By admin on September 11, 2009 
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CRA recently noted that where a proprietor purchased a Disability Income Policy, the premium is a nondeductible personal expense. But the receipt of the disability benefits is tax-free. If a corporation acquires a Policy for the employees, the premiums are… {Read more}
By admin on September 11, 2009 Leave a comment
2009 Taxable Income…
By admin on September 11, 2009 Leave a comment
The focus of this type of Canada Revenue Agency (CRA) audit is on new businesses…
By admin on September 11, 2009 Leave a comment
The Canada Revenue Agency today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with… {Read more}
By admin on August 25, 2009 Leave a comment
Recently, Canada Revenue Agency (CRA) was asked whether a shareholder/manager bonus…
By admin on August 25, 2009 Leave a comment
If you own a business, you may have wondered if you should incorporate…
By admin on July 29, 2009 Leave a comment
On April 1, 2007 legislation allowing the Canada Revenue Agency to withhold refunds…
By admin on July 28, 2009 Leave a comment
The following is a list of the minimum wage rates in Ontario as of March 31, 2009…
By admin on July 21, 2009 Leave a comment
The most common deductions that apply to students are moving expenses and child care expenses…
By admin on July 21, 2009 Leave a comment
A tax return must be filed if you have to pay income taxes…