Browsing the "Personal tax" Category →

Happy New Year!  And like the card section of the local Shoppers Drug Mart already planning for Valentine’s Day, I have already began planning for the 2014 tax season. The start of planning is the...

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Canadian Taxation

De-tax! De-tax!

December 31, 2013 | 0 Comments

An interesting term for people trying to sell tax evasion schemes in Sorry. Incomes taxes are legal “These “de-taxers” offered seminars and informed paying attendees income tax was the result of either a conspiracy, or an uninformed...

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Canadian Taxation

Top Ten CRA Audit Flags

December 12, 2013 | 0 Comments

A great article that gives you some input as to how CRA thinks: Top Ten CRA Audit Flags Some of these are specific to corporations, some to individuals and some apply to both. 1) Inconsistencies between third...

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The 2014 tax season is coming and, if you are an early filer, here are six important points you need to remember about the upcoming tax season. The CRA will not process e-filed tax returns...

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Canadian Taxation

Cat and Tax act

December 7, 2013 | 0 Comments

Here’s an interesting article by H&R Block though it doesn’t say if it’s related to Canadian or the US Tax Court Unbelievable Tax Deductions and Facts  “The Tax Court decided a farmer was allowed to claim...

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Canadian Taxation

Employee tax breaks broke

December 5, 2013 | 0 Comments

  A little bit of false advertising with the title Tax breaks for employees: Eight strategies that can save you money. “1. Reduce your tax deductions at source“ Reducing your tax deductions at source does...

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Canadian Taxation

Appropriately managed, as intended

December 4, 2013 | 0 Comments

I love the title of this article: Canada ‘Appropriately Managed’ Liechtenstein’s Tax Info It’s interesting, the placement of quotes by the author of the article, in relation to statements made by the CRA. “The Canada Revenue...

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Canadian Taxation

6 considerations with estates

December 2, 2013 | 0 Comments

An interesting and informative article that touches on three big mistakes when planning your estate Want the kids to inherit the house? Avoid these common tax mistakes 1. Houses and cottages “As a rule of thumb,...

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