CALL NOW FOR CONSULTATION!
416-398-1700
As Canadians we all do our fair share of moaning about the taxes we are expected to pay. For those that own their own business there is a double whammy. They have both the business tax as well as their personal tax to deal with. When it comes to taxes though are we…
We all like to hear about tax cuts but often when it is focused around business breaks the personal tax payer becomes frustrated. As we have mentioned before, often during an election taxes will become part of the different politician’s platforms, and sure enough for the latest Ontario Provincial election it has come to the…
When an individual gets behind in their taxes, it is not uncommon for a bad situation to get worse. Perhaps you didn’t file on time, and you had all the best intentions in the world of getting this matter attended to shortly after the tax deadline passed. You may have even scheduled into your roster…
Foreign Income Verification Statement Question on T1 General Tax Return, T2 Corporate Return and T3 Trust Returns When you complete your Personal Income tax return for Canada there is a question on the front of the return which asks “Did you own or hold foreign property at any time in 2012 with…
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…
We all know when its tax time that we need to set out finding a professional that can help us with this in most cases. All of a sudden you see lots of temporary offices opening up offering to do you taxes or a bunch of new ads appear in the local newspapers. When it…
You are a small business owner in Toronto and you know you are in need of accounting services. Just what you need in this department you are not quite sure of. You want to hire a Toronto Accountant but aren’t sure whether you need a Toronto Chartered Accountant or a General Accountant. When it comes…
Stop International Tax Evasion Program One of the items proposed in yesterdays budget by The Honourable Jim Flaherty, Minister of Finance, is to launch the Stop International Tax Evasion Program under which it will pay rewards of up to 15% of the federal tax collected to individuals with knowledge of major international tax non-compliance…
