Do you own an incorporated small business? The federal government is proposing some significant changes to the tax rules around these entities. Coming into effect in 2018, these changes will mean significant changes for the way small businesses file their taxes. Be sure you and your c

After almost 14 years of tax experience, I’ve recently discovered that most people unfortunately don’t know their basic rights when it comes to claiming their tax deductions or credits. Individual taxes are becoming more complex and you should seek advice from tax experts.

Below the major upcoming some changes effective for the 2014 tax return! When you register for online mail, the CRA will no longer mail notices to you. Instead, you will receive an email notification that there is mail for you to view on the MY Account on line service You or your spou

If you are an owner of a small business and you already set up a corporation, you may consider “Shareholder Loan” before paying yourself a salary or dividends. Shareholder Loan means, when the owners of the business pay for the expenses on the behalf of their corporation therefore the

Tip#3 Salary & Dividend Mix: Following my previous blogs, the last option about how I should  pay myself at the end of this year would be if the owners of corporation are using a mix of dividends and salary in order to minimize their taxes. They still have to pay some taxes and CP