By Liz O'Dowd on November 10, 2015 
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Termination Notice and Pay A number of expressions are commonly used to describe situations when employment is terminated. These include “let go,” “discharged,” “dismissed,” “fired” and “permanently laid off.” Under the Employment Standards Act, 2000 (ESA) a person’s employment is terminated… {Read more}
By Liz O'Dowd on November 10, 2015 Leave a comment
Ontario has nine public holidays: New Year’s Day Family Day Good Friday Victoria Day Canada Day Labour Day Thanksgiving Day Christmas Day Boxing Day (December 26) Most employees who qualify are entitled to take these days off work and be… {Read more}
By Liz O'Dowd on November 9, 2015 Leave a comment
Claiming false business losses results in real consequences Getting a refund after you submit your return doesn’t mean that a scheme is legitimate. The Canada Revenue Agency (CRA) can and will demand the refund be returned and penalties will be… {Read more}
By Liz O'Dowd on November 9, 2015 Leave a comment
Hours of work There are limits to the number of hours employees can work in a day and in a week. Employees can agree in writing to work more hours to meet your business needs, but if the extra hours… {Read more}
By Liz O'Dowd on November 5, 2015 Leave a comment
Barter and BitCoin Transactions Can Result in Taxable Income and PST and GST/HST Payable Do you trade goods or services which you would normally sell in the course of your business? Have you started using BitCoins (electronic currency) for transactions?… {Read more}
By Liz O'Dowd on November 4, 2015 Leave a comment
Avoid Capital Gains by Donating Shares or Other Capital Property When capital property is donated, there is a disposition for tax purposes, which may result in a capital gain. The fair market value (FMV) of the property donated is used… {Read more}
By Liz O'Dowd on August 19, 2015 Leave a comment
Minister of National Revenue highlights Economic Action Plan 2015 measures to support small and medium-sized business. Minister Findlay meets with leaders of the Taiwanese community in the Greater Vancouver Area May 19, 2015 – Vancouver, BC – Canada Revenue Agency… {Read more}
By Liz O'Dowd on July 7, 2015 Leave a comment
Beware of telephone and email scams The Canada Revenue Agency (CRA) warns you to beware of telephone calls or emails that claim to be from the CRA but are not. These are phishing and other fraudulent scams that could result… {Read more}
By Liz O'Dowd on February 2, 2015 Leave a comment
Minister Findlay hosts pre-budget consultations with local business leaders and highlights the Government of Canada’s actions to cut red tape January 19, 2015 – Kelowna, BC – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of… {Read more}
By Liz O'Dowd on January 14, 2015 Leave a comment
TD1 forms for Employees and Pensioners The TD1 forms for 2015 are now available from Canada Revenue Agency. If there have been changes which will affect your tax exemptions you should ensure that you complete these forms so that your… {Read more}