It’s crucial to know whether your workers are employees or independent contractors.
Employees vs. Independent Contractors
By admin on February 19, 2010 
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Tag: business number
Claiming Automobile Expenses
By admin on February 19, 2010 Leave 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).
Registered Educational Savings Plan (RESP)
By admin on February 19, 2010 Leave a comment
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits.
Keep The Invoices
By admin on February 19, 2010 Leave a comment
Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors. For example, the input tax credit may be disallowed if only the credit… {Read more}
Employer-Paid Disability Premiums
By admin on February 19, 2010 Leave a comment
If you think that paying for your employee’s disability premiums is always a good thing, think again.
Homeowners – claim your credits!
By admin on February 3, 2010 Leave a comment
Do you know that from January until the end of March 2010, the Canada Revenue Agency (CRA) is issuing weekly tax tips.
What is the first-time home buyers’ tax credit (HBTC)?
By admin on February 3, 2010 Leave a comment
The HBTC is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009, that is – closing after this date.
Employment Insurance Benefits for Self-Employed People
By admin on February 3, 2010 Leave a comment
Beginning in January 2011, self-employed Canadians will be able to access Employment Insurance (EI) special benefits.
2010 Automobile Deduction Limits and Expense Benefit Rates for Business
By admin on February 3, 2010 Leave a comment
The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus applicable federal and provincial sales taxes) for pur-chases after 2002.
2010 Tax System Indexation
By admin on February 3, 2010 Leave a comment
On January 1, 2010, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 0.6%.