When it comes to operating a small business in Toronto you have to be constantly thinking of how you can save on your tax obligations. While there are a lot of business tax incentives in place for small business it is not enough, and you have to learn to be legally creative with your tax…
If you have ever thought about buying or leasing a New electric car (BEV) or plug in hybrid vehicle (PHEV) now may be a great time to do so. One of the most obvious reasons for switching to electric is the savings in energy costs. Currently the price of a litre of regular gasoline…
There isn’t too much that we can take advantage of in today’s world at least in Canada that we can say is tax free. There are some such opportunities and it means seeking these out to see what kind of tax savings they can produce. One such potential opportunity is RRSP’s but there is also…
When you are operating a business in Toronto chances are you have wondered if any of the Ontario tax credits for business could help you reduce your tax burden in some way. Then again you may not even been aware of them. Making sure that you have a good Toronto Accountant for your business will help…
Your Taxes and Your Toronto Home Daycare Service Here at torontoaccountant.ca we are capable of helping you get all the tax breaks you qualify for with your daycare services. Running a home daycare service is something that many individuals will consider as a way of earning income. Many new Moms that want to stay at…
It is no secret that in order to make money you have to spend money. The complaint that going to work to try and earn income costs money is common, and sometimes these costs put a big bite into the take home pay cheque. A Toronto accountant can help you to determine if you qualify…
Now that the kids are out of school it’s great to be able to spend time with them, but it often means additional expenses when it comes to keeping them entertained. It could also mean having to provide care for them if both parents are working. So do any of these added expenses qualify for…
Many Canadian tax payers become quite frustrated with the tax system because of the concept that the more money you make, the more tax you have to pay. For those individuals that are real “go getters”, and are working many hours in order to generate a large amount of income they sometimes feel like they…
Just paying attention to your Canada tax situation when tax season rolls around, can end up costing you some tax credits. One of these could very well be a credit for your travel expenses that occur as a result of you having to travel in excess of 80 kilometers away from your home for medical…
