Posts by admin (page 2)

Avoid tax penalties and interest

Canada Revenue Agency (CRA) imposes various penalties and interest to encourage people and corporations to file tax returns and pay taxes on time. Here are a few of the penalties and interests imposed by CRA: Interest on unpaid amounts owing.…

Tax Season

10 Ways to get a CRA auditor’s attention According to CBC here are 10 ways to get noticed by the tax man. Read the full article here http://www.cbc.ca/news/business/taxes/tax-season-2015-10-ways-to-attract-a-cra-auditor-s-attention-1.2969196

Get a Jump on Organizing Your Tax Information

Thanks to the Huffington Post, here are 8 suggestions for taking the stress out of keeping your tax information organized. Go here to see the article http://www.huffingtonpost.ca/professional-organizers-in-canada/8-ways-to-stay-ahead-and-_b_6583064.html

What Expenses can I Deduct? Clothing.

Another question we often get asked is – What expenses can I deduct? This subject could cover a lot of territory so we are doing a series of quick blogs to cover the more common items. This is the fourth…

Should you get a GST Number?

We often get asked – Should I get a GST number? In this blog we will explain why we think the answer is yes. And these comments apply whether you are operating as a proprietorship or a corporation. You may…

Should you incorporate?

We often get asked – Should I incorporate? – so in this blog we’ll give you a rundown of the advantages and disadvantages of proprietorships and corporations. Please note – this is a general summary only and is NOT legal…