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For quite some time many online business owners felt that the Canada tax rules and regulations were not applicable to their online business dealings. The CRA never lets anything go past that could possibly generate tax revenue, and of course it didn’t take long for them to start to get some specific regulations in…
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What may have started as a small home business may now be leading you to making a decision as to whether it is time to find a new location. There can be a lot of reasons as to why you are in this position. It may be that you need a better quality professional…
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It is often a common thought for Canadian business owners that only the very large Corporations fare well with tax credits and incentives. Perhaps this was the case in the past but the Canadian Government has come to realize that the small business owners can play a critical role in the growth of the economy.…
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Not every business is started with the intention of making money for profit. There are many individuals who want to set up charitable organizations, or non profit businesses. While these sound like one and the same thing, the CRA does not categorize them as such. While there are many differences in the way…
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It certainly seems like the opposing parties of the Government are trying to woo the public with the best tax breaks that are going to hopefully award them a few extra votes when it becomes next election time. While doing this it is at the same time stirring up some real controversy. The one…
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In today’s job economy a lot of people are taking on commission type jobs. By doing so they often run up a certain amount of expenses in order to earn the money that the commission will be based on. If the individual in this situation is not fully aware of which type of expenses…
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Every business that has employees knows that they have the tax responsibility of not only paying wages but making all of the other government required deductions. You are required to hold back the portion of taxes owed on each employee’s wages, plus their CPP and EI contributions. On your part you also have the employer’s…
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Most of complain about the tax system as it pertains to us personally. Some feel that for the family where both adults are working that they are taxed unfairly. Others feel that there are just not enough tax breaks for the single person. Then the business sector feels that the taxes are too high…
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A lot of people now are on the road and their office is typically their computer it’s either a Tablet, smartphone or maybe a laptop. If you are self employed or have a corporation you should be maintaining proper accounting records. However, most people don’t have the time or the patience to record things and…
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Usually as tax payers we only expect to see any potential tax changes for the better when it comes around election time for our Government leaders. It comes as a surprise that Prime Minister Stephen Harper appears to be planning to go ahead with a significant tax change which relates to income splitting. Some…
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