A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
Being able to utilize the internet for both preparing your taxes and submitting them is a convenience to many, but to others it is not. For those that are comfortable with computers they see this as being the most efficient way for tax preparation and filing. Along with this resource can also come some real…
You hear a lot of talk around tax time about the many incentives and different types of tax credits that you may be eligible for, and this may be one reason that spurs you on to getting your taxes done and over with. For those rare refundable tax credits it is really nice to…
As a trades person you may not be aware that you may be able to claim some of the tools that you bought to perform your work. Even though you are an employee as a tradesperson it could be that you were required to buy a few of your own tools. You want to…
When it really comes down to it we know that our tax dollars or at least a small portion of them are used to benefit us. It isn’t that we mind so much putting our hard earned money into the tax coffers, it’s the way that they are utilized that really gets to us.…
A while back you will remember that there was a lot of heat created over off shore investors who were enthusiastically avoiding paying taxes on their money. The other major countries were aggressive both in their investigation and their action. The Canada government had no alterative but to try and follow suit and…
As parents we try and arm our youngsters with as many skills as possible to carry them through their adult years and help them make sound financial decisions. One of the things that we may neglect to inform them about is the responsibility that they are going to have with their tax obligations. When…
It may seem strange to be talking about a current year end for your business when you are focusing on your last year’s taxes. When you stop to think about it though, by the time you get those taxes completed you are near the end of the first quarter of the current year. …
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