Tax News
The True Costs of Everyday Expenses
ON July 9, 2020When 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, 2020This 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, 2020Every 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, 2020You 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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How to Protect Yourself from a CRA Scam
ON May 12, 2020Scams have been around for probably as long as people have interacted with one another. Once a scam is revealed, a new one takes its place. In recent years, scammers have been upping their game and becoming more creative, making them sometimes quite difficult to detect. Many will do their best to frighten you in order […]
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The COVID-19 Outbreak Will Change Your Tax Return Filing Deadline
ON April 18, 2020During these unprecedented times, many people’s personal and professional lives have been uprooted, causing worry and financial hardship. Fortunately, the Government of Canada is offering a helping hand to Canadian taxpayers. CRA Extends Tax Filing Deadline Due to the COVID-19 pandemic, the Canada Revenue Agency (CRA) has made some changes to the tax filing deadline. […]
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What You Need to Know About the Canada Emergency Response Benefit
ON April 5, 2020We are all living in truly unprecedented and uncertain times. The COVID-19 global pandemic is impacting our personal and professional lives, causing immediate stress and financial hardship. To help ease the economic burden, the federal government has put in place a new measure to aid those who have been directly affected by the coronavirus. To […]
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How Selling Your Home Will Affect Your Taxes
ON March 20, 2020The time has come to sell your home. On its own, this can make for a stressful time, so you really won’t want to contend with the taxman adding to your concerns. Still, selling your home is going to have some consequences for your taxes. Keep reading to learn more. Selling Your Personal Home If […]
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What Are the Different Types of Corporations in Canada?
ON March 16, 2020If you are a Canadian starting your own business, you have several choices to make, not the least of which is what type of business structure you plan to follow. If you choose to create a corporation, you will have several types to choose from. There are several reasons to choose a corporation, such as […]
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Allowable Business Expenses for Canadian Businesses
ON February 20, 2020Wondering what is accepted by the CRA as a legitimate business expense for your small Canadian business? Being able to deduct business expenses is a great way to help your small business, especially when getting started. The CRA allows for several items to be claimed as deductions on your Canadian income tax. What follows is […]
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