If for whatever reason you are not familiar with the concept of tax instalments, don’t worry, many people aren’t. If you work a regular job for a specific company, your tax deductions will be automatic throughout the year, taken off your paycheque, ensuring that at the end of the financial year (April) when you…
You’ve spent years slowly building up your business, and after months of dedication and perseverance, you have finally reached the point where you can incorporate. At long last you can take advantage of the different tax deferral techniques available, saving you a great deal of money. So is incorporating a good plan for…
Management fees are a very tricky area of Canadian tax law, and are subject to the vague concepts of how much a specific management service is in fact worth. Charging management fees can be a very effective way to manage an overwhelming tax burden, but can also put you in dangerous water’s if used incorrectly…
So, why should you be organized for taxes? This is something that everyone has to worry about, whether you run a small business or are self employed or are simply doing your taxes for yourself. Making a mistake on your taxes can be absolutely devastating for anyone, and the only way to avoid this fate…
This is a strange concept, as the worth of really anything is purely subjective, to some extent. It is simply a matter of what someone is willing to pay for a service or product, or alternatively, what someone is willing to sell that service or product for. Yes, there are certain market values…
Almost every Canadian feels like they are taxed to death. Every time they turn around they are being taxed on something. One of the big complaints that Toronto property owners have is their property taxes. Every level of government has some form of taxes that they level against the public. It is this tax money…
If you are just in the process of setting up your new business then you are no doubt finding yourself to be quite busy. Not only is there the operational segment of your business to focus on you also have some responsibilities concerning the administrative side of it. Perhaps you thought that this segment of…
Most people like to have as little dealings as possible when it comes to the CRA. They like to get their taxes over and done with then forget about this agency for another year. However, what you need to keep in mind is that you must inform the CRA of some of the events that…
When some individuals start an online business they are under the misconception that the business will basically run itself. They soon discover this is not the case and this online business entity demands some ongoing attention. That is if you want the business to be a successful one. Being successful online comes with many learning…
You may be thinking that you would like to try something different besides a 9 to 5 regular run of the mill job. You may be toying with the idea of becoming an entrepreneur. First it is important to understand what this really means. It means becoming a business owner who has organized…
