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    • Menu iconCorporate TAX
      • Corporate Tax Services
      • Toronto Tax Planning
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      • EFILE or Electronic Tax Returns
      • Paper Filing Tax Returns
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        • Canada Tax Planning for the Average Family
      • EFILE or Electronic Filing of Tax Returns
      • CRA mailing address for Tax Returns
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      • Why You Need to File Your Overdue Returns Tax Accounts
      • Do You Understand the Requirements for the Canadian Voluntary Disclosure Program?
      • What is CRA Demand to File Notice
    • Menu iconCanada TAX
      • Ready for a Change
      • Federal Tax Canada
      • Provincial Tax Canada
        • Keeping an Eye on the Ontario Provincial Tax
      • GST/HST Tax Canada
      • Educational Videos
      • Business Tips from a Toronto Accountant
    • Menu iconBookkeeping
      • Bookkeeping Services for Toronto
      • Accounts Receivable Bookkeeping
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        • How Complex Are Your Canada Tax Payroll Obligations?
    • Menu iconBusiness Consulting
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July 2020

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  3. July

Your Tax Mistakes Can Cost You

CRA collectionsBy Sam SeidmanJuly 17, 2020Leave a comment

The pandemic that has stricken Canada along with many other parts of the world had caused financial turmoil for a lot of people. While most Canadians have filed their taxes a lot did so in a rushed way as they had so many other things on their mind. This raises the question were any mistakes…

Putting Your Money To Work For You

InvestingBy Sam SeidmanJuly 15, 2020Leave a comment

The title of this article speaks for itself. Who wouldn’t want to make money effortlessly? While not everyone’s focus in life is money, we all need a certain amount to live, period.  Our character, lifestyle, and wants versus needs determine how much money we will require.  Moving beyond that, the majority of people want to…

What Students Need to Know About the CESB

Summer jobsBy Sam SeidmanJuly 13, 2020Leave a comment

COVID-19 has affected all walks of life in every country where it has hit which is the majority of them. Among those affected are students. Many students have become overwhelmed on several different levels. They are uncertain as to what is going to happen to their education in the short term which could have a…

work at home expenses

Claiming Work At Home Expenses

Work expensesBy Sam SeidmanJuly 10, 2020Leave a comment

This section is about working at home. NOT running a business from home. There are many parts of the income tax act that the majority of people just don’t understand. When it comes to doing their taxes they just follow the forms they are expected to fill out. Thinking that everything they are entitled to…

using credit cards

Credit Card Mistakes to Avoid

Credit cardsBy Sam SeidmanJuly 10, 2020Leave a comment

Almost everyone has at least one credit card, and there are many more that have several. When they first get them they are excited at being able to have extra resources to be able to make purchases with other than with having cash. Soon after that joy can turn to disappointment and frustration because there…

stock market

Should You Invest in Real Estate or Stocks?

InvestmentsBy Sam SeidmanJuly 6, 2020Leave a comment

For many, they are not thinking about any type of investments due to the uncertainty of the pandemic. It is a volatile time and this can be seen with the way that the stock market in fluctuating. However, during bad times many investors have been extremely successful with some of their business investments. What To…

Getting Ready for the COVID-19 Aftermath

FinancesBy Sam SeidmanJuly 3, 2020Leave a comment

When the virus struck it affected people on many different levels. The first priority being to protect their health so they would not contract this deadly virus. This led to some major changes like working from home on reduced hours or being temporarily laid off. The Canadian government did come to the immediate rescue as…

mortgage

Should You Use A Mortgage Broker or A Bank?

Mortgage ratesBy Sam SeidmanJuly 1, 2020Leave a comment

If you are going to buy a house chances are you are going to need a mortgage. For those that are new to this type of financing, it can be a little confusing. For this reason, most will go to their bank where they feel comfortable arranging finances. But, there is another option and that…

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