Many people who owe money to the CRA actually live in fear of the repercussions of this debt going unpaid. They are aware that this government body has a lot of power to collect, and one cannot fight them easily. Then there are other people who adopt the attitude that “you can’t get blood out…
As if students didn’t have enough to think about they now also have to pay close attention to their tax situation. It used to be that this was something that could be left in their parent’s hands. Back years ago when the parent was predominantly responsible for education costs, it was their role…
Most new business owners really don’t give much thought as to what it is going to cost them to hire employees other than what that worker’s wage is going to be. Unfortunately there is more to it than that, and if you are truly doing a cost projection for running your business then you need…
It is so common for entrepreneurs to think that all they have to do is incorporate a business and they are fully protected personally from any repercussions that could arise as a result of the business. For example, they believe that if the Company runs into debt that the owners of the company are…
There are a lot of people that literally feel like they are being swallowed up by their debt. This may include money owed to the CRA, or maybe it doesn’t, but most commonly it does include credit card debt. No matter who the debtor is if you are behind in payments, they want their…
Perhaps you have been having difficulty paying a fairly large debt to the CRA and it has gone on for a while now. You haven’t been able to come to a satisfactory agreement with the tax department in order to deal with your tax responsibility. Basically, you have just thrown up your hands…
Anyone in accounting or its related fields is constantly preaching to tax payers to be very cautious as to who they are giving their personal information to, and this includes those that they are using for their tax preparation. Many people who have simple tax returns, or do not use an accountant will rely on…
We have seen over the past year at what attempts the CRA has been making at trying to put themselves in a good light in the general public’s eyes. The government in general spends a lot of money on their what we would call promo or “pat me on the back” advertising. Of course…
We are rolling into tax season and while you may hate the thought you maybe also thinking that you wish you had a way to reduce your tax burden. Is this just wishful thinking or could it become a reality? A lot of people really can reduce some of their tax obligations if they…
Communication is highly important with your spouse in all areas of your relationship. Now spending an evening doing your taxes together isn’t what you would call a romantic evening but it really is a necessity and it could help to introduce you each to a little bit about tax planning. When you only had to…
