Category: Small Biz Advice

Changing your Address with CRA

By on May 15, 2012 Comment BubbleLeave a comment

Business owners can now change the mailing, physical, and books and records address of their business by using the “Manage address” service. This service is available to business owners only. However, representatives will continue to have access to the “View… {Read more}

Employer-Paid Disability Premiums

By on March 23, 2012 Comment BubbleLeave a comment

If you think that paying for your employee’s disability premiums is always a good thing, think again.  As a non-taxable fringe benefit, payments they receive upon their disability will be, in most cases, FULLY taxable to them! Payments received due… {Read more}

RRSP Home Buyer’s Plan

By on March 20, 2012 Comment BubbleLeave a comment

The Home Buyer’s Plan (HBP) allows you to borrow funds from your RRSP to buy or build a qualifying home, under the following conditions: you or your spouse or common-law partner have not owned a home which you occupied as… {Read more}

Claiming Automobile Expenses

By on March 6, 2012 Comment BubbleLeave a comment

One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck). Many individuals use their automobile for work or business and incur… {Read more}