We take care of the Numbers so you can Focus on Business

Contribute to Your RRSP

The most popular tax tool available to taxpayers is investing in a registered retirement saving plan (RRSP). Contributions to RRSP’s are tax deductible and the income earned within the plan grows tax deferred until retirement. You can claim a contribution of up to 18% of 2017 earned income to a maximum of $26,230. Earned income…
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Ontario Passes Sweeping Labour Reform Law

The Ontario government passed sweeping labour reform legislation Wednesday, effectively rolling back many changes brought in by the previous Liberal regime. For the full article please visit: https://ca.finance.yahoo.com/news/ontario-passes-sweeping-labour-reform-170106244.html Some of the highlights to note: The Ontario government passed sweeping labour reform legislation Wednesday, effectively rolling back many changes brought in by the previous Liberal regime. A number…
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Wills and the Executor

A will specifies your instructions as to how your assets will be distributed on your death. In the will, you name an executor to act as your personal representative and to deal with all the tax, investment, administrative, and other duties involved in distributing and overseeing your assets as per your instructions. Some people feel…
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CRA Verifying Motor Vehicle Purchases

There is a recent CRA audit project targeting corporations who made motor vehicle purchases. The CRA is requesting documentation such as purchase invoices, and the percentages of business and personal use of the vehicles. There are many different angles the CRA can be using this information. First, they are verifying that the vehicle has been…
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