How is an Internet Business Taxed in Canada?

Essentially, Internet businesses are taxed in the same way that all businesses are taxed. The Canada Revenue Agency, or CRA, does not base its system of taxation on the way in which a business chooses to go about its operations, … Read More

How to reduce mail from the Canada Revenue Agency?

Did you know that you can tell the Canada Revenue Agency electronically to stop or restart the mailing of certain communication items to your place of business? If you prefer not to receive your statement of arrears, statement of interest, statement … Read More

How to set up a Business in Canada?

Chances are high that you plan to kick off a new business in Canada or why else would you be here? The idea of starting a business in Canada sounds interesting. To be able to give a tangible shape to … Read More

Tax Free Savings Accounts and Penalties

Recently we have had some clients approach us with letters received from the Canada Revenue Agency regarding their tax free savings accounts (TFSA) and a tax payable on over-contributions. The letter includes a Tax Free Savings Account Return and a … Read More

Get a Head Start on Tax Planning for next year

Now that the April 30 Personal tax deadline has passed and your taxes are (hopefully) filed, make sure to plan properly for the 2010 tax year. In order to make next year’s taxes worthwhile, you need to make some changes … Read More

On Your Side – Tips for filing taxes

The following newsclip was aired on CTV Montreal News at 6pm today Monday April 26, 2010.  Please take a couple minutes to view this clip on e-mail fraud and penalties if you do not file your income taxes on time. … Read More