Why Paying Tax Instalments is Important for Your BusinessRunning a small business involves keeping track of your money, and paying taxes is a big part of that. Paying your taxes in instalments...
How Does Working Remotely Impact Your Income Tax Deductions?With the onset of the COVID – 19 pandemic, numerous employers opted to allow their employees to work from home. Now that the restrictions...
Bill C-208 and How It Can Affect Your Family BusinessBill C-208 amends the Income Tax Act to reduce taxes that must be paid when a business owner wishes to sell shares of their farm, fishing...
Money Management Tactics for You and Your FamilyMoney management is important to be successful at paying your bills, saving for the future, being prepared for unexpected expenses, and...
CRA Income Tax ReviewA CRA review is not a tax audit. The biggest difference between a tax review and a tax audit is that a tax review may be completed in a...
2021 Federal Budget The new Canadian federal budget was tabled on April 19, 2021 by finance minister Chrystia Freeland. The federal deficit is estimated to...
New Simplified Home Office Deduction for 2020 Income Tax YearWith the onset of the COVID-19 crisis in 2020, numerous employers allowed their employees to work from home. It is for this reason that...
Checklist for Preparing Your 2020 Income Tax While doing their income tax, individuals and businesses often forget to claim deductions that could really benefit them and that might...