Most of us have experienced the last minute shopping rush for the Christmas season and make a vow that next year we will get our shopping done early. Sticking with this plan can help with more than just avoiding the crowded shopping malls and disappointments of sold out items. Many business owners like to acknowledge…
A lot of young people throughout the Toronto area and even the country itself have dreams of one day owning their own business. There are many things that can hold them back ranging from finances to not enough experience, and in some cases even the Canada tax regulations. Before letting the business tax implications…
What may have started as a small home business may now be leading you to making a decision as to whether it is time to find a new location. There can be a lot of reasons as to why you are in this position. It may be that you need a better quality professional…
It is often a common thought for Canadian business owners that only the very large Corporations fare well with tax credits and incentives. Perhaps this was the case in the past but the Canadian Government has come to realize that the small business owners can play a critical role in the growth of the economy.…
It certainly seems like the opposing parties of the Government are trying to woo the public with the best tax breaks that are going to hopefully award them a few extra votes when it becomes next election time. While doing this it is at the same time stirring up some real controversy. The one…
Perhaps you are one of those tax payers that have applied for taxpayer relief, and you have anxiously been waiting weeks for a decision. As much as you dread calling the CRA you really want to know the status of your relief application, so you make the call. You then discover that your application has…
Perhaps you made a move this year so you could find new employment. Or maybe your employer had you locate. Then again it could be that you are a student and have changed your residence to be closer to your educational institution. Any of the reasons for moving could have an affect on your…
This is also known as a notional assessment or involuntary Canada Revenue Agency (CRA) tax assessment. If you have not filed your taxes on time then you could possibly be the receiver of one of these types of assessments. Basically it means if you haven’t filed your tax return then the CRA will complete the…
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