Perhaps you consider yourself as a small business entity and as such don’t feel that you qualify or even need a Toronto Accountant. It is not unusual for a small business to just assume that they can tend to their tax matters at the end of their fiscal year, by providing the necessary figures to…
Some Ontario tax payers become so concerned about not paying their taxes properly that they wonder if they should be paying tax instalments. Often these are the people who never end up owing taxes, but are always concerned if there is any change in their income that they will be hit with a big bill…
So you are a taxi driver, and just like any other working person you know you have to pay taxes. Unfortunately in your line of work your tax return may not be so simple as a regular office or laborer tax return would be perhaps. Not every taxi driving position is the same so…
If you are a real estate agent probably one of the most complex deals you have to face is dealing with your Canadian tax return at the end of the year. While the CRA has made some attempts to steer you in the right direction you most likely still find yourself becoming quite frustrated over…
It really is quite nice to be your own boss and be able to call the shots as to how many hours you are going to work and when. If earning money is a responsibility that you have then you will find the world of self-employment does come with a lot of obligations. One of…
Lots of people take a look at real estate as an investment and in the past few years the area of interest has been in buying condos. For many the thought has been to buy these when the market is a buyer’s market and then sell or “flip” them when it becomes a seller’s market.…
Any Canadian that has done, is doing, or thinking about offshore investments and incomes, has no doubt been following the news in the recent months. Nobody wants to give a thought to their name showing up on some file that is listing those with offshore investments that may be questionable. The CRA has been moving…
As a general rule there are three topics of conversation that most people like to stay away from. These are death, taxes and religion. While religion can certainly be left up to the individual unfortunately death and taxes are two issues that will have an impact on others besides an individual. There comes a time…
Typically if you want to work in Canada or have access to government programs and benefits it is necessary to apply for a Social Insurance Number (SIN). The SIN program is governed by sections 138 to 141 of the Employment Insurance Act and Section 89 of the Employment Insurance Regulations. The SIN is a 9…
Most of as Canadian tax payers just follow the laws of the land and in many cases outside of knowing about our supreme leader being the Prime Minister we tend not to pay too much attention to the other authority figures, like the leader of the CRA, for example. As Canadian citizens though, responsible…
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