There is an old adage that there are two certainties in life which are death and taxes. What is not debatable is the notion that if you try to cheat the taxman out of his/her money it will lead to nothing good. There are few good reasons for filing your taxes on time, especially if…
In today’s age of unlimited and very cheap credit many wonder if they are really bound by agreements to repay. The question often asked is simply “what happens if I walk away from my debts?” The answer will come as a shock for most reasonable people. Not much. Now, that answer certainly requires some explanation.…
Should we be concerned about the staggering amount of debt that the province is currently holding on its books? Based on the numbers it is without doubt something we should keep a very close eye on. The provinces Financial Accountability officer says that the Liberal promise to balance the books by 2017-2018 is…
A new report issued by credit monitoring firm TransUnion suggests that Canadian have greatly increased their personal debt load over the past few years with an increase of about 2.7 percent in 2015 alone. Personal debt for Canadians averages out to approximately $21.348.00 dollars per person and that number does NOT include mortgage debt.…
In a move you would expect to happen in other countries with a longer history of corruption and cronyism the CRA has come under fire for the handling of a scandal involving accounting firm KPMG. It would appear that the Freedom of Information Act requests for details by CBC on alleged scandal the have been…
Every once in awhile we see some news coverage about the huge amounts of money that some doctors are making. It is important to note the word SOME here, as not all doctors are raking in huge sums of money. Keeping this in mind it is really important to follow the negotiations of fees…
The Feds have fired another shot across the bow of Big Tobacco in an effort to reduce the amount of kids who begin smoking. In an effort to improve on the idea of banning flavoured tobacco which was enacted under legislation by the then Conservative Government in late 2009, the Feds have now said…
It was made perfectly clear on Friday that it will not be business as usual for transit in Toronto under the new Trudeau federal administration. An announcement was made that the Feds will kick in $840 million for Toronto to spend as they wish on existing or new public transportation initiatives. A welcome change from…
The advent and outstanding success of business themed social media sites like Linkedin has literally revolutionized the way we approach not only networking among other like-minded business people but the actual way we search for both work and employees for our businesses. There are very few employers these days that will not “creep” the profiles…
If you have a fairly straightforward income tax even though you may still consider this as a hassle to have to do your yearly returns, be thankful that it is no more complicated than that. If you have been placed in the position where you are an executor of an estate then you can be…
