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There is no shortage of things to think about as the year 2020 is about to come to an end. The pandemic is the priority for most and the great deal of stress it has created for every individual. However, even a pandemic does not remove the responsibility of having to file the year-end taxes.…
Not every business is started with the intention of making money for profit. There are many individuals who want to set up charitable organizations, or non profit businesses. While these sound like one and the same thing, the CRA does not categorize them as such. While there are many differences in the way…
A while back there was a lot of talk about the CRA clamping down on charities as there were indications that this particular tax break was being abused. So what is happening recently with this issue? Many people are concerned about the charities they are contributing to because they want their donations to be…
Most businesses that are in operation want to ensure they use a tax accountant to help them file their taxes properly, and at the same time ensure they are getting all the potential tax breaks that they qualify for. Charitable organizations have to view their company just like any other business and in some…
