Tax News

How to Start a Business in Canada

ON October 16, 2020

Events of this year left many Canadians with much time on their hands. Forced closures of many businesses and changes in operations for many more resulted in countless workers re-evaluating their work lives. Some found that they enjoyed working from home at their own pace or their own schedule, while others realized that they were […]

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Filing 10 Years’ Worth of Personal Tax Returns (Or More)

ON September 28, 2020

It is relatively common for people to dislike doing their taxes, and that can, unfortunately, be one of the reasons they neglect to do so. Some might even miss a second year, or a third. Still others might go as long as a decade or more without paying their taxes. If you have not filed […]

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Registering for the GST Retroactively

ON September 14, 2020

As a small business owner, or self-employed individual, you are probably aware that once your sales reach 30K, you need to register for the GST/ HST. Back in 1991, the GST was added to the Excise Tax Act, replacing the manufacturer’s sales tax (MST). At the time of its introduction, it was 7%, but in […]

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Which Canadian Business Structure is Right for You?

ON August 27, 2020

As an entrepreneur in Canada, you are faced with an important decision: how do you want to run your company? You have a couple of options available to you. You might choose to run it as a sole proprietorship, for example. Alternately, as part of a group, you might choose a co-operative structure. Or maybe […]

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The Gig Economy in 2020: Tips for Saving Taxes

ON August 12, 2020

You may have never heard the term “Gig Economy”, or if you have, you might not know what it means. If you are familiar with the term “gig” at all, it might conjure up images of musicians playing one-night shows in a bar or other small venue and that is pretty close. A gig is […]

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How the Government is Helping Seniors During the COVID-19 Pandemic

ON July 23, 2020

The ongoing pandemic has affected everyone to one degree or another, from small businesses to large corporations, families, individuals, youth, and seniors. Some segments of society have been more vulnerable than others, physically, financially, or even emotionally. Fortunately, measures are in place to help. What has the government done to assist seniors during this time? […]

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The True Costs of Everyday Expenses

ON July 9, 2020

When making everyday purchases, most of us approach them in a straightforward manner. We look at the price tag and compare it to whatever standards we think of as expensive or affordable, boiling everything down to a simple dollar value. To really get a handle on our personal finances however, we can take a moment […]

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Top Ways To Quickly Receive Your Tax Refund During the COVID-19 Pandemic

ON June 23, 2020

This year has been a trying one for many, with the world experiencing unprecedented times. The COVID-19 outbreak has been devastating to businesses, individuals, and entire countries, drastically altering daily lives, and severely impacting the finances of countless people. For many, their annual tax refund is one of the largest cheques they will receive each […]

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Top Ways To Use Your Tax Refund

ON June 8, 2020

Every year, tax time finds many people waiting until the last moment to file their taxes, worrying about any balance that they might be required to pay. At the other end of the spectrum, many Canadians look forward to tax time, anticipating a refund. If you fall into the latter group, do you already have […]

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Easing Your Financial Worries During These Trying Times

ON May 26, 2020

You may have heard the expression, “your health is your wealth.” While this is definitely true, it is certainly understandable if you are concerned not only with your physical health, but your financial health as well during these unprecedented times. Another expression that you may have heard of is “panic selling,” which is precisely what […]

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