by My SEO Sucks | Apr 12, 2021 | Uncategorized
We all make mistakes, but making one on your annual tax return can be costly and can lead to you paying extra penalties or even facing prosecution. It could be something as innocent as a calculation error on your tax form or deducting personal expenses from your...
by My SEO Sucks | Jul 30, 2020 | Uncategorized
Canada’s income tax system is a self-reporting and self-assessing system. This is different than the tax systems of other countries where the government assesses the taxpayer and financial intermediaries, and other payors report the various income amounts to the...
by My SEO Sucks | Jun 15, 2020 | Uncategorized
Almost all Canadian resident taxpayers and, in some circumstances, non-resident taxpayers, have to file various returns with the Canada Revenue Agency. If a taxpayer fails to file a tax return when and as required, the Canada Revenue Agency (CRA) can either make a...
by My SEO Sucks | Jun 12, 2020 | Uncategorized
Every person who is taxable in Canada is required to file a return with the Canada Revenue Agency within specified timeframes. There are some limited circumstances where there is no requirement to file a return, but for most people a return (or a number of returns)...
by My SEO Sucks | Jun 12, 2020 | Uncategorized
The concept of “Net Worth” is used in taxation, originally, as part of the definition of what counts as and what doesn’t count as income. The initial analysis created a relationship between “net worth”, “personal expenditures”, and “Income”. In effect, the equation...
by My SEO Sucks | May 1, 2020 | Uncategorized
The GST/HST is a value added tax that applies to the additional value created by a business in the supply of a good or service. GST stands for “Goods and Services Tax”, and is the tax collected by the Federal Government. In some cases, Provinces chose to opt into the...
