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Do you have a company car? The personal use of an employer provided vehicle is considered a taxable benefit and should be reported to the CRA. “Personal use” defined: What is considered “personal [...]

Chapter IV of the Ontario Budget is about our provincial tax system, this is an important chapter to look at as it affects Canadian businesses of all size. In what follows, I will discuss some of [...]

If you feel that you are paying too much tax, then you probably are. Look at these eight small business tax strategies and see how many you are currently applying to your business right now. [...]

Whether you are an experienced entrepreneur or somebody who is just starting out. You would probably agree that managing your own business and leading it to success is no easy feat. There are [...]

You can’t avoid income tax, but there are a number of things that you may be able to do to reduce the amount of income tax you pay if you operate a small business in Canada. Follow the link [...]

A worker’s employment status affects his or her entitlement to EI and CPP benefits. A person that is an employee is entitled to those benefits while a self-employed worker, such as a [...]

There are a number of misleading statements and myths about Canada’s tax laws out there. It is important that you know which ones are true and which ones are not, as misunderstandings about tax [...]

Are you a parent? Do you have kids that like to paint, play sports, or engage in extracurricular activities? Passed in the 2011 federal budget, the Children’s Tax Act Credit allows parents to [...]

You should always file a tax return according to the law. There are many ways to save taxes without violating the Income Tax Act and other tax laws. It is your right to arrange your affairs in [...]

The CRA now provides online services for business and individual users to file, pay, and view detailed information about their tax accounts online. To access and/or learn more about these [...]