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There are usually three main topics that people don’t like to talk about, 1) death, 2) taxes, and 3) religion. The main reason is nobody likes to even think about death, they figure there is nothing they can do about taxes, and religion is too controversial. There has to be a fourth added…
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It has become such a tradition for many of us to start off a New Year with a definite plan for changes for the better. We make note of these by making New Year’s resolutions. These usually focus around changes that we want to make to our current lifestyles. If you really want…
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As another year draws to a close we here at TorontoAccountant.CA wanted to take some time to wish all of our clients a warm and happy holiday, and also extend this to the many of you who visit our site. We appreciate your business and look forward to serving you again in this upcoming year.…
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As we come to the end of the year and reflect back on it, in some cases we have no choice but to carry forward some of the circumstances we found ourselves in during the year, like our tax implications, for example. We have no choice but to formally address our previous year’s tax situation…
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First you want to know that you can either call this new tax incentive the family tax cut or you may want to refer to it as income splitting. Either way it is only going to be applicable to some. So, for those who can take advantage of it then it is a good thing,…
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So, you have bought a house and it is in your name. It was intended to be the house that you were going to live in, but things changed and you decided that you would like to let your parents live in it as you are travelling all of the time and only need a…
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Many people take great comfort in having a will drawn up so their loved ones are financially protected once they are gone. Usually these legal documents are done and then stored away and forgotten about. They could be sitting this way for many years to come. Do the contents become outdated in respect to what…
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Most of like to keep our tax responsibilities above board and compliant with the law, however there are times that we may be tempted to cheat just a little bit. It may be that someone has offered to perform a service for you for cash only but with no taxes. Or you may…
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We all know that tax is a very personal affair, and when it comes tax time we usually like to go off by ourselves and get on with the task at hand. We are focusing on what works best concerning our tax situation, but we might be forgetting that what is happening with our…
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There is no doubt that a lot more average tax payers are seeking out the services of good tax accountants. There are many reasons for this. Some people feel that their tax burdens are so significant that they need to rely on professional advice. Others have run into tax matters that they are not…
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