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Paying Yourself Dividends – Pros and Cons
This method is used by a lot of business owners, directors and other board members, since they are investors of the business. What is Dividend? Dividend is the return on investment from the business...
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File Tax Online – NetFile vs EFile?
There are two ways you can file online. If you are filing your own tax and have been browsing the CRA website, you should know that there are two options: Netfile, and Efile. So what is the different?...
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T1 General – Personal Income Tax Filing Deadline 2007
This is pretty much the same as every year. But just in case you forgot, here it is! DEADLINE FOR FILING TAX: APRIL 30, 2008 Related Articles: Canadian Tax Tips 2007 – What can you claim? How to file...
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How to File Your Own Tax Return
To file your personal income tax return, you can: Go to any postal office and pick up a Tax Package if you have not received one from your mail. Go to...
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Budget 2009 – What are the Tax Benefits?
Other than fiscal spending to stimulate the economy, spending on infrastructure and such, I am going to focus on the tax benefits introduced just yesterday in Jim Flaherty’s Budget 2009. It is...
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2008 Payroll T4 Deadline
Although I have posted this deadline last year, I would like to remind you on the day as the deadline for submitting T4 slips for your payroll is approaching very quickly. This also applies to all...
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Tax Rate 2008
Tax season is approaching. By now you should have received your income slips from your employer. If you are a business owner, you probably also wants to find out how much tax you will need to pay for...
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Ontario Combines GST and PST into HST, Good or Bad?
July 1, 2010 is an important day for all of Ontarians. Ontario has proposed a tax reform to follow some other province’s’ footsteps to combine both GST and PST into one, called Harmonized Sales Tax...
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Beginning of HST – How HST Affect Your Business
Canada Day, also the first day of HST officially apply to British Columbia and Ontario. Who To Call for HST Questions? CRA has taken serious step to assist business on this transition. Even Canada...
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Paying Yourself Dividend vs Salary (Part 2)
A few years back I have written an article about how to pay yourself, and in there we have compare the difference between dividend and salary. At that time the legislation of Trust (T3) has changed...
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