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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…
Perhaps you have had questions to some Canada Tax issues and you have resorted to the internet to find the answers. This is a great resource but one you need to use with caution. There are tons of accounting articles and information available to you but you really need to know something about the source that is…
As a Canada tax payer at some point in time we have all seen those nifty little bulletins that are available concerning the Canada Tax system. They were designed to help us understand the tax laws that we are subjected to. The problem is that many people who have no real understanding of financial…
As a senior in Canada you just may be wondering where you fit into the tax system when it comes to paying or receiving at the end of the tax year. While the Canada tax system has a lot of information support it often doesn’t make it any easier to understand. For this reason a lot of…
Service Changes The Canada Revenue Agency has ended payment and enquiry counter services at the Toronto North Tax Services office effective October 1, 2013. Previously you could go in to the tax service office and make a payment on account of taxes or arrears and drop off any federal tax returns or information…
It is an easy trap to fall into when you are in a self employed situation to mix your personal finances with your business finances. While this may seem like an innocent thing to do and means a lot less bookkeeping, it can also be a very dangerous situation to be in financially. To begin…
