For many “wanna be” small business owners, working from a home office is often a factor in their decision to start their own business. Low overhead, more freedom, even may be staying in their pyjamas all day! But for many of us who have been operating a home-based business for a while, we know that […]
Getting sick isn’t something most of us think about. . . until an unplanned illness strikes like cancer or a heart attack. Today, thanks to medical advances and healthier living, we recover and get on with life. Fortunately we recover, but the business may not, UNLESS. the business owner had a critical illness insurance policy […]
As a business owner, there are so many demands on our time….staff, clients, marketing, office admin, accounting….the lists are endless. We’ve all read from numerous sources how fundamental it is to work on our business, instead of in our business. But the often missed topic and question is when do we work on ourselves? As […]
Any business owner that is running QuickBooks 2008 or earlier, an important message from Intuit Canada. AS OF MAY 31, 2011 live technical support and business services will be discontinued for QuickBooks 2008 Support Throughout March and April, we’ll be contacting QuickBooks 2008 customers to prepare them for this change. Why We Discontinue Support for […]
And the series of Tax Tips continues…this week’s information will be helpful to those individuals who purchased a home for the first time. This tax credit was introduced in 2009 and is completely independent from the Home Buyer’s Loan program by CRA. If you are a first-time homebuyer, a person with a disability, or an […]
Tax Tip #4 in our Series of Tax Tips…. A new change came into place in 2010 which affects the medical and dental expenses which can now be claimed for tax purposes. Medical or dental services or related expenses which are provided for purely cosmetic purposes are no longer eligible medical expenses for purposes of […]
Here is the next tip in our series of Tax Tips. There is usually an added benefit if payments for charitable donations for two years are grouped into one year. This is due to the fact that the first $200 of donations is eligible for a 15% federal non-refundable credit in 2010 while the excess […]
The RRSP Deadline for 2010 was March 1st, so if you haven't already contributed, you can't for last year. But this year is a whole other story.......
In 2010, the Ontario Government introduced a tax credit similar to the Federal Children’s Fitness Credit for children under the age of 16. ...