As Canadian tax payers we are constantly hearing about all the great tax breaks our Government is affording us. Yet as individuals we really don’t see anything significant that is perhaps making a major change to our particular tax status. Part of the reason we don’t realize this is because preparing your taxes can be…
Newcomers to Toronto certainly do find it an exciting adventure to be living in a city such as Toronto that is so well known and favored by many as the best place in Canada to live. No matter what country of origin the newcomer is from, there is a certain level of adjustments to be…
It is the time of year where many young people are now leaving the classroom for the last time and are about to enter the working world as young adults. They have spent years preparing for this day, but what they may not be prepared for is along with their new freedom of being…
When the average Canadian tax payer is attending to their tax matters and filing their Canada tax yearly returns they often refer to the standard guidelines and bulletins that are freely given away by the CRA. These are pretty basic and work well for direction as to how to fill out the tax forms. The problem is…
It is not uncommon for those that are self employed to think that they don’t earn enough income or that their business is not big enough to utilize the services of a Toronto chartered accountant. Most everyone has to pay taxes, and even what may appear to be the most simple tax return can…
Many students in Ontario really want to work during the summer months to help pay for the following year’s tuition. The problem is if they are living at home they just aren’t sure how their income may affect their parents and their taxes. To help clear up some of the misconceptions and answer some…
There is always some new tax term that comes about and a lot of people really don’t have a full understanding of it. For example they hear the term OTB now relating to Ontario taxes and many ignore what it really is. To start with it’s a potential tax credit for those who are eligible…
The Canada Revenue Agency (CRA) makes every effort to put out bulletins and pamphlets for individuals and businesses to better understand the tax laws, and the public’s obligations to these laws. Like any rules and regulations the actual laws for taxation in Canada are complex and difficult to understand for the general public. This is…
Sam, Seidman is a Chartered Toronto Accountant that has been serving the personal and business tax needs of those living in Toronto and the surrounding area for many years. He has become known for his experience, expertise and fair pricing. To assist those in need of Toronto accounting services, he has provided answers to some…
Having resources such as guides to turn to when it comes to running a business is a valuable resource but what has to be remembered is that this type of additional help is an extra resource and should only be relied on as partial help. The same holds true for the Small Business Tax Guide…
