April 30 has come and gone, and we accountants have survived another personal tax season in Canada. But we’re not done yet – the deadline for self-employed individuals is June 15, and some other taxpayers may not have been concerned about meeting the April 30th deadline. Taxpayer: I know I’m getting a refund (or don’t …
So you missed the tax filing deadline, now what? Read More »
I hear it all the time – people STRESS about their taxes and getting their taxes done. Here are some tips to get you ready for your 2017 tax returns and reduce your tax preparer fees, as well as reduce your stress levels, knowing you’re prepared: 1 – Gather all your tax slips in one …
Get Unstressed – Organization tips to get you ready to file your taxes Read More »
It’s that time of year again – personal tax season! Now, there are a few things you should be aware of that may affect your 2017 tax returns…here’s a quick summary (this update is for general information purposes. Please speak to your tax advisors for specifics regarding your personal situation): RRSP Contributions – The deadline …
What’s new in tax for your 2017 personal tax returns Read More »
Do you regularly track your money coming in? Do you track it daily? What patterns do you see? Perhaps those patterns gave you the impression that Money is a bit elusive. Well, if you are the least bit competitive, you could play a game with Money. Here are some games or challenges you can play …
Are you at risk? The Canada Revenue Agency (CRA) continues to audit the following key areas, as these areas seem to be the ones of greatest error or non-compliance by small and medium sized businesses: Denied expenses – CRA denies unsupported and non-deductible expenses. It is important to have proper and adequate documentation to support …
Ever run away from your finances? Put your head in the sand perhaps, and hope it all works itself out? Or do you dive right in and play with the numbers? Is it a game? Do you take your money seriously? Have you tried every trick in the book, but still come up hitting a …
