by admin | Aug 29, 2017 | Tax tips
Have you heard about Federal Finance Minister’s 2017 consultation on tax planning using private corporations? Do you know who are going to be affected and the extent that the tax proposals may impact? What can you as business owners do now? Here is the video...
by admin | Jun 6, 2017 | Tax tips
If I tell you every tax season is smooth as butter, that is not true. I had one new client, who came to tell me he over contributed RRSP for 30k for a number of years. I asked him how this could happen and how come it was so late to notice the issue. The answer was...
by admin | Feb 22, 2017 | Tax tips
This article is to highlight areas when you assess tax situations for 2016. We hope those tips can help you maximize the tax saving for the year. Maximize the deductions Make sure you utilize all the available tax-deferred plans. We always talk about RRSP but don’t...
by admin | Dec 29, 2016 | Tax tips
It is a party time. And it is almost tax time as well. There are various sets of ground rules on income from rental property(T776). Here are 5 tips in filing your rental property in personal tax returns. CCA CCA, capital costs allowance is a totally tax term. Simply...
by admin | Nov 27, 2016 | Tax tips
It is always good idea to plan your tax matters ahead of time while preparing your Black Friday shopping list. Personal Real estate is definitely on top of the list if you sold the property during 2016 calendar year. Different from previous years, the CRA has made it...
by admin | Oct 28, 2016 | Tax tips |
Becoming a landlord is a very exciting thing for a lot of people. While you report your rental income in your T-1, remember to take a look at the GST/HST issue on your rental property. If you, as a landlord, fail to collect the GST/HST on the rent, the Canada Revenue...
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