As you are now a student that is probably having to contribute financially to your education then it also may mean that you should be able to start filing your own taxes. Perhaps you have heard so many moans and groans from the older adults about this obligation that it is one you really don’t…
When it really comes down to it we know that our tax dollars or at least a small portion of them are used to benefit us. It isn’t that we mind so much putting our hard earned money into the tax coffers, it’s the way that they are utilized that really gets to us.…
A while back you will remember that there was a lot of heat created over off shore investors who were enthusiastically avoiding paying taxes on their money. The other major countries were aggressive both in their investigation and their action. The Canada government had no alterative but to try and follow suit and…
Many people get so frustrated with Politics that they tend to give up trying to following what is going on in Parliament, but when it comes to tax talk it usually grabs the interest of those who don’t normally get involved with politics. So now that we have a new Finance Minister in place…
It may seem strange to be talking about a current year end for your business when you are focusing on your last year’s taxes. When you stop to think about it though, by the time you get those taxes completed you are near the end of the first quarter of the current year. …
Nobody likes to make a mistake on their taxes. Most often when an individual has decided to do their tax returns themselves they do so with a lot of tension and stress. This in itself can easily lead you to making a mistake. Common errors often come in the addition of the figures, and then…
When it comes to operating a small business in Toronto you have to be constantly thinking of how you can save on your tax obligations. While there are a lot of business tax incentives in place for small business it is not enough, and you have to learn to be legally creative with your tax…
If you are not quite sure what category your business fits into then you want to take a close look at what the CRA considers as a Personal Services Business or (PSB). As an incorporated business this is really important to you that you are not classified as this, because it would mean that you…
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