Tax News

Do I Need to Register My Business?

ON October 10, 2017

When starting out a new business venture, there are a great many things to consider. One such consideration is whether or not to register your business name. In most situations, you will actually be required to do so. A Legal Requirement in Most Cases In most cases, registering your business will not be an option; […]

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Make the Most Out of Your Taxes This Fall

ON September 25, 2017

Who doesn’t like free money? One way to help you keep your hard-earned dough is to educate yourself on potential tax-deductible expenses. Simply put, deductibles are costs that can be used to lower the amount of income tax you have to pay come tax time. Chances are you’ve missed a few in the past that […]

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Tax Tips Traps – Summer 2017

ON September 14, 2017

TAX TICKLERS TAX FOR PRIVATE CORPORATIONS: Major Changes Proposed EMPLOYEE DISCOUNTS ON MERCHANDISE: Change in CRA Policy DEATH BENEFITS: Tax-Free Employment Benefit RETIREMENT INCOME CALCULATOR: Ensure you are Financially Ready RETURN OF A GIFTED PROPERTY: Charitable Organizations Beware! VOLUNTARY DISCLOSURE PROGRAM: Proposed Tightening WITHHOLDINGS ON REMUNERATION TO NON-RESIDENT: Get your CRA Filings Correct PROFESSIONALS’ WORK […]

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Back to School Tax Tips 2017

ON August 17, 2017

As the summer is winding down, students everywhere are gearing up for another school year. And for those of you heading back to college or university, this is also the time when financial stress can kick into overdrive. With the ever-increasing price tag of a post-secondary education, here are some tax tips for students to […]

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Steps To Avoid Tax-Return Identity Theft

ON August 8, 2017

No one wants to fall victim to a phishing scam, especially one that involves the Canada Revenue Agency. In case you haven’t already heard, hackers are pretending to be from the CRA in a clever guise to get ahold of taxpayers’ personal information, like a credit card, bank account, passport, and social insurance numbers. If […]

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Airbnb Tax Advice For Home Owners

ON July 24, 2017

What You Need to Know About Renting Out Your Home Like countless other Canadians, you might be thinking about renting out a room—or your entire home—to travelers. Airbnb is an increasingly popular venture among homeowners (55,000 and climbing) that can earn you some extra cash. If you’re opting to share your home through Airbnb, here are five […]

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Going Green Can Help You Save On Your Taxes

ON July 13, 2017

Protecting the environment is on everybody’s mind these days. The message of preserving Mother Earth is starting to hit home, and more and more Canadians are doing their part to lessen the environmental burden and reduce our carbon footprint. Recycling at home and at work, purchasing eco-friendly products, and saving energy are all important steps […]

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Tax, Tips and Traps – Spring 2017

ON June 29, 2017

This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy! In This Article: TAX TICKLERS EMPLOYMENT INSURANCE UBER DRIVERS PERSONAL USE ASSET IN A CORPORATION SHARING ECONOMY CHARITIES AND FOR-PROFITS WORKING TOGETHER INVESTMENT MANAGEMENT FEES FOR RRSPs, RRIFs, AND TFSAs WEBSITE HISTORY […]

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Cool Sumer-time Tax Relief for Parents

ON June 22, 2017

Sun, fun, kids… and taxes? Yup, you read that right. Now that summer is here, children everywhere are on vacation. And you? You’ve got your hands full scrambling around, trying to keep them occupied, so taxes are the last thing on your mind. Truth is, summer is the perfect time to start planning for the […]

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Summer Job Tax Tips

ON June 6, 2017

If You Read One Article about Summer Job Tax Tips This Year, Read This One Getting a post-secondary education doesn’t come cheap. It’s one of life’s big expenses that many students have to be prepared for. Whether you are paying everything upfront or taking out a student loan, you’ll want to do all that you […]

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