by romzbajalan@gmail.com | Sep 12, 2016 | Articles, Businesses, news, Tax, Tips
Who wants to pay less tax? The best reason to incorporate your business is to save taxes. In Alberta right now, the highest personal marginal tax rate is 48% while the small business corporate tax rate is 13.5% and is set to be reduced to 12.5% in 2017. So, this means...
by romzbajalan@gmail.com | Sep 10, 2016 | Alberta, Articles, Businesses, news
Some may venture to say we are at the bottom of the cycle. Challenging times demand a tough mindset. According to Alberta Venture, having a diverse economy than that of the 80’s and the predicted rise in oil prices all contribute to new beginnings for Alberta...
by romzbajalan@gmail.com | Sep 9, 2016 | Articles, Businesses, news, Tax, Tips
Doing your taxes, business or personal, can lead to some late nights and can quickly become overwhelming. If you find yourself rationalizing these type of far fetched claims below, you may want to call an accountant to help you find another way to minimize your...
by romzbajalan@gmail.com | Sep 6, 2016 | Articles, GST, news, Tax, Tips
When we meet new clients, one of the most common places we can help them save money right away is with GST/HST. Many companies are filing more often than they need to be and are therefore often paying unnecessary late-filing penalties. Or else they are paying their...
by romzbajalan@gmail.com | Sep 1, 2016 | Articles, news
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...
by romzbajalan@gmail.com | Aug 31, 2016 | Articles, news
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...
