Tax Tip Thursdays with The Mad Accountant on 105.5 HITS FM
We are on the radio every Thursday morning at 8:10, with Morning Den host Dan Pollard, giving YOU our latest tax tips. You can listen to highlights and full episodes below, and even engage in discussion with us using the blog posts at the bottom of the page. Hear something you like? Please don’t hesitate to give us a call.
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TTT: Review Notices
Don't panic if you get an envelope from the CRA! Review Notices are common, especially this year. It is just the CRA asking you to provide some documentation to support claims you made on your tax return. They are usually very simple -- just read the letter carefully.
TTT: Personal Information On File & MyCRA Account
Did you know that the CRA has online self-service portals where you can review and edit your tax information? They are incredibly useful and are essential in some cases. But they take a while to set up, so don't wait until you actually need it! Get MyCRA today.
TTT: Health Spending Accounts Part 2
Give back to your employees and save a few bucks while you're at it! Every employee enjoys having health benefits with their job. It relieves a lot of financial stress, and improves employee loyalty. Find out how today.
TTT: Health Spending Account
Got medical bills? Don't we all. As a business owner, these bills can really add up without insurance. Learn how to get your business paying for these bills with pre-tax dollars instead!
TTT: Pros and Cons of Incorporating a Business
Wouldn't your business sound better with "Inc." at the end of it? It sure sounds more professional, right? Incorporating is a lot more complicated than just the name, though. Find out what it takes and why you should consider it here.
TTT: Small Businesses and Keeping Records
Did you start a small business during the pandemic? Good for you! Or maybe you already had one. Regardless, bookkeeping is one of the tedious things that you absolutely must do. Don't fall behind! Learn what you have to do.
TTT: Severed Lots, Vacant Land, Capital Gains, and HST
Looking to sever your land and sell some or all of it? The tax implications can be complicated, and are based on multiple factors. Learn some of the ins and outs of real estate taxes here!
TTT: Principal Residences
Selling your home, or own multiple? Learn how to take advantage of the Principal Residence Exemption effectively and without accidentally owing the CRA a bunch of money!