If you run your own business or you are self-employed, you may be tempted to report only part of your income to the tax authorities. Or you might consider suppressing information about your activities. If you are audited by the… {Read more}
Tag: netfile
Ready to file online but lost your access code?
If you are ready to file your income tax and benefit return but have misplaced your NETFILE access code, you can visit the Canada Revenue Agency’s (CRA) Web site, enter your information, and receive your access code instantly! When you… {Read more}
Filing your GST/HST Return
Learn how to NETFILE
Annual Open House Raises Money for Operation Come Home
Padgett Business Services recently held their annual Christmas Open House. The event is held each year to show our appreciation and thanks to
Interest rates for the first calendar quarter
The Canada Revenue Agency (CRA) announced on December 3, 2009 the prescribed annual interest rates
Other Tax Planning Issues
Consider some of the following tax planning strategies as part of you year end tax planning
Use Capital Losses
You can use your 2009 capital losses to reduce your current year’s income taxes by applying such losses against
$750,000 CAPITAL GAINS DEDUCTION
You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares in a qualified small business corporation,
Eligible Deductions & Credits
If you pay the following expenses by December 31, 2009 they will be eligible for the deductions of credits
Contribute to Your RRSP
The most popular tax tool available to taxpayers is investing in a registered retirement saving plan
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