Two Tier Tax System?

Two Tier Tax System?

Guy Caron, a Member of Parliament for Rimouski, Quebec has recently written a scathing condemnation of CRA and how they treat affluent people vs how they treat average taxpayers. He gives examples of double standards in assessing penalties, protecting anonymity, and a...
Get a Receipt

Get a Receipt

We told you earlier about how to claim meals and entertainment as a business expense. It’s always important to get a receipt in order to claim the deduction on your taxes but CRA has launched a new campaign that gives another good reason to ask for a receipt...
Picking up the Cheque

Picking up the Cheque

One of the most misunderstood business deductions is the “meals and entertainment” claim. Either people forget to save their receipts and don’t claim it at all, or they treat their whole party because it’s a business write-off. The basic rule...
Is Your Business Off Track?

Is Your Business Off Track?

You are putting in the long hours and starting to feel a bit burned out.  Business is not as usual.  You are finding it a struggle to keep up with all the business expenses not to mention the upcoming tax bill around the corner.   Pretending there is no problem does...