Below you'll find a list of all posts that have been categorized as “Latest News”
Thinking of buying or leasing commercial real estate? Deciding on whether to buy or lease commercial real estate can be difficult and tricky as there is no one-size-fits-all answer to this dilemma. However, there are guidelines and considerations that can help you in deciding what’s best for your business. Last September 25th, I had a great opportunity to speak on …
Tax season is probably one of the most, if not the most, dreaded season of small business owners. Unfortunately, there’s no avoiding taxes – the good news though is there are ways they can legally minimize their tax burden. Here are 5 tax tips that can help small business owners save a lot come tax time. CLAIM HOME OFFICE DEDUCTIONS …
We all love attention. It’s our instinct from the first day we’re born. However, you’d better lay low and stay invisible when this special season starts – the Tax-filing Season. Victor is the kind who is determined to attract the attention of CRA. The following actions of his are like waving a red flag at a bull or stick an …
Multiple colored leaves, cold sting on your cheeks, pumpkin spice latte… Yep, it’s that time of the year again, year end is indeed just around the corner. But before you get too excited planning for your year-end holiday vacation, let me ask you a quick question – are you a business owner? If your answer is yes, then you might …
The thought of a GST audit would frazzle most people and receiving the dreaded Audit Letter from Canada Revenue Agency (CRA) is probably one of a business owner’s worst nightmares. The bad news is CRA GST Audits are unavoidable, however, the good news is while there’s no sure-fire way to avoid a CRA audit, there are ways to make the …
Year end is fast approaching and in addition to the usual year end challenges that small businesses face, they also have to deal with the recent tax proposals and tax changes this year. So, to help out our small business owners, Leo Almazora wrote an article in wealthprofessional.ca about steps that small business owners should consider taking before the year …
2017 seems to be a year of significant milestones in Canada’s History, and I am not just talking about Canada 150 here This year also seems to be a year in which Canadians see a larger than usual number of tax changes and tax proposals that will significantly affect taxpayers going forward. Some of these changes already took effect at …
You may want to set up a spousal or common-law partner RRSP since this type of plan can help ensure that retirement income is more evenly split between both of you. The benefit is greatest if a higher-income spouse or common-law partner contributes to an RRSP for a lower-income spouse or common-law partner. The contributor receives the short-term benefit of …
A recent data from tradingeconomics.com indicate that Canadians are saving more. The said data shows that the second quarter of 2017 saw an increased in the Household Savings Rate in Canada from 4.30 percent in the first quarter to 4.60 percent. From 1981 until 2017, the Personal Savings in Canada averaged at 7.44 percent. The highest was recorded at 19.90 …
Residents of Canada are generally taxed on their worldwide income. For many, this includes income earned from business, property, or employment in another country. In most cases, income earned abroad will be subject to taxes in the jurisdiction where it is earned. To ensure that foreign income is not subject to double taxation, the foreign tax credit provisions found in …
