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It almost seems like every Political party feels that they have to come up with some new and unique idea to make a mark for themselves. With our current Ontario Liberal government the new buzz is going to be around their potential planning for a new old age pension for Ontarians. They are promoting it…
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It is usually around tax time that we give the most thought to our tax dollars that we have to contribute and often it is because we realize at this time just how much we have contributed throughout the year, or we have to pay even more and this is not pleasant. It might help…
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A lot of people are becoming more pro-active in finding legal ways of trying to reduce their tax obligations. There are many ways that they can go about this. Also, it is becoming more important to implement some financial planning strategies that not only include your taxes but help to save money in…
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As a home owner you already know that there is no end to having to put out money to keep it in good condition. As a tax payer you also know that you have certain obligations to this level of government even if it means you don’t have to pay taxes but might be…
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Well now that election is over and we seem to be right back where we started from, the Liberals have stepped forth with the same basic budget that forced the election to begin with. Of course everyone wants to know what the final word is going to be on the tax situation. It would…
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Owing money to the tax department is not a pleasant situation to be in, however there are many that do find themselves in this predicament. There can be a number of reasons as to why this has happened but one thing is for sure and that is the CRA will do whatever is necessary…
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Congratulations on starting a new small business Like the Tax Story I am about to tell you below using the infographic, you have decided to start a new small business. There are a number of decisions you have to make when you start a new business. Should you incorporate or do you operate…
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Canada is a great country to live in we have 10 Provinces and 3 Territories. However as a Canadian resident there are many taxes which you will pay and the rate and amounts will depend on which Province in Canada you live in as well as how good your tax planning is to ensure that…
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Gosh, it’s the warm weather and time of year to think about entertaining and vacations, not taxes! Not many of us are happy at tax time when we see how much money we have had to contribute or may still owe. However, at least when the filing is over and done for the…
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We are all tempted on occasion to accept a deal where we don’t have to pay any taxes. Most often we run into situations where we need things done around the home, and the budget is pretty tight. Then someone offers to do the repair or renovation on a cash basis and this seems to…
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