Small Business Rate Reduced

Small Business Rate Reduced

The federal government announced today that they intend to honour their campaign promise of 2015 to lower the small business corporate tax rate to 9% over the next 15 months. This would bring the combined federal and provincial taxes on the first $500,000 of annual...
Filing as a single parent

Filing as a single parent

A single parent income tax return is one of the most reviewed returns by the Canada Revenue Agency. To avoid delays with either your income tax refund and/or your child tax benefits please bring the following information to your appointment. Court order or custody...
What is my marital status for tax purposes?

What is my marital status for tax purposes?

This is a question that we hear on a consistent basis. Most people know if they are single or not, married or not, widowed or divorced but what about the in-between.  What are the rules on this topic for tax purposes? What people think and what the Canada Revenue...
Tax Fraud – Not Worth It

Tax Fraud – Not Worth It

Tax fraud is rampant and there seems to be no shortage of accountants willing to look the other way.  If your accountant is writing off expenses that are overstated, not only are you breaking the law, you will be facing some major fines putting your personal life and...
The Importance of Accounting

The Importance of Accounting

Why is accounting a vital part in running a successful business?  It’s all about creating the freedom you want for yourself and for the ones you love.  The structure of any business is that money comes in and that the money goes out.  Accounting looks at this closely...