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2014

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Fitness tax credit and arts credit

Your Child’s Exercise Could Save You Tax Money

Personal Tax, Tax CreditsBy Sam SeidmanMarch 27, 2014Leave a comment

There isn’t much good that can be said about having to get your taxes done, except that perhaps when doing them it will bring to light some of the potential tax credits that may be available to you, that you are as of yet not taking advantage of.   This is where using a tax accountant can…

Being Tax Organized for Your Business

Being Tax Organized for Your Business

Bookkeeping Services, Self employed, Small BusinessBy Sam SeidmanMarch 26, 2014Leave a comment

Paying taxes is not something that most of us enjoy. For personal tax returns it usually means just a day or two of getting this task done but for businesses the tax responsibilities are an ongoing affair.   Businesses that are unorganized and leave their taxes to the last minute are really creating a lot…

New Finance Minister for Canada Joe Oliver

Does a New Finance Minister Mean a New Look At Taxes?

Canada Tax News, Income splittingBy Sam SeidmanMarch 25, 2014Leave a comment

Many people get so frustrated with Politics that they tend to give up trying to following what is going on in Parliament, but when it comes to tax talk it usually grabs the interest of those who don’t normally get involved with politics.   So now that we have a new Finance Minister in place…

When Should the Young Adult Become Concerned About Taxes?

When Should the Young Adult Become Concerned About Taxes?

Canada Tax, Personal TaxBy Sam SeidmanMarch 24, 2014Leave a comment

As parents we try and arm our youngsters with as many skills as possible to carry them through their adult years and help them make sound financial decisions. One of the things that we may neglect to inform them about is the responsibility that they are going to have with their tax obligations.   When…

Making the Tax Transition into the Retirement Years

Making the Tax Transition into the Retirement Years

RetirementBy Sam SeidmanMarch 23, 2014Leave a comment

It really is nice to think about retirement and looking forward to doing all the things that you have not had time for. It is also nice to think to think that you will no longer be paying a huge chunk of your wages to the tax department any longer.   What many people don’t realize is…

Making Your Year End Count

Making Your Year End Count

Corporate Tax, Personal TaxBy Sam SeidmanMarch 22, 2014Leave a comment

It may seem strange to be talking about a current year end for your business when you are focusing on your last year’s taxes.   When you stop to think about it though, by the time you get those taxes completed you are near the end of the first quarter of the current year.  …

Scrutinize Your Tax Return Like the CRA Does

Scrutinize Your Tax Return Like the CRA Does

Tax ReturnsBy Sam SeidmanMarch 21, 2014Leave a comment

Nobody likes to make a mistake on their taxes. Most often when an individual has decided to do their tax returns themselves they do so with a lot of tension and stress. This in itself can easily lead you to making a mistake. Common errors often come in the addition of the figures, and then…

Don't Let Your Tax Obligations Make Your Success a Failure

Don’t Let Your Tax Obligations Make Your Success a Failure

Canada Tax, Personal TaxBy Sam SeidmanMarch 20, 2014Leave a comment

A lot people work very hard to become financially successful with the hope of being solid financially when it comes to their retirement years. In many cases these individuals who have worked hard to gain their financial success become frustrated with what they consider unfair tax obligations.   Most often they have worked many long…

Putting Your Medical Expenses to Good Tax Use

Putting Your Medical Expenses to Good Tax Use

Personal Tax, Toronto accountantBy Sam SeidmanMarch 19, 2014Leave a comment

Nobody likes to be sick because of the way it makes them feel and then there are the added expenses that come with most illnesses. Even if it doesn’t warrant a doctor or a hospital stay, the over the counter medications are expensive. For more serious illnesses even though we have great medical coverage in…

Objection Letting the CRA Know You Don’t Agree With Them

Letting the CRA Know You Don’t Agree With Them

Personal TaxBy Sam SeidmanMarch 18, 2014Leave a comment

Some people like to get their taxes done early which is a good thing because it is over and done with.   Then it is usually forgotten about until you get your tax assessment in the mail. Chances are you look it over quickly, but really this is important information and you should scrutinize it…

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