By Liz O'Dowd on June 10, 2013 
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Expanding your business usually involves dedication and hard work. Before moving ahead, consider whether you and your team are fully committed to making the effort and if your operation is ready to support growth before investing your time and money…. {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Wholesale sales advanced by 0.3% in March to $49.1 billion. The increase was mainly due to higher sales in the motor vehicle industry. Since May 2012, wholesale sales have been relatively flat. In volume terms, wholesale sales were up 0.1% in March. Gain led… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Halifax, Nova Scotia, Ontario, May 20, 2013… The Honourable Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency, today announced that Canadian families are receiving significant tax refunds as a result of the low-tax measures… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Any person (individual, partnership, corporation, trust, etc.) carrying on a business must keep books of accounts and records which provide the ability to calculate taxes payable. These books and records must be supported by “source documents” which substantiate the amounts… {Read more}
By Liz O'Dowd on May 24, 2013 Leave a comment
The Government of Canada today launched public consultations on the tax rules governing Labour-Sponsored Venture Capital Corporations (LSVCCs) to assist these corporations with an orderly phase-out of the federal LSVCC tax credit. The Government is replacing the LSVCC tax credit… {Read more}
By Liz O'Dowd on May 23, 2013 Leave a comment
Under some circumstances, when your employment with the pension plan provider ends, it may be possible to have your plan paid out instead of being transferred to a locked-in account, if the value in the plan is low, or if… {Read more}
By Liz O'Dowd on May 16, 2013 Leave a comment
The following graphs and tables provide statistics on the number of T1 tax returns processed at the Canada Revenue Agency (CRA) during the 2013 tax-filing season; the total number, amount, and average refund by cheque or by direct deposit; the… {Read more}
By Liz O'Dowd on May 16, 2013 Leave a comment
All proposals are subject to legislative approval. Ontario Trillium Benefit (OTB) The Ontario 2013 Budget proposes to modify the OTB so that, beginning with 2014 benefits, each recipient can choose to receive the benefit either monthly or in a single… {Read more}
By Liz O'Dowd on May 16, 2013 Leave a comment
Brampton, Ontario, May 14, 2013… The Canada Revenue Agency (CRA) announced that on May 10, 2013 John Lassu, of Etobicoke, pleaded guilty in the Ontario Court of Justice in Brampton to two counts of failing to file GST returns. Mr…. {Read more}
By Liz O'Dowd on May 16, 2013 Leave a comment
The Honourable Ted Menzies, Minister of State (Finance), attended the annual meeting of the European Bank for Reconstruction and Development (EBRD), that took place May 10-11 in Istanbul, Turkey, and met with key political and business leaders to promote trade… {Read more}