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A while back there was a lot of talk about the CRA clamping down on charities as there were indications that this particular tax break was being abused. So what is happening recently with this issue? Many people are concerned about the charities they are contributing to because they want their donations to be…
When it comes to paying your Canada tax, like most people you look at it as one lump payment obligation to the Government of Canada. What we often forget to remember is that our total tax payments are actually divided between two levels of government. We usually grumble about not only the fact that…
The differences that lie between what Corporations pay for tax compared to what other types of Canada tax payers are hit with, is really becoming a source of contention for many. Some are of the mind that it sets the scene for the “rich get richer and the poor get poorer”. It is true…
Most tax payers have gotten to the point where they are going to try and get everything that is coming to them in regards to tax breaks. For those families that have kids in school they are well aware of how expensive education has become, and it can be a financial struggle to get…
When it comes to your taxes you don’t want any mistakes to occur with your filing, and at the same time you want all the savings you can get by way of lower rates, tax incentives and potential credits. To ensure that you are going to get this you have decided to turn to a…
A lot of people would prefer never to have to deal with the CRA outside of sending their tax returns in once a year. Unfortunately there are many circumstances that can arise where it is necessary for the tax payer to either contact the CRA or have some type of correspondence with them. You…
There are a lot of good reasons for getting your taxes done as early as possible instead of waiting for the deadline. Many times your Toronto accountant can be instrumental in giving you some good tax tips based on your last year’s tax situation. It could be that this year would be a good year…
There may be more potential benefits offered by the Canadian government than what you are aware of. Missing out on one or two may not seem like that big of a deal to you, but these benefits and potential tax credits can add up throughout the year and make a difference to your tax…
