As Canadian tax payers one thing we do know for sure is that at some point in time we all will most likely have to pay some amount of tax. In most cases most of us don’t pay much attention to what our Canada tax system is really all about, and when it is…
One of the biggest issues that many small to medium businesses face is, non compliance problems with the Canada Revenue Agency. Often these are not intentional but are as the result of lack of knowledge or proper administrative procedures. It could include not keeping the proper books and records or incorrect receipts. …
Sometimes tackling your tax obligations can put you in a situation where knowing a little can get you into more trouble than not knowing anything. You may have some basic understanding about some tax matters like transferring property so you can lower your tax obligations, but you don’t have enough knowledge to know that this…
We live in a world of technology so it should not come as a surprise that some form of what some call virtual money, would eventually show up. Even if your business has not become involved in digital currency transactions as of yet you probably have heard of Bitcoins. Naturally if the CRA thinks that…
The older people get usually the better it gets financially. The family has basically grown up and become self sufficient, in most cases. All of the major items need for reasonable living have been purchased and long paid for. Now is the time to think about enjoying life a little more, but…
We all complain about having to pay taxes, yet we know that it is necessary if we are going to be able to maintain our beautiful country and keep it as a wonderful place to live and work. While we may seem hard done by and some say we are taxed to death, how…
You may be thinking that with all the bills that you have to pay and the everyday expenses you face, and the fact that you are an average income earner, that you will never have to be concerned about capital gains. A lot of people that normally do their own income taxes don’t even give…
If you are looking for a new place to live such as a different province then you may want to review the benefits of your potential choices carefully. If your priority is for residential purposes then you will have one specific type of wants and needs . If you are also looking at re-locating…
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