TTT: Tax Tips & Tricks 101
Simon Gladstone2024-11-08T17:12:55-05:00An excellent way to reduce the taxes you pay is to split your income with your spouse. This isn't a magical solution that saves everyone money, but it can help in a lot of cases!
An excellent way to reduce the taxes you pay is to split your income with your spouse. This isn't a magical solution that saves everyone money, but it can help in a lot of cases!
We talk about bookkeeping a lot on this show, and it's for good reason. It's a key component of running a tight ship when it comes to your business, and yet so many people are sleeping on it. It can be challenging to do properly on your own, too, and that's why we are starting a six-week campaign of free one-hour bookkeeping sessions! Don't miss out!
CPP payments are changing this year. It's important to understand what the changes are and how they affect you, and we've got you covered.
Do you know what you can and can't deduct? How about interest?
Lots of individuals and business owners think they can do their taxes and manage their books properly all on their own. Some are correct! But 9 times out of 10, we are able to find several mistakes that have cost the client money. Accountants are always worth the investment. Keep more of YOUR money in YOUR pocket!
Lots of individuals and business owners think they can do their taxes and manage their books properly all on their own. Some are correct! But 9 times out of 10, we are able to find several mistakes that have cost the client money. Accountants are always worth the investment. Keep more of YOUR money in YOUR pocket!
With updates published about the new Bare Trust rules for 2024/2025, there are a lot of challenges coming the way of both the tax payer and accountant alike. Make sure you understand what's going on and how it changes so you can be prepared.
Budget 2024 has been a contentious one for lots of reasons, and the new Canadian Entrepreneurs Initiative (CEI) is not exception. While it is problematic for lots of reasons, it actually does benefit small businesses.
If you have investments (stocks, options, real estate -- anything), it's very important to keep track of it. Especially if you have kids! These affairs all need to be tracked anyway for tax purposes, but if these things ever get passed on to your kids they will definitely be looking for the info.
Have you created your MyCRA account yet? What about for your business? These are absolutely essential these days, especially for businesses. In fact, we cannot do our jobs without access to your MyBusiness account, so you need to create one! Read here for instructions.