Owing money to the tax department is not a pleasant situation to be in, however there are many that do find themselves in this predicament. There can be a number of reasons as to why this has happened but one thing is for sure and that is the CRA will do whatever is necessary…
Congratulations on starting a new small business Like the Tax Story I am about to tell you below using the infographic, you have decided to start a new small business. There are a number of decisions you have to make when you start a new business. Should you incorporate or do you operate…
Canada is a great country to live in we have 10 Provinces and 3 Territories. However as a Canadian resident there are many taxes which you will pay and the rate and amounts will depend on which Province in Canada you live in as well as how good your tax planning is to ensure that…
Gosh, it’s the warm weather and time of year to think about entertaining and vacations, not taxes! Not many of us are happy at tax time when we see how much money we have had to contribute or may still owe. However, at least when the filing is over and done for the…
We are all tempted on occasion to accept a deal where we don’t have to pay any taxes. Most often we run into situations where we need things done around the home, and the budget is pretty tight. Then someone offers to do the repair or renovation on a cash basis and this seems to…
It can be really difficult when you are operating a small business to keep its dealings separate from your personal life. There are so many different aspects of a small Company that demand attention and more often than not there is only one person taking on all of the responsibilities, which is you. When it…
Any time you can prevent problems with the Canada tax man the better, and this is one of the many reasons that a lot of people are now utilizing the services of an experienced accountant to assist them with the filing of their taxes. Tax problem prevention is much better than having to deal with a…
Anyone that has a disability most likely has a lot more individual expenses than those that do not. In addition to this their ability to generate an income may be limited. The Canadian Government has put some assistance in place for people with these circumstances. One of the most important forms of financial assistance that…
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