The 2012 federal budget extended the hiring credit for small business (HCSB), a one-time credit intended to stimulate new employment and support small businesses. The HCSB provides small businesses relief from the employer’s share of employment insurance (EI) premiums paid… {Read more}
Tag: self employed
Canadian Federal Debt
Not only did the population of the world reach a record 7 billion people on October 31, 2011, but the Canadian Federal Debt also reached an all-time high. Based on economic forecasts, the Federal Debt (accumulated deficit) reached $568 billion… {Read more}
Gifting Tax Shelter Donation Arrangements and Non-Cash Donations
Those who have participated in aggressive gifting tax shelter donation arrangements in 2012, which provide donation receipts much greater than the actual donation amount, should not claim the donation on their initial tax return filed in 2013, because CRA will… {Read more}
Economic Action Plan 2012 – Sustainable Social Programs
In order to ensure Canada’s social programs are there for when future generations need them, the Canadian government is taking responsible action to prepare today for long-term demographic pressures. To this end, Economic Action Plan 2012 will: Gradually increase the… {Read more}
Withholding Information from the CRA
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}
Form T2200 – Declaration of Conditions of Employment
Canada Revenue Agency (CRA) expects employers
Remitting GST/HST on Taxable Benefits
Did you know that GST/HST must be remitted on a
Estate Planning
You should have a will that includes
2012 Sales Tax Rates in Canadian Provinces and Territories
2012 Sales Tax Rates in
Get Out of Debt Now!
Recessions are a normal part of the business cycle
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