Tax Tips

Myth or Truth. Do The Wealthy Pay Less Tax?

Myth or Truth. Do The Wealthy Pay Less Tax?

October 06, 2020

In Canada (perhaps throughout many parts of the world even), we regularly hear that the wealthy should pay more tax. This blog is a missing na...

Self-Employed Do Eventually Retire

Self-Employed Do Eventually Retire

September 14, 2020

Self-employed small business owners, will all eventually retire. Without a pension plan like government employees or even some employees of pr...

Understanding The Basics Of Tax

Understanding The Basics Of Tax

August 31, 2020

In Canada, every person is required to file a personal tax return. There is no age limit. Even at the age of 2, if you have taxable sources of...

Financial Statement Reporting Standards Are Changing

Financial Statement Reporting Standards Are Changing

August 10, 2020

CPA Canada has made significant changes to the NTR reporting standards to clear up any confusion between management of companies, practitioner...

Updating Your Marital Status

Updating Your Marital Status

August 06, 2020

Why does CRA care whether you are married, living common-law, widowed, divorced, separated or single? Your marital status affects the benefits...

How Business Owners Can Supersize Retirement Savings

How Business Owners Can Supersize Retirement Savings

January 15, 2020

The use of a corporation can be very beneficial for an owner if they are in the habit of saving within their corporation. Small businesses hav...