June 13, 2019

Employee or Contractor? (Part 1)

  Working people sometimes fail to consider about who they are, employees or contractors, very often employers want to save on source deductions and demand Contractor […]
May 24, 2019

Annual Return Filing (Part 2)

Annual Returns have to be filed in chronological order. This means that if you miss two years, you have to file   the first year before you […]
May 14, 2019

Annual Return Filing (Part 1)

In order to keep your corporation active, file your return by the last day of the month following the anniversary of the registration month. Must be […]
May 6, 2019

Tax Savings for Home Buyers

First-Time Home Buyers’ Tax Credit The credit allows first-time home buyers to claim an amount of $5,000 on qualifying homes purchased. It’s also available to those […]
April 26, 2019

Expenses for Self-Employed Truckers and the Transport Companies (Part 2)

  If you have the incorporated or unincorporated business, you can claim truck related and other expenses such as: Advertising Meals and Entertainment (50% vs. 80% […]
April 20, 2019

Long-haul Drivers (Part 1)

– defined as an employee whose main duty of employment is transporting goods by way of driving a long-haul truck, whether or not your employer is […]
April 8, 2019

Tax Savings For Working Canadians

Working Canadians have some tax benefits For 2019, the WITB was renamed the Canada Workers Benefit, but the benefit are similar. The Working Income Tax Benefit […]
March 22, 2019

5 Tax Tips for your income tax return

1. Make sure you file your tax return on time – the deadline is April 30, 2019 – thus you will avoid the late filling penalty […]
March 5, 2019

Canada Pension Plan (CPP) and Employment Insurance (EI)

Maximum pensionable earnings for the purpose of calculating CPP contributions have been increased from $55,900 to $57,400 for 2019. The annual basic exemption remains at $3,500, […]