf, or…
With the recent election soon coming to an end many voters are looking at the party platforms in regards to the implications that each party will generate on the tax scene. Tax hikes: The Liberals really want to focus on the transit infrastructure so their plan is to raise 1.3 billion on the tax front…
As much as we wish that tax was not something that we had to pay it is a reality, so rather than looking at it with distaste and dreading that tax time of year, perhaps a different approach will make it an easier task in more ways than one. Know where you stand with your…
As an employer you have a lot of responsibilities to both your employees and the CRA when it comes to payroll and the necessary deductions. It is not something that you can do without being cautious and ensuring that it is done right. One of these deductions is the Canada Pension Plan, and when errors…
When it comes to taxes normally we are just interested in how it affects us on an individual basis. Basically we want to know what we owe the tax department at the end of the year, get it paid, and move onto the next year. For some though it means maybe getting a bit back…
