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Many more people have made the decision to start using an accountant now than before. The tax laws have become more complicated and more people are becoming pro-active in trying to take advantage of any potential tax credits that may be available to them. This applies to both businesses and the personal sector. One of…
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It doesn’t seem to take long before what is commonly called the golden years arrive. Technically these are you retirement years. These are the ones where you no longer have to get up every morning and head off to work. Now is the time for those lazy days of fishing or golf, or…
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With the recent election soon coming to an end many voters are looking at the party platforms in regards to the implications that each party will generate on the tax scene. Tax hikes: The Liberals really want to focus on the transit infrastructure so their plan is to raise 1.3 billion on the tax front…
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As much as we wish that tax was not something that we had to pay it is a reality, so rather than looking at it with distaste and dreading that tax time of year, perhaps a different approach will make it an easier task in more ways than one. Know where you stand with your…
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As an employer you have a lot of responsibilities to both your employees and the CRA when it comes to payroll and the necessary deductions. It is not something that you can do without being cautious and ensuring that it is done right. One of these deductions is the Canada Pension Plan, and when errors…
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When it comes to taxes normally we are just interested in how it affects us on an individual basis. Basically we want to know what we owe the tax department at the end of the year, get it paid, and move onto the next year. For some though it means maybe getting a bit back…
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When it comes to your taxes really all you want to be concerned about is how much you have to pay and getting your tax return in on time. At least that is the big focus during tax season. The rest of the year you may relax a little and from time to time…
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Almost every parent starts thinking about the education requirements for their little ones well before the little one is ready for school. Most often this also comes with concerns as to how they will be able to afford it. The first thought may be to simply open a separate bank account such as…
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As an employer you are probably well aware of your obligations for making the proper deductions from employee’s wages which in turn have to be submitted to the proper government department. These are deductions such as CPP and EI contributions as well as tax. What you may not be aware of is there…
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Quite often new business owners become overwhelmed with the administrative sector of the business in regards to their new obligations as a Company to the Canadian Government. Perhaps going into the business they assumed that yes there would be tax filings to be done at the end of the year, but this would only present a week…
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