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You have finally mastered your tax obligations as a married couple, now everything changes because you have added a new little one to your family. You are now going to have to make some adjustments to the way you file your taxes and also you and your spouse will have some tax decisions to make.…
You may not have begun with the intentions of starting a part time business but an opportunity came along and you just couldn’t resist. Perhaps you are a crafts person and your finished products are becoming in demand where you have developed a market for them. Or maybe you have become the neighborhood…
A lot of time throughout life we get ourselves into trouble simply because we have developed some bad habits. While most of the time these aren’t too serious there are some that can cost us money without even realizing it. One of these areas is your taxes, and you may discover that once…
Some tax payers like to stay on top of what their favorite political party is doing on all issues and especially the tax front. Then there are others who don’t follow politics at all, and will only show some fleeting interest when a tax issue is brought forth in the media. Yet, most tax payers are not…
As a business owner your tax season has either ended or is drawing to an end. Some companies have a more stressful time than others at this time of year, and a lot of it has to do with being organized. Running a business even as the boss is time consuming and in many…
We all like to hear about tax cuts but often when it is focused around business breaks the personal tax payer becomes frustrated. As we have mentioned before, often during an election taxes will become part of the different politician’s platforms, and sure enough for the latest Ontario Provincial election it has come to the…
There are some people who consider themselves to be quite well versed in the Canadian tax programs, while there are others who openly confess they know almost nothing about tax other than they have an obligation to pay it. So if you fall into that category as to knowing nothing about taxes who should…
When it comes to paying your Canada tax, like most people you look at it as one lump payment obligation to the Government of Canada. What we often forget to remember is that our total tax payments are actually divided between two levels of government. We usually grumble about not only the fact that…
