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Being divorced, separated, married or living common law all has a direct effect on your tax obligations. There are so many rules and regulations and explanations that apply to each of these situations that the CRA has actually created a guide for assistance for those that receive or pay support payments under a court order.…
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If you have ever attempted to do your own tax return then you found there are a multitude of lines that have to be filled out and half of them you are not sure if they are applicable to you. Then along with this, are perhaps several other forms that you have to calculate to…
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Many times individuals that are no longer an employee start up a small at home business for themselves and don’t realize that technically they now have become self employed. This puts them in an entirely different tax position. You now have a whole gambit of potential business responsibilities that you are not familiar with.…
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You are always hearing about tax credits which could make you feel a little better about having to pay taxes. The problem is you are only aware of maybe a few basic ones and you aren’t quite sure if there are any others that would be of benefit to you. The first thing you…
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In several posts we have talked about the CRA’s measures for cracking down on tax evasion through Offshore investments. Back in the spring of 2013 the Harper Government announced that they were going to put several steps in place to crack down on tax evasion and aggressive tax avoidance. Now included in these steps is…
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Small business compliance for Canadian businesses means meeting your business’s tax obligations by complying with the tax rules and regulations that the Canada tax department has implemented. While most business owners have no problems accepting their tax responsibilities they are often challenged with the complexity surrounding the tax laws. As a result they can end…
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A Canadian tax payer has many different potential tax credits available to them, but in order to receive these they have to qualify for each one according to the regulations that govern them. Included in these are donations to charities which do not include the gift of money but other items of worth. For example,…
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Many businesses had a difficult time during the ice storm, and are still trying to recoup from both the potential physical damage it may have caused to their establishments, as well as playing havoc with the operation and administrative sectors of their business. For some that had tax obligations to attend to through this time…
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There are a lot of people that work from home, and have a small business on the side. A lot of women enjoy selling products on a commission basic like Arbonne or Avon. For those that are really enthusiastic about this they can make themselves some decent money. However, it also puts them into a different tax…
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It used to be that students never really had to give much thought to taxes until they were ready to join the working world once they completed school. Now with the economy the way it is, and many families not being able to afford the high cost of education, many students have to find part…
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