If you have ever run into a tax problem when you ended up falling behind in paying the CRA money that you owed it, then you are well aware of the stress and hassle you went through to get the problem rectified. Chances are you ended up paying penalties or interest or both. …
Nobody likes to think of their death, but when that time does come most want to know that their assets and all their belongings that they have worked so hard for over the years is going to end up belonging to the people they care for most. Then there are others who figure that…
The first thing you may want to think about is why you should you become pro active with your taxes and to determine this you need to know how it will benefit you. It is not uncommon for most personal tax payers to basically leave their tax situation up to their circumstances. They don’t…
So you decided to open a small business and incorporated it. You figured it was to your best tax advantage, and had every intention of being able to use the small business tax credit. Then you discovered that the in the eyes of the CRA your business is considered to be a personal services…
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…
For quite some time many online business owners felt that the Canada tax rules and regulations were not applicable to their online business dealings. The CRA never lets anything go past that could possibly generate tax revenue, and of course it didn’t take long for them to start to get some specific regulations in…
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…
As Canadian tax payers we like to know the money that we pay to the government is being used in our best interests. While many of us may not favor the tax department, they still are a very necessary entity to the running of our Country. It is your tax dollars that go to the infrastructures throughout…
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