Taxes

In good company (Abridged)

As you know, we work with a lot of start-ups and new businesses. This is a topic which causes some confusion. So time for another public-service blog to clear it up… There’s a lot more to this, but here are the highlights. A lot of people use the...

Write-off – or wrong?

So… here are a couple of things I’ve overheard on buses, trains and planes recently: “He tells me it’s a great investment – you get a complete tax write-off for it.” “My brother started this business last year and he’s paying no taxes...

Phone Scammers – They Even Call Accountants

Imagine my surprise when I arrive home to find a voicemail that insists that I owe money to Canada Revenue Agency (CRA) and if I don’t return the call they will take legal action.  I deal with CRA daily and even though I know CRA would never call and...

HST 101

Sorry, not the most exciting topic. But I get asked about HST – at a fairly basic level – at least twice a week. So please view this as a public service blog…. As consumers, we all know what HST is: it’s that annoying tax (normally 13% in Ontario)...

Free Money From The Government!

OK, that should generate a few click-throughs… Believe it or not, it does exist. But it’s not lying on the ground. And, as a taxpayer, I’m quite glad about that. The government often supports things it wants to promote – eg. health, arts,...