CRA Calls Small Businesses a “Priority”

In the middle of October, 2012 the CRA published the new…

2011 Year-End Tax Planning Tips

As we approach the end of 2011, it’s a good time to…

CRA Targets eBay Power Sellers. Who Is Next?

It is no wonder the Canada Revenue Agency is looking…

Tax Tips on Child Care Expenses

You may claim child-care expenses to reduce your tax if…

Q&A for the Home Renovation Tax Credit (HRTC)

1. What is the Home Renovation Tax Credit (HRTC)? The proposed…

TFSA Account

Ottawa, October 16, 2009 The Honourable Jim Flaherty,…

Deducting Your Home Office Expenses

Every home-based entrepreneur can and should deduct a portion…

List of Deductions Available to Business Owners

• Mortgage interest or rent (partial or in whole) • Gas,…

I Have Been Selected for Audit – Now What?

Auditing allows the Canadian Revenue Agency (“CRA”) to monitor…

9 Expensive Mistakes Canadians Make When Filing Tax Returns

#1 Doing it yourself when it comes to taxes Income Tax is…

Business Start Criteria

In order for any amounts to be deductible on tax return,…

Do You Really Have a Business?

You might find it surprising but the CRA, the courts and taxpayers…

Operating and Capital Expenses

Operating expenses are expenditures that are necessary…

Record Keeping

First of all, remember that any credit amount showing up…

Rules for Hiring Family Members

You can hire your spouse or other family members to work…