by admin | Dec 29, 2016 | Tax tips
It is a party time. And it is almost tax time as well. There are various sets of ground rules on income from rental property(T776). Here are 5 tips in filing your rental property in personal tax returns. CCA CCA, capital costs allowance is a totally tax term. Simply...
by admin | Nov 27, 2016 | Tax tips
It is always good idea to plan your tax matters ahead of time while preparing your Black Friday shopping list. Personal Real estate is definitely on top of the list if you sold the property during 2016 calendar year. Different from previous years, the CRA has made it...
by admin | Oct 28, 2016 | Tax tips |
Becoming a landlord is a very exciting thing for a lot of people. While you report your rental income in your T-1, remember to take a look at the GST/HST issue on your rental property. If you, as a landlord, fail to collect the GST/HST on the rent, the Canada Revenue...
by admin | Oct 11, 2016 | Tax tips
Tax planning becomes more and more critical for many Canadian businesses. Simply speaking, the goal of tax planning is to maximize all the deductions available as well as defer the tax as much as you can to the future. Under the existing tax rules, a...
by admin | Oct 8, 2016 | Tax tips
A client in service industry recently launched a reward program in certain demographic areas in order to attract new customers and penetrate in the target market. What the client provided is a special one-time offer, which allows new customers to enjoy a discount of...
by admin | Sep 17, 2016 | Tax tips
If you have any questions about your tax filings and you want to call the CRA, then what should you do Here are some tips: Tip #1: be nice and polite CRA agents are human beings and they deserve respect as well. Talk to them nicely and explain the...
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