Tax News

Tax Tips & Traps – Winter 2014 Special Edition

ON June 26, 2015

Download the PDF here YEAR-END TAX PLANNING December 31, 2014 is fast approaching… see below for a list of tax planning considerations.  Please contact us for further details or to discuss whether these may apply to your tax situation. SOME 2014 YEAR-END TAX PLANNING TIPS INCLUDE: Certain expenditures made by individuals by December 31, 2014 […]

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2014 Personal Tax Checklist

ON March 26, 2015

Download your 2014 personal tax checklist here.

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Tax Tips & Traps – Spring 2015

ON February 18, 2015

Download the PDF here IN THIS EDITION TAX TICKLERS Quick points to consider FEDERAL NOT-FOR-PROFIT CORPORATIONS ACT Did You Miss the Transition? FAMILY TAX CUT Income Splitting and Other benefits DISABILITY TAX CREDIT Make sure to Apply! DISTRIBUTING ESTATE PROPERTY An Executor may be Personally Liable CANADA JOB GRANT Government Funds Available EMPLOYMENT EXPENSES Are […]

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Tax Tips & Traps – Winter 2014

ON November 27, 2014

Download the PDF here IN THIS EDITION TAX TICKLERS Quick points to consider SMALL BUSINESS JOB CREDIT Small Employers save on EI Premiums LIAISON OFFICER INITIATIVE CRA Project to Assist with Compliance TAX PAYMENTS Doing it Online PRINCIPAL RESIDENCE Partial Conversion to an Office ESTATE PLANNING Consider all Digital Assets COLLECTIONS AT THE CRA Options […]

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Tax Tips & Traps – Fall 2014

ON September 9, 2014

Download the PDF here IN THIS EDITION TAX TICKLERS Quick points to consider INTERNET BUSINESS ACTIVITIES Update to the Effective Date DONATING BY WILL Planning Ahead T1135 FOREIGN PROPERTY Some Relief PRICE ADJUSTMENT CLAUSE Non-Arm’s Length Purchase or Sale GAMBLING WINNINGS Document them! U.S. AMNESTY PROGRAMS Now even more Accessible! DIRECTOR LIABILITY Understand your Exposure […]

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Tax Tips & Traps – Spring 2014

ON May 28, 2014

Download the PDF here IN THIS EDITION TAX TICKLERS Quick points to consider WEB TIPS Profitguide.com INTERNET BUSINESS ACTIVITIES Must be reported to the CRA CRA EXAMINES NON-PROFIT ORGANIZATIONS Is your Entity at Risk? REPORTING GST/HST Simple Option for Small Businesses SALARY To Owners and Relatives CROWDFUNDING May Have Tax Costs SCHOLARSHIPS AND TRAINING May not […]

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Tax tips & tricks – Fall edition

ON August 21, 2013

Download the PDF here In this edition: AUTO ALLOWANCES Fixed Payments are Costly DISASTER RELIEF What is the Tax Impact? EMPLOYMENT INSURANCE (EI) Which Working Hours Count? BUSINESS EXPENSES Prove it! 3RD PARTY DISCLOSURE OF UNREPORTED INCOME OLD TAX RETURNS Reopened! RENTAL PROPERTIES Receipt Retention Issue SNOWBIRDS Watch Out! WEB TIPS 10minutemail.com, dropbox.com GST/HST Potpourri […]

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New Business Owners

ON July 22, 2013

If you just became self-employed this article is a must read! Download the PDF here. Congratulations on taking the plunge. You have left the “job” behind and no longer work for the “man”.  You are now the boss. You have freedom. You have independence… now what do you do? SELF-EMPLOYED Things to do! Stuff to […]

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Tax Tips and Tricks Newsletter

ON July 9, 2013

Download the PDF here. MEDICAL EXPENSES – TRAVEL In a November 8, 2012 Tax Court of Canada case, CRA disallowed as a medical expense $14,883 of travel costs related to 101 round trips that Mr. Jordan made from Weyburn to Regina to assist his wife in recovering from an aneurysm. Taxpayer wins The Court allowed […]

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2012 personal tax checklist

ON March 20, 2013

Download your 2012 personal tax checklist here.

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