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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”…
During tax season it is the time where most everyone is looking for some type of tax break. As a result of this they can become vulnerable to scams and misconceptions about tax obligations. No doubt you have noticed many new temporary tax offices opening up that are offering you great tax savings…
With the Canada tax deadline being in the first quarter of the year for many tax payers, they don’t start thinking about their current tax year situation at least until after they have filed the last year’s. That means that four months of the year have past and no tax planning has been implemented.…
The differences that lie between what Corporations pay for tax compared to what other types of Canada tax payers are hit with, is really becoming a source of contention for many. Some are of the mind that it sets the scene for the “rich get richer and the poor get poorer”. It is true…
We all like to complain about taxes for several reasons. The biggest one is because we believe we are being taxed to death, and the other is that it is a nuisance when we have to take time out to do our tax returns even though its only once a year. While there…
Sometimes we look at the small things that we can take advantage of with our taxes as being insignificant and don’t really bother with them. Taking a look at whatever small tax breaks you can get is a good habit to form because they can end up accumulating to a point where they really do…
