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The small business deduction
Canadian-controlled private corporations (CCPCs) are entitled to claim a small business deduction on active business income (ABI) earned in Canada...
Learn MoreBuying Canadian Property from a Non-Resident
When real estate is purchased from a non-resident of Canada, the non-resident is required to complete and submit a form to Canada Revenue Agency (CRA), along with a tax of 25% of the gain on the prope...
Learn MoreMileage Tracking Apps - every employee with auto benefits & business owner needs one of these - let your phone do the work for you!
Need to keep a log of your business-related driving? Let your smartphone do the heavy lifting...
Learn MoreBuying or Selling a home - things to know!
If you bought or sold your home in 2016 or plan to buy or sell a home soon, the Canada Revenue Agency (CRA) has information that may help you...
Learn MoreTaxation Changes to look out for in 2017
There were plenty of changes in 2016 as the Trudeau government put its priorities in motion...
Learn MoreAre you an UBER user?? Public Transit credit goes & UBER tax arrives!
Consumer tax changes in Wednesday\'s federal budget will add to the cost of Uber rides while ending a public-transit credit...
Learn MoreCRA accepts payment arrangements, Get up to date now & avoid arbitrary assessments!
Do you have a balance owing? Can’t pay in full? Work with the Canada Revenue Agency to resolve your tax debt now...
Learn MoreInterest Expenses
Generally, in order for interest to be deductible under ITA s. 20(1)(c), the interest must be payable in the year or in respect of the year, pursuant to a legal obligation to pay interest on...
Learn MoreCanadian Taxes
Canadians will ring in the new year with a number of tax changes that will affect their bottom line. Here’s a look at some of them...
Learn MoreAvoid these 8 common tax filing mistakes
Canadians love tax refunds, but hate rounding up the paperwork to do the return. That’s where common tax filing errors really begin....
Learn MoreSome Toronto Condo Sales Face CRA Scrutiny
Some sellers of new Toronto condos are seeing years of price gains in a booming market taxed away. Canada Revenue Agency auditors have added penalties to taxes for those who claimed their condo as a h...
Learn MoreThe Three Top Expenses Entrepreneurs Can Write-Off Their Tax Return
When it comes to taxes, tax preparer Dalton Green has simple advice. Whether self-employed, an entrepreneur or a small, work-from-home business owner, he says no one's venture is too small to claim bu...
Learn MoreRules for WSIB Coverage are Changing
You need to know that the rules for who must have WSIB coverage are changing. Effective January 1, 2013, mandatory WSIB coverage is required for nearly everyone working in the construction industry...
Learn MoreRRSPs: 10 Things You Need to Know
Here are 10 things about RRSPs that highlight the central role they can play in your financial planning for retirement, along with some tips on how you can maximize the benefits they provide...
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