Income Splitting in Canada for 2023
The federal government’s expanded Tax on Split Income (TOSI) rules came into effect on January …
I arrived to a meeting with a new client. It ends up being a 20 year old gentleman and he's just dropped out of university to pursue a groundbreaking technology that's going to save lives. Everything sounds fantastic. "Except there's just one issue", he says, "I haven't filed my taxes and it's really "putting the whole project into jeopardy." The concept of taking an idea and transforming that into a groundbreaking technology that's going change the world, it's fascinating to me. I started my first business when I was 14 years old. I love the thrill of starting something from scratch.
When I went into accounting, I knew I wanted to start a different type of firm. A firm that understands the needs of entrepreneurs and small business owners. An accounting firm with the soul of a startup. When I'm on the phone with a client and they're having parallel issues or they require HR advice, they may have had a breakout year and there's this huge tax bill that they're worried about, I understand what they're going through because I have been there before. I love working with groundbreaking companies and alleviating some of the stress that comes with accounting and taxation.
That 20 year old university dropout has now raised millions of dollars. We've helped him get the necessary support through government tax credits. He's well on his way to building that groundbreaking technology which is going to save lives. I love the fact that we get to help him get there.
The federal government’s expanded Tax on Split Income (TOSI) rules came into effect on January …
A growing segment of the Canadian population is self-employed, and many are operating their business …
Many Canadians may have challenges saving money for retirement due to the different situations and …
Resources and Tools to Sort Out Your Personal Taxes for 2022 The tax season in …
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It’s that time of the year again when you have to take out all your …
Generally, when an employee receives a gift or an award from the employer it is …
What is a Capital Gain or Capital Loss? When you sell a capital asset or …
A corporation is a separate legal entity from an individual, meaning that its assets and …
The obligation for filing your taxes in Canada is primarily based upon an individual’s residency …
Business owners work hard to set up their businesses and generate profits. During the first …
Most Canadians and Americans think they don’t need to report their cryptocurrency dealings. Here is …