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As with the usual pomp and media attention whenever our Canadian Government figures they are doing something good for the tax payer it is presented with much fanfare. The latest being the proposal of the doubling of the children’s fitness credit. So if up until now you simply haven’t been able to afford the costs…
So you are an artist who is employed in Ontario and when it comes tax time you really aren’t sure just how to go about your taxes, and even if you are doing them right are they being done right in your favor? First let’s see if you fit into this category. Did you compose…
If you are one of those people who have some business expenses to claim and you know that you are allowed to do so, then you basically follow what the CRA tells you to do, but are you really protecting yourself against potentially denied claims? You may be under the assumption that all you have…
Perhaps you are one of those tax payers that have applied for taxpayer relief, and you have anxiously been waiting weeks for a decision. As much as you dread calling the CRA you really want to know the status of your relief application, so you make the call. You then discover that your application has…
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…
If you work in an industry where part of your income is comprised of tips, then you have no choice but to declare them on your annual tax return. Chances are you have taken on a job where part of what you make is going to be based on what you glean from tips. You…
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…
