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In a recent article we touched on the CRA highlights for 2013. One of these was the pat on the back the Harper Government gave themselves in regards to Canadian seniors and taxes. Let’s take a look at these and see if this self praise is well deserved or not. Old Age credit: This has…
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In one of our recent posts we highlighted some of the 2013 tax events, and said we would expand on some of these so you can make sure that you keep them in mind moving forward to the new year. One of the tax events that we mentioned was the Family Caregiver tax credit that the government…
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Most people have a certain level of fear when it comes to the CRA, especially if they are behind in their taxes. Often this fear can lead a taxpayer into deeper trouble. Instead of facing their late tax issues head on, they choose to ignore the Canada tax department. There are many different thoughts that can…
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It is hard to believe that another year is almost over and the festive season is upon us. We here at Toronto Accountant would like to take the opportunity to extend our Thanks to all of our valued clients that we have had the pleasure of serving throughout 2013. We would also at this time…
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As one year draws to a close and another one is about to begin, many people like to reflect back on important events that have taken place throughout the year that could have an effect on their lifestyle. The Canada tax is one of these and is important to any Canadian tax payer. So what were the…
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You may not even be aware of what Canada tax payer relief is. This is where the tax department may be forgiving on penalties and interests that have gathered because of taxes owed and not paid. The Canadian government realizes that there are times where a tax payer can fall upon hard times that could…
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Christmas certainly is the time for giving but sometimes good deals come from where you least expect it. As businesses there are just some expenses that you have that you just never seem to get any breaks on. Hopefully you have a good Toronto accountant that provides you with quality yet affordable accounting services. …
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It may seem a little strange to refer to tax as a tax budget, but it really is in reference to being tax conscious and using a little strategic tax planning. During the holiday season many businesses have a lot more expenses. There is extra client entertaining, office parties to cover the costs of, business…
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If you are self employed or have a small unincorporated business you still have to file a tax return as it relates to your business. Hopefully you have either followed good record keeping practices or you have utilized bookkeeping services. These are the records that your Toronto accountant will need to do your taxes…
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Whenever there is a point of contention amongst the tax laws or some new proposed change that is in the works naturally it’s the government who is in the spotlight. Then once they have had their say the taxpayers will come back with their viewpoints. Usually by way of the business sector. So…
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