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As we all know when it comes to the Government including the CRA, what is said behind closed doors is usually far different than what is said to the general public. We also know that there has been a big uproar about the huge amount of tax evasion throughout Canada that took place regarding…
Many tax payers have heard about paying taxes in instalments but often assume that this is just for the big Corporations who have a lot of tax to pay. You may be surprised to learn that technically if you net taxes owing in 2013 plus 2012 or 2011 is more than $3,000. you should be…
As the year draws to an end lots of people like to start the New Year with a fresh start. This often means trying to clean up loose financial ends. Perhaps you have an outstanding tax debt and you really don’t have the funds to clear up your account with the CRA, but you at…
It may be hard to imagine that there are still some people that don’t even have a computer in their home, or those that don’t even know the basics about them. However, there are those who simply cannot afford them, then there are some seniors for example, who just don’t have a desire or need…
Many individuals, over the years have taken to foreign investments as a way to pad their income for their retirement years. Lately with the big stir about tax evasion through off shore accounts it has caused the Canadian Government to scrutinize where tax payers are investing their money outside of the country and how it…
You go out to work every day and you know that your employer has certain obligations when it comes to paying you each week. Your boss has to follow the CRA tax rules for payroll. You have to hire a baby sitter every day for the children so does this make you an employer too?…
There is still a week or two left that you could use to make some beneficial tax decisions to finish off the year right so you are going to be able to get from any potential tax breaks. Deciding how your company pays you: As the owner of your company you may be at…
Yes, as soon as the festivities are over you are going to be entering into a new tax year, which means you have to start planning for your tax return. You may find yourself in a variety of situations. Perhaps you have a good accountant so you are in good shape. In the…
