Owning a rental property is not easy. And not just because of bad tenants! Even the financial side of it can be complicated, and it's important to make sure you get it done right or it could cost you big. If it were easy, everyone would do it! Hire an accountant to make sure you've got the business plan done well and know what to expect.
Have you been keeping up with your bookkeeping for your business? It's a task that many people fall behind on or just don't do at all, and it can cause some real headache. Especially around tax season.
'tis the season! Everybody is getting their T4s from their employers and it's time to file your taxes for last year. There can be some pretty significant penalties for filing or paying late, but there's never any penalty for filing early. Check your deadlines!
Upgrading your home to make it safer for yourself or a senior loved one? Make sure you claim that! But take care to make sure it's properly documented and that both you and the expense are eligible.
Married? Awesome. Not only for your home life, but also for your finances! There are plenty of ways to split your income with your spouse that can save you a buck or five on your taxes at the end of the year. But it can be tricky, so make sure you get it done right.
There's a big difference between someone who works for themselves from their home and someone whose employer allows them to work from home. And not just for how you structure your day! It can play a big role in how you file your taxes.
Working from home? Great! Time to save a little on your taxes. There's a couple of ways to tackle this one, so make sure you pick the one best suited for you!
Another year, another change to how the CRA does things. Except there's lots of changes this year! Some of it might cost you money and some if it might save you money. Learn about the changes for 2023!
Employment Insurance is a complicated topic that can leave a lot of people scratching their heads. Especially if the CRA is telling you that you owe money because of it! Clear up some of the fog and make sure you're getting your entitlement properly.
Make sure you stay ahead of the curve this year! There can be some serious penalties for late filing if you owe money. Read more to find out what you need to know.
