Newsletter

When watching kids trade baseball cards on the playground, one probably doesn’t immediately think of it as a business transaction. After all, it’s a simple trade. Both children give and receive, and if one child gives away three cards to receive one that he truly desires, the trade is considered fair and equal, even if, […]

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Do you enjoy doing your taxes? Many people would respond to that question with a rather emphatic “no.” For them, taxes are complicated, confusing, and frustrating. Imagine then, what it might be like to do taxes for your small business, with so much more to account for, and you might have at least one idea […]

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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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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 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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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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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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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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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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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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