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A distinction that seems to be lost on a number of people with their own businesses, either new entrepreneurs or old, is how they get paid and the different tax benefits or costs to it. This [...]

As many of your know (or perhaps trying not to think about ;), personal income tax returns will be due April 30th, and for the most part you can’t do too much to change what you’ve [...]

The Canada Revenue Agency has changed the way CPP payments occur. They are now allowing people at 65 to 70 to continue to make additional CPP payments. If you are or know somebody who is [...]

Here are some great resources for taxes and accounting information, I’ve found. Grossman CGA – This blog is really up to date, with new information constantly being added. TaxTips.ca [...]

Are you operating a business of your own or thinking about it? One question that inevitably comes up with a lot of people is whether they should incorporate. It’s not necessarily easy to [...]

TaxTips.ca which I have previously mentioned as a resource has released a personal income tax calculator for 2011. If you’d like to get an idea of what your taxes will likely be for 2011, [...]

Are you in an independent contractor? WSIB changes may affect you. Bill 119 has been proclaimed into force on January 1, 2012 and will come into full effect one year later. Under the new [...]