by Chris Hammond | Nov 23, 2017 | News
2018 is almost upon us as the year draws to a close. It’s time, once again, to take advantage of the many personal and business RRSP and tax-planning opportunities that are still available. Contribute to Your RRSP The most popular tax tool available to taxpayers is...
by Chris Hammond | Oct 2, 2017 | News
On January 1st, 2017, the LCGE increased to $835,716 of capital gains realized by an individual on qualified small business corporation shares. The LCGE has been indexed to inflation for the years following 2014. The new limits apply to any taxpayer who has claimed...
by Chris Hammond | May 17, 2017 | News
If you run your own business or you are self-employed, you may be tempted to report only part of your income to the tax authorities. Or you might consider suppressing information about your activities. If you are audited by the Canada Revenue Agency (CRA) you should...
by Chris Hammond | May 4, 2017 | News
Voluntary Disclosure Program If you owe money to any of the tax authorities because you failed to file a return for one or more years, you should take advantage of the voluntary disclosure program. Typical voluntary disclosures include; domestic business income never...
by Chris Hammond | Mar 18, 2017 | News
What if I Can’t Pay my Taxes? First of all – don’t panic! You’re not alone; many taxpayers have found themselves in financial distress and unable to pay immediately. If you cannot pay the full amount of taxes you owe, you should still file your return (or...
