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Why Use A Bookkeeper? 12 Feb 2013 | 06:05 pm
Bookkeeping is an important part of your business! The information in your bookkeeping system tells you how your business is performing and helps you make informed decisions. Without an effective boo...
Tax & Owning Rental Properties In Canada 8 Feb 2013 | 11:41 am
Perhaps you moved out of the country for a few years and then decided to make it permanent or you have purchased property in Canada as an investment to generate income. No matter the reason, you shou...
Medical Professional Corporations & Tax Benefits 7 Feb 2013 | 07:30 pm
Ontario allows regulated health practitioners to incorporate and reap the benefits of operating through a corporation. This means that Physicians, Dentists, Surgeons, Audiologists, Dental Technicians,...
Death & The Shareholders Agreement 6 Feb 2013 | 07:00 pm
The shareholders agreement is an important part of your business. It addresses many common situation business owners may face when they have partners in the business. Your shareholders agreement is a...
Personal Services Corporation-What You Need to Know 5 Feb 2013 | 07:00 pm
If you are an IT consultant or work on a contract basis, you should be aware that in October 2012, the government increased the tax rates for personal services corporations by 13%! This change in the...
Why Use An Accountant 4 Feb 2013 | 07:01 pm
Accountants do more than your bookkeeping and prepare your taxes. In fact, an accountant with a professional designation has expertise in finance, business management, technology, taxation, and busine...
Tax Tip: Disability Tax Credit – Do You Qualify? 3 Feb 2013 | 07:00 pm
You may be surprised to know that the federal and provincial governments offer generous personal tax credits for: Persons with disabilities, or The person who supports another person (family member)...
Tax Tip: Defer Capital Gains 29 Jan 2013 | 07:00 pm
When you sell certain types of property including shares, real estate, a business or farm for a gain you may be able to defer the tax on the capital gain for up to 5 years and in in certain circumstan...
Tax Tip: Group Medical and Medical Expenses 28 Jan 2013 | 08:30 pm
If you are a member of a group medical insurance plan and you pay all or a portion of the premium through payroll deductions, those premiums may qualify as medical expenses for the medical expense tax...
Tax Tip: Incorporate & Split Income 27 Jan 2013 | 12:34 am
Here is a proven strategy to reduce your overall tax bill by incorporating your business. The top personal tax rate in Ontario is 45% on income over $132,000 and 48% on income over $500,000. For smal...
