Articles: Tax Preparation

Last updated: 2018-01-31 07:48:58 Preparing income tax returns for small businesses can be daunting. Not only are the tax forms a little confusing, Canada’s tax laws change with great frequency and without fanfare; it’s up to you to keep track of everything going on at the Canada Revenue Agency (CRA). To avoid tax-related problems, ensure you’re … Read more

Last updated: 2018-01-17 12:01:09 Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for the … Read more

Last updated: 2017-11-08 07:59:38 What a Tax Professional Can Do for Your Family Business Family businesses, big or small, are the backbone of the Canadian economy. In fact, approximately 80% of all businesses in Canada are family-owned. On top of that, family-owned businesses are responsible for the majority of the country’s gross domestic product (GDP). What … Read more

Last updated: 2017-10-25 10:33:02 Having a thorough understanding of Canada’s tax law will provide you with everything you need to know about maximizing deductions and minimizing the amount you have to pay to the Canada Revenue Agency. Unfortunately, there is a lot to know when it comes to Canada’s ever-changing tax codes. That said, being aware … Read more

Last updated: 2017-10-18 08:07:39 Farm Businesses in Canada Whether it’s a family farm that has been in operation for generations or it’s a start-up, there’s an attraction to being your own boss and working outdoors. It also doesn’t hurt that farming in Canada has become more lucrative over the years. The government of Canada offers a … Read more

Last updated: 2017-04-05 11:15:31 Small Business Tax Return Myths Over the years a number of tax myths have surfaced about filing small business tax returns. This is totally understandable; it’s difficult to keep up with the changes that take place in Canada’s complex tax system. Not only can these tax myths make filing your taxes even … Read more

Last updated: 2015-08-31 08:44:46 Originally published May 28, 2014. If you received a tax instalment letter from CRA? Give us a call! 1.800.265.1002 CRA requires taxpayers to make quarterly tax instalments when there’s a large amount owing in previous years. If your net tax owing for 2013 or 2014 was greater than $3,000 you likely received … Read more

Last updated: 2014-04-16 02:53:02 If you or a family member is over 65 you could benefit from the Ontario Healthy Homes Renovation Tax Credit or the B.C. Seniors’ Home Renovation Tax Credit. These credits assist individuals 65 and over to make improvements to make their home safer and more accessible. Both credits are refundable tax credits. … Read more

Last updated: 2014-01-08 03:34:57 The 2013 budgets released in the Spring of 2013 brought a few changes that will affect your taxes this year and perhaps put more money in your pocket. First-Time Donor’s Super Credit If you or your spouse hasn’t claimed the charitable deduction tax credit in the past 5 years, you’re eligible for … Read more