In the recently released Federal Budget the Trudeau administration has decided that it will attempt to “level the playing field” between those who seek out ride sharing options like Uber rather than resort to taking a regular taxi for their short trips. While the masses connected to the taxi industry will, of course, welcome the…
It would seem that the Federal Government under Justin Trudeau is doubling down on efforts to catch tax cheats with a massive increase in spending in the new Federal Budget earmarked to try and do just that. In the just released budget the Feds up their game by increasing the amount being spent by almost…
There are a lot of important obligations that we have in life and there are a lot of important professionals that we have to rely on from time to time. If we have health problems we seek out the best physicians and treatments available to us. If we have legal issues then we seek out…
For those that have been doing their taxes for many years they may have had a opportunity where they have sold their principal residence and really had no requirements for reporting this to the Canada Revenue Agency. This has all changed as of the 2016 tax season. Now individuals that have sold their home during…
Nowadays it is very hard to understand what is taxable and what is not. Meaning, there are probably quite a few questions as to what you can claim on your income tax at the end of the year. Many individuals choose to visit an accountant or a tax company, if they do not already have…
As a business owner you have to look at all the tax breaks that you can possibly get. If you are new to business then there is no doubt that you are busy with the many different aspects that it possesses. Taking the time to know where you stand with the tax department is critically…
With all of the recent speculation on the possible creation of a real estate bubble with prices in select areas of the country, namely Toronto and Vancouver to be exact, rising higher and higher the pressure on Finance Minister Bill Morneau to try and bring some stability to the market in order to prevent a…
Most everyone wants fair play when it comes to their tax obligations. This means that most feel that the taxes that have to be paid should be done in a fair manner with everyone paying their fair share. There has been a lot of talk in the last year especially about the tax havens that…
The provinces debt has recently come under fire from watchdogs tasked with keeping the Wynne governments administration under the microscope and in the public eye. The Financial Accountability Office has recently suggested that the debt is completely out of control and warns that the spending if left unchecked could lead the province down a road…
One of the biggest interest points revolving around the last election was the tax implications concerning any party that was going to be elected. Well we know the Liberals are in power now so where does that leave everyone? The answer depends on what you are making, and what class you come under. If you…
