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It is not easy being a single parent, and yet they too have the same tax obligations as any tax payer. It is just as important for the single Mom or Dad to know what these responsibilities are, and if the other parent is involved with the children, then who gets what tax credit concerning…
So you have retired and have reached the wonderful age of 65, and are looking forward to receiving your first OAS pension check and most probably your CPP pension. In addition to this you have made some sound investments over the years and you have set yourself up financially for your golden years. Now from…
Most often small businesses that are thinking about incorporating their business will consider the potential tax breaks as their first priority. While this is important, other factors should be considered as well. It costs money to incorporate your Company and it takes a bit of a time commitment for this . Also, if 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…
If you are trying to decipher the Canada Tax laws as a business owner then you may be quite overwhelmed with the number of forms that could possibly be applicable to your business like the T2 tax form, for example. You may also be of the mind that you are pretty good with figures and had…
In general as tax payers we just accept the goods and services tax as part of the expense of the majority of the purchases that we make. If we are selling something we often don’t know if we should be charging the GST/HST and it gets confusing. To add to this there are some goods and services…
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…
