Starting Oct 16th 2017, the Federal Government declared they were reducing small business tax rates and, stepping away from their proposal to limit access to lifetime capital gains exemption – one...[...]
Changes to the GST HST Return. May 16, 2016, the Canada Revenue Agency (CRA) changed the way businesses report income information on line 101 of the GST34-3 Goods and...[...]
Overall, UBER drivers are effectively independent contractors or self-employed, and therefore must self-report their taxes. Steps drivers need to be aware of include: filling out T2125 uber tax...[...]
Note: The children’s fitness tax credit, including the supplement for children with disabilities, has been eliminated for 2017 and later tax years as explained this CRA post. The Updated Canada...[...]
The current economic landscape is a friend to hopeful entrepreneurs in Canada. The Canadian Government continues to provide supportive initiatives and tax incentives to help alleviate cost burdens and...[...]
Note to Readers: For 2014 and subsequent years, Budget 2015 introduces a change to the calculation of the Family Tax Cut to allow the unused tuition, textbook and education...[...]
As many of you may be aware, there are essentially three bodies of accountant that practice in Ontario: Certified Management Accountants (CMA’s), Certified General Accountants (CGA’s) and Chartered Accountants...[...]