An RRSP is a great way to save for retirement and cut your tax bill, but there are other ways you can use your RRSP to achieve your goals. For most people, an RRSP is a way to save for retirement and pay less income tax. Although RRSPs remain a great tool for retirement planning, … Continue reading 6 things you may not know you can do with your RRSP
It’s easy for Canadian small business owners to get caught up in payroll complexity. According to a recent government report, approximately 90,000 small businesses shut down every year in Canada — as a result, effectively managing payroll is critical to ensure long-term business success. We’ve put together a guide the tells you all you need to … Continue reading Calculating Payroll Tax in Canada: A guide for small businesses
Are you among the more than 1.5 million Canadians working as an unincorporated business? These expert tips will help you navigate this tax season and beyond. If you’re earning income outside of what you do as an employee, you’re considered to be your own business in the eyes of Canada Revenue Agency (CRA). And no … Continue reading 4 tax tips for your unincorporated business
When Finance Minister Bill Morneau introduced a motion earlier this month to keep the Liberals’ election pledge to cut income taxes for the middle class, he called the measure “significant” and said it would impact 20 million Canadians. But most Canadians would have to study their pay stubs very closely after Jan. 1 to detect that tax cut and other changes … Continue reading Are 2020’s tax changes ‘significant’ or ‘a wash’?
Majority of the small business organizations constantly keep juggling between competing priorities and making important decisions to allocate their business resources and make them work in the best way. If you’re starting off with a small business with a tight budget or you’re bootstrapping, you have most probably spent a lot of time trying to … Continue reading Realizing The Need of Hiring An Accountant for Your Small Business
Over the years, you may have gotten money advice from various people, from your parents to a certified financial planner (CFP). However, until you implement that advice, it’s hard to know what will work for you. There’s a lot of different financial advice out there, and too much can be overwhelming and demotivating, Andrea Woroch, … Continue reading 11 financial experts share the best money advice they’ve ever received
The Canada Revenue Agency is using a new tool in its battle against tax evasion — one that experts say could radically change the way it pursues tax cheats. For the first time, the agency has used proceeds-of-crime provisions in the law to freeze the assets of individuals charged with tax evasion.Up to now, those … Continue reading CRA deploys new weapons against tax evasion: Freezing assets, seizing property
It’s clear we’re running out of options to prevent an environmental catastrophe. According to a very scary report from the UN climate change panel, if we don’t act now we face a worldwide disaster as early as 2040 that includes worsening food shortages… Click on the following link to read more: More Information