By Liz O'Dowd on October 9, 2014 
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Owner-Managed Business-Creditor Proofing Every business owner should be concerned about creditor proofing his assets. Here are several suggestions to consider: Transfer assets out of the company: Place capital assets in a separate holding corporation so that subsequent legal claims that arise… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
If you own a business, you may have wondered if you should incorporate. Historically the income tax system in Canada has benefited incorporated Canadian small businesses. Although the income and deduction calculations are almost identical to an unincorporated business, the… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
If you have a website or a blog and you charge for advertising, links, or reviews, you must report the income on your Canadian income tax returns. Send invoices to your clients and customers. If your invoices exceed $30,000 in… {Read more}
By Peter Kupovics on October 9, 2014 Leave a comment
As part of a continuing series of videos to help small business owners, the CRA has a video on getting started with payroll for your small business
By Liz O'Dowd on October 9, 2014 Leave a comment
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full-time student or if you moved to start a new… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
Ottawa, Ontario, March 7, 2014… The Canada Revenue Agency (CRA) warns all taxpayers 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 in… {Read more}
By Liz O'Dowd on October 2, 2014 Leave a comment
Press release from Government of Canada August 26th 2014 ) – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, joined by Peter Braid, Member of Parliament for Kitchener-Waterloo and Stephen Woodworth, Member of… {Read more}
By Peter Kupovics on May 2, 2014 Leave a comment
The Canada Revenue Agency (CRA) encourages you to use its quick, easy, and secure electronic services to file your income tax and benefit return on time and pay any amount owing. You have until midnight on or before May 5,… {Read more}
By Peter Kupovics on April 23, 2014 Leave a comment
Did you know? If you owe tax at filing time each year, you can take steps to reduce your amount owing. You can do this by having tax or more tax deducted at source from certain types of income.td1-14e Important… {Read more}
By Peter Kupovics on April 23, 2014 Leave a comment
Even if none of these requirements apply, you can file a return if any of the following situations apply: You want to claim a refund. You want to claim the WITB for 2013 You want to apply for the GST/HST… {Read more}