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As many businesses are aware the CRA took significant steps to help cut the CRA red tape for business. This is a plan that is supposed to take two years to get into full action. In order for the CRA to devise a red tape reduction plan they relied on the feedback from small…
There is no doubt that there is a lot a controversy and animosity amongst the taxicab drivers and the Uber drivers. The first question that has to come to mind is that those that are involved in Uber driving are not doing so as a hobby, and coming to the realization that they are…
In the next few months as the current year comes to a close many people like to sort through all of their documentation, and get it in order so they can get their taxes done early in the new year. Often this means getting rid of a lot of unnecessary documentation. It is really…
For most of us we would have to agree that having the PAN AM games here in Toronto was a great experience for all those that were able to attend it and certainly for the local economy as well. Many would say that it was even worth the cost which was a pretty hefty to…
Basically the Canada tax system is one that is based on a honour system or as they call it a self-assessment system. This means that that you are compelled to file your taxes every year but it is based on your income and all the deductions that you can claim as is all done…
For many people their taxes are over and done with for another year. For others the tax issue is an ongoing thing. These are the individuals who have gotten themselves into a tax mess that is snowballing. While almost any type of debt involves interest, the mounting interest on a tax debt…
You know that when you start a business you most likely have to register it to get a CRA business number. What you may not know is that you may have to register several CRA business accounts. Keep in mind though that not all businesses need to have a business number. In order to…
It doesn’t appear as though there is anything newer than the senior tax breaks that we outlined in the Economic Action Plan 2015. Basically these all evolve around the pension income splitting, the family caregiver amounts, and includes amounts for public transit as well as the disability tax credit. It also covers the…
