It is not uncommon for those that are self employed to think that they don’t earn enough income or that their business is not big enough to utilize the services of a Toronto chartered accountant. Most everyone has to pay taxes, and even what may appear to be the most simple tax return can…
Many students in Ontario really want to work during the summer months to help pay for the following year’s tuition. The problem is if they are living at home they just aren’t sure how their income may affect their parents and their taxes. To help clear up some of the misconceptions and answer some…
There is always some new tax term that comes about and a lot of people really don’t have a full understanding of it. For example they hear the term OTB now relating to Ontario taxes and many ignore what it really is. To start with it’s a potential tax credit for those who are eligible…
There are very few if any individuals who enjoy having to sit down to write a cheque to CRA for their end of year tax return. It really is important to stop and think about what you are actually writing a cheque for. It is easy to fall into a trap of taking our…
It is ironic that the average Canadian tax payer tries to be so vigilant on meeting their tax responsibilities yet the Canadian government lags behind in a commitment to join in world efforts to squash international tax evasion. Our counterparts such as Britain and Australia have managed to compile a list of offshore financial records…
The Canada Revenue Agency (CRA) makes every effort to put out bulletins and pamphlets for individuals and businesses to better understand the tax laws, and the public’s obligations to these laws. Like any rules and regulations the actual laws for taxation in Canada are complex and difficult to understand for the general public. This is…
Sam, Seidman is a Chartered Toronto Accountant that has been serving the personal and business tax needs of those living in Toronto and the surrounding area for many years. He has become known for his experience, expertise and fair pricing. To assist those in need of Toronto accounting services, he has provided answers to some…
We all know when its tax time that we need to set out finding a professional that can help us with this in most cases. All of a sudden you see lots of temporary offices opening up offering to do you taxes or a bunch of new ads appear in the local newspapers. When it…
Perhaps as a small business owner you have heard that you can file your taxes through e-filing. While it sounds quite simple and in some cases it is, it can still be time consuming. Ideally though, if you choose a quality Toronto accountant they will do the e-filing as part of their service. If you…
Having resources such as guides to turn to when it comes to running a business is a valuable resource but what has to be remembered is that this type of additional help is an extra resource and should only be relied on as partial help. The same holds true for the Small Business Tax Guide…
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