Category: Tax

There are only two certainties in life: death and taxes. It’s no secret that filing taxes can be a stressful affair. That’s especially true for Canadians, who pay almost $15,000 per citizen per year. Tax season can leave you scratching your head and low on money. For business owners, taxes can seem even more complicated. …

Owning a small business in Canada has quite a few perks. One of the biggest is the fact that the Canadian government offers tax incentives for small business that surpass other countries. When you write off the applicable business expenses under the CRA’s Statement of Business or Professional Activities, you may decrease your taxes payable …

Estimates indicate that over 300,000 thousand people move to Canada every year. These individuals often choose Canada for its career opportunities, social welfare programs, and beautiful scenery. While new immigrants to Canada enjoy many benefits, there is also a learning curve involved with becoming a Canadian citizen. For instance, new Canadians must learn how to …

Do you own a small business in Alberta and need someone to help you file income taxes? Are you an individual that wants to get the most out of their tax return? If you pay taxes in Alberta, you need to use a tax accountant. Everyone can benefit from their services when tax time rolls …

Starting January 1st, new measures came into effect that will affect anybody who has used income sprinkling to pay less tax on business earnings. Income sprinkling was a technically legal way to reduce your tax burden by paying family members dividend income from your business. Say you make $100,000: you could pay $24,809 on that …

2018 is rapidly approaching. Before you know it the holidays will be upon us and the new year will have started. Next, it will be spring and then it will be time to file your 2017 taxes. Avoiding the stress that often comes with the reporting season is made easier when you implement personal tax …

Some of the biggest companies in the world started as ‘mom and pop’ operations: Fiji Water, Forever 21, Panda Express- even Walmart is a family business (the ‘Wal’ comes from Walton.) For those of you starting a business, your spouse is an obvious choice for business partner: you trust them and you know that you …

When it comes to business, taxes are a way of life. You have to make regular payments to the Canada Revenue Agency (CRA), or your business will cease to exist. However, that does not mean you have to pay your taxes blindly. There are steps that you can take to minimize your company’s tax burden. …