It is quite commonplace to focus the majority of our attention on the Federal government because we just assume that the Ontario provincial tax lawmakers will follow in their footsteps. For the most part this is true, but they do put their own plan of actions in place that focus on what they are facing…
Many people find that they are no longer able to get the medical treatment they need within their geographical area. It often means having to travel quite a distance to obtain the necessary care. Part of this has been due to cutbacks in medical services as well as a shortage of Canadian specialists. It…
The virtual world of computers really is a world of its own, and what would a world be without money? Not to worry though, because this realm has its own currency called bitcoins. If you are already familiar with them and have been doing online transactions with them, then be prepared to reveal this to…
For many tax payers they really don’t understand the legal context of what bartering is. Putting it in good old layman’s terms it simple means exchanging goods or services for other goods or services. For example, you may be an electrician, and you offer your services free to a plumber who in turn offers his…
With the aging population of Canada which is as a result of the era of the baby boomers individual Canada tax payers are reaching a point where they are being hit with a lot more medical expenses that are not covered by their Insurance plans. These out of pocket medical expenses can put a real strain on…
We all know that we live in a world of technology, and it certainly has it’s perks, but it can also have it down falls too. As you may be aware the CRA has really been pushing towards automation in the last little while. If it can be done by a computer then they…
Everyone is getting revved up for the upcoming holiday season, and once November ends it seems like none stop activities. Then before you know it the New Year has arrived and its back to business. Now is the time you may be seeking out a Toronto accountant if you don’t already have one. For many people…
Many times new business owners believe that when they go to buy items needed for their business that they can use these as an expense write off for their business taxes. They make huge investments then when they sit down with their Toronto accountant they are shocked to discover that they are only allowed to claim…
If you are well before the age of 65 you probably don’t give much thought to your pensionable earnings. It may seem like a long way off, but before you know it all of a sudden you are ready to start collecting your Canada Pension Plan. However, you really aren’t quite clear on how much…
Almost every Canadian tax payer has at least a few small complaints about the country’s tax system but mostly it’s because nobody likes the thought of having to pay it. There are also many that really believe our system is totally unfair, and this is not only the thoughts of the business person, but personal…
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.