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You go out to work every day and you know that your employer has certain obligations when it comes to paying you each week. Your boss has to follow the CRA tax rules for payroll. You have to hire a baby sitter every day for the children so does this make you an employer too?…
There is still a week or two left that you could use to make some beneficial tax decisions to finish off the year right so you are going to be able to get from any potential tax breaks. Deciding how your company pays you: As the owner of your company you may be at…
Yes, as soon as the festivities are over you are going to be entering into a new tax year, which means you have to start planning for your tax return. You may find yourself in a variety of situations. Perhaps you have a good accountant so you are in good shape. In the…
In one of our recent posts we highlighted some of the 2013 tax events, and said we would expand on some of these so you can make sure that you keep them in mind moving forward to the new year. One of the tax events that we mentioned was the Family Caregiver tax credit that the government…
You may not even be aware of what Canada tax payer relief is. This is where the tax department may be forgiving on penalties and interests that have gathered because of taxes owed and not paid. The Canadian government realizes that there are times where a tax payer can fall upon hard times that could…
It may seem a little strange to refer to tax as a tax budget, but it really is in reference to being tax conscious and using a little strategic tax planning. During the holiday season many businesses have a lot more expenses. There is extra client entertaining, office parties to cover the costs of, business…
If you are self employed or have a small unincorporated business you still have to file a tax return as it relates to your business. Hopefully you have either followed good record keeping practices or you have utilized bookkeeping services. These are the records that your Toronto accountant will need to do your taxes…
Whenever there is a point of contention amongst the tax laws or some new proposed change that is in the works naturally it’s the government who is in the spotlight. Then once they have had their say the taxpayers will come back with their viewpoints. Usually by way of the business sector. So…
