Taxes

Taking the trauma out of the tax return

Yes, it’s that time of year again…cue music – “It’s the most wonderful time of the year” I’ve said it before and I’ll say it again: Nobody enjoys doing their taxes. Although, personally, I like one thing about this time of year: I...

Would You Like Your Receipt?

We get them all the time, they end up in our car, our purse, our pocket, crumpled in a ball with coffee spilled on them, piled in a tray on your desk and used as scrap paper. It’s not until you get an audit from CRA that you really take notice of what...

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...