CALL NOW FOR CONSULTATION!
416-398-1700
Most often small businesses that are thinking about incorporating their business will consider the potential tax breaks as their first priority. While this is important, other factors should be considered as well. It costs money to incorporate your Company and it takes a bit of a time commitment for this . Also, if you…
Details
When it comes to your taxes you don’t want any mistakes to occur with your filing, and at the same time you want all the savings you can get by way of lower rates, tax incentives and potential credits. To ensure that you are going to get this you have decided to turn to a…
Details
A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
Details
Being able to utilize the internet for both preparing your taxes and submitting them is a convenience to many, but to others it is not. For those that are comfortable with computers they see this as being the most efficient way for tax preparation and filing. Along with this resource can also come some real…
Details
You hear a lot of talk around tax time about the many incentives and different types of tax credits that you may be eligible for, and this may be one reason that spurs you on to getting your taxes done and over with. For those rare refundable tax credits it is really nice to…
Details
If you are trying to decipher the Canada Tax laws as a business owner then you may be quite overwhelmed with the number of forms that could possibly be applicable to your business like the T2 tax form, for example. You may also be of the mind that you are pretty good with figures and had…
Details
Perhaps as a small or new business entity you feel like you are being swallowed up in a mountain of paper. Even though you are computer savvy and you are using a ton of software for your business entity you still have a lot of hard copies of business papers to deal with. …
Details
In general as tax payers we just accept the goods and services tax as part of the expense of the majority of the purchases that we make. If we are selling something we often don’t know if we should be charging the GST/HST and it gets confusing. To add to this there are some goods and services…
Details
It may be that you are helping a few neighbors or friends out by providing them with daycare, and what you may not realize is that by doing so, you could be placing yourself in a self employment position that has specific tax implications. Don’t be surprised if at the end of the year…
Details
As a member of a family quite often you can end up becoming the caregiver of another family member in need, and this can leave you with an additional financial burden. There are some tax breaks that evolve around this type of situation. If the individual you are looking after is a dependant and…
Details
