For the average tax payer what they tend to focus on when it comes to their tax situation is how much they made and how much tax do they owe on this. Then they go about having their tax returns completed and hope they don’t have to write a cheque to the tax department to…
As usual, the Canada tax government has a deadline in place which is nothing new. In this case it is the deadline for taxpayer relief. Now this one isn’t so bad, because all it means is that if you are wanting to apply for this government program you can only carry back your…
It is that time of year where the little ones are putting pen to paper or most likely fingers to the keyboard in preparation for their letter to Santa. These youngsters have a task at hand to write out their Christmas wish list in the hopes that Santa is going to bring them at…
If you have received some type of correspondence from the CRA and haven’t a clue of what it is saying, don’t think that it’s just you who is experiencing this because there are tons of tax payers in the same boat. In fact, quite often when a follow up is made to try and…
It doesn’t matter whether you have a new business, an established one, or are even thinking of starting one, you need a well thought out business plan in order for it to succeed. New business: You at least had to do some pre planning to get your business established. You had to go through…
If you have ever run into a tax problem when you ended up falling behind in paying the CRA money that you owed it, then you are well aware of the stress and hassle you went through to get the problem rectified. Chances are you ended up paying penalties or interest or both. …
As a year comes to a close many business owners begin to think about the Company and how it will fare in the upcoming year. The last few years in Canada have been tough on business with a not so great economy. Some smaller businesses got started and struggled under a sole proprietorship or…
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