Everyone Pays Taxes Even Canada’s Olympic Medalists

According to Canadian tax laws, cash prizes awarded to Olympic medalist is taxable.  Olympic cash prizes range from $10,000 to $20,000 per member of the winning team.  Taxes are inevitable, make sure you are not caught off guard – plan accordingly so that you can keep more of it.

How Much Tax Are You Really Paying?

The Fraser Institute and the Canadian Taxpayers’ Federation (CTF) reports that 42% of an average Canadian family income goes towards taxes.  Taxes which are obvious and hidden.  Making sure to responsibly minimize your obvious taxes is something you need to figure out whether on your own or by a professional. …

A Simple and Effective Way to be More Productive

Time is a non-renewable resource.  This becomes very real very fast in the life of an entrepreneur.  “Thinking outside of the box” is what gives entrepreneurs the creativity needed to innovate and become better faster.  With what feels like a million things to do on your list finding a structured …

Entrepreneurship and Uncertainty

Life is full of uncertainty especially running a small business.  Learning to handle that well lays the foundation of success.  When trying something new and stretching yourself means leaving behind what is familiar, comfortable and predictable.  Find out how other successful entrepreneurs cope with uncertainty. http://www.forbes.com/sites/ashoka/2012/10/23/how-entrepreneurs-cope-with-uncertainty/#7a3d44704b85

Social Capital

As Canadians, we are fortunate to live in one of the wealthiest countries in the world. A recent study found that three of the world’s five most “liveable” cities are in Canada. However, with that advantage comes the opportunity to share with those who don’t have as much. We all …

GST For Small Business

CRA is hosting a free two-part webinar on March 16 and 23, 2016 on the basics of GST. Many small business owners are either new GST registrants or could benefit from a refresher on how GST work and the filing requirements. We offer GST reconciliation and filing as part of …

Top 5 Things To Avoid When Filing Your Return

CRA has assembled its Top 5 List of potential pitfalls. From missing slips to filing late (or not at all), we see these things all the time. Whether you have one T4 for the current year or 9 years of business returns to file, we can take care of you. …