Category: Tax Tips

What books and records must you keep for your business?
Corporate Tax, Professional Corporation, Tax Tips
What books and records must you keep for your business?

If you are carrying on a business in the form of a sole-proprietoriship, partnership, corporation …

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5 Tips to reduce taxable income in Canada
Tax Tips
5 Tips to reduce taxable income in Canada

Interested in how you can lower your taxes? Want to learn ways you can reduce …

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How to reduce your debt.
Personal Tax, Tax Tips
How to reduce your debt.

In Canada, we have some of the highest debt per capita on the world.  Small …

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Tax Tips & Implications of owning a Cottage or Recreational Property
Tax Tips
Tax Tips & Implications of owning a Cottage or Recreational Property

As per CRA guidelines, individuals (Note: Couples- are considered one individual) are entitled to have …

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Want to develop an app or website - See how the government will fund your project!
Tax Tips
Want to develop an app or website – See how the government will fund your project!

If you’ve developed an interactive website, mobile application or any digital media product in Ontario, …

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Child Care Expenses - Tax Benefits & Tips
Tax Tips
Child Care Expenses – Tax Benefits & Tips

Child care expenses can be deducted from income if you as the parent incur these …

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Employee or Not Employee…that is the question!
Tax Tips
Employee or Not Employee…that is the question!

Employee vs. Self-Employed (Contractor) Assessing the nature of a business relationship to determine whether an …

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Who can incorporate in Canada? – Professional Corporations
Tax Tips
Who can incorporate in Canada? – Professional Corporations

As Chartered Accountants in Toronto and Mississauga we are often asked if individuals are allowed …

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Holiday Spending Tips!
Tax Tips
Holiday Spending Tips!

Don’t break the bank this holiday season! With the holidays just around the corner, most …

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Should I incorporate my business?
Tax Tips
Should I incorporate my business?

Should I incorporate my business? As Chartered Accountants in Toronto and Mississauga new clients often …

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Home Buyers’ Plan – How to use RRSPs to help fund your first home!
Tax Tips
Home Buyers’ Plan – How to use RRSPs to help fund your first home!

What is the Home Buyers’ Plan? Under the federal government’s Home Buyers’ Plan, you can …

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Variable or Fixed Rate Mortgage Rates? That is the question.
Tax Tips
Variable or Fixed Rate Mortgage Rates? That is the question.

I am at the age now where most of my close friends are settling down …

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5 mistakes of borrowing to buy a car!
Tax Tips
5 mistakes of borrowing to buy a car!

As Chartered Accountants in Toronto we often see individuals make big mistakes that cost thousands over …

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The Tax Impact of Buying Back Gold and Silver Jewellery
Tax Tips
The Tax Impact of Buying Back Gold and Silver Jewellery

With Gold and Silver touching every day new highs, many independent jewellery stores are being …

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5 fantastic tips to reduce your taxes on employment income!
Tax Tips
5 fantastic tips to reduce your taxes on employment income!

Every year you work extremely hard with the intention to make more money so you …

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Private Health Service Plans: How your family’s medical bills can save your business a lot of money…
Tax Tips
Private Health Service Plans: How your family’s medical bills can save your business a lot of money…

Private Health Service Plans (“PHSPs”) have been around for a number of years, yet people …

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