Heads up, subcontractors! If you work in an industry that normally issues a T4 slip, you might be paying more taxes than necessary. Common T4 issuing industries include massage therapy, instructional institutions, sales people, among others. If you’re commission...
Does your tax person have a sense of humor? We do! And we are not scared to poke a little fund at ourselves! Here is a bit of “tax person” humor to sweeten your day! Remember: A fine is a tax for doing wrong. A tax is a fine for doing well....
Well, it’s officially tax season again! Which means there are a lot of business owners trying to get their business paperwork together so that you can file your personal taxes. As a tax preparer, there are a lot of mistakes I see business owners make,...
Simply defined, a Trust Exam is when the Canada Revenue Agency sends someone out to look at how you’ve handled your Trust Money. That is, payroll and GST remittances that you’re holding in trust for those government taxes you owe. Trust Exams are usually triggered for...
Disclaimer: The purpose of this blog is to provided a general sense of information. Everyone’s situations are unique; there is no one size fits all when it comes to employees, subcontractors, the work they do, labor laws and Canada Revenue Agency obligations. The...
