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As an employee you are well aware that you pay into the employment insurance program. It does give you some comfort in knowing that should you ever be out of work that you will at least have some dollars to help you through. For many they go through years of paying into this fund, and…
It seems like every time we turn around here in Canada that we are paying some sort of tax, and perhaps many of us feel like we are being taxed to death. Sometimes it doesn’t hurt to look at what the tax situation is like in other countries. For some they are only interested in…
As Canadian tax payers one thing we do know for sure is that at some point in time we all will most likely have to pay some amount of tax. In most cases most of us don’t pay much attention to what our Canada tax system is really all about, and when it is…
Before you can even determine if being a taxi driver has any tax advantages you have to determine if you are classed as a transportation employee, or are you a self employed individual. Each of these circumstances have some benefits and drawbacks to them regarding your tax situation. Remaining simply as an employee puts…
One of the biggest issues that many small to medium businesses face is, non compliance problems with the Canada Revenue Agency. Often these are not intentional but are as the result of lack of knowledge or proper administrative procedures. It could include not keeping the proper books and records or incorrect receipts. …
Sometimes tackling your tax obligations can put you in a situation where knowing a little can get you into more trouble than not knowing anything. You may have some basic understanding about some tax matters like transferring property so you can lower your tax obligations, but you don’t have enough knowledge to know that this…
Anytime you want to know what the CRA has to say about tax matters you can always refer to their website. There is tons of information to be found here, and there is no doubt that they are using as much modern technology as possible to keep the public informed. They have even…
More and more people have taken up the operation of a small business from the confines of their home, and more often than not they do this through a website, which is often a E-commerce site. Some do this thinking that because their business is primarily conducted online that it is not subject to…
