CALL NOW FOR CONSULTATION!
416-398-1700
As a Canadian tax payer you know that the ultimate responsibility of filing and paying your taxes rests entirely with you. Now for those with a very simple tax return this may not be that much of a challenge. Unfortunately there are many couples with families or those who also own small business, or are…
Details
For the average tax payer what they tend to focus on when it comes to their tax situation is how much they made and how much tax do they owe on this. Then they go about having their tax returns completed and hope they don’t have to write a cheque to the tax department to…
Details
As usual, the Canada tax government has a deadline in place which is nothing new. In this case it is the deadline for taxpayer relief. Now this one isn’t so bad, because all it means is that if you are wanting to apply for this government program you can only carry back your…
Details
It is that time of year where the little ones are putting pen to paper or most likely fingers to the keyboard in preparation for their letter to Santa. These youngsters have a task at hand to write out their Christmas wish list in the hopes that Santa is going to bring them at…
Details
If you have received some type of correspondence from the CRA and haven’t a clue of what it is saying, don’t think that it’s just you who is experiencing this because there are tons of tax payers in the same boat. In fact, quite often when a follow up is made to try and…
Details
It doesn’t matter whether you have a new business, an established one, or are even thinking of starting one, you need a well thought out business plan in order for it to succeed. New business: You at least had to do some pre planning to get your business established. You had to go through…
Details
If you have ever run into a tax problem when you ended up falling behind in paying the CRA money that you owed it, then you are well aware of the stress and hassle you went through to get the problem rectified. Chances are you ended up paying penalties or interest or both. …
Details
As a year comes to a close many business owners begin to think about the Company and how it will fare in the upcoming year. The last few years in Canada have been tough on business with a not so great economy. Some smaller businesses got started and struggled under a sole proprietorship or…
Details
Nobody likes to think of their death, but when that time does come most want to know that their assets and all their belongings that they have worked so hard for over the years is going to end up belonging to the people they care for most. Then there are others who figure that…
Details
One of the most common types of investments that individuals used to make in the past was to purchase a second home with the thoughts of renting it out to make some short term income. They also viewed it as a potentially good long term investment with the hopes that the value of the…
Details
