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Just a little over half of the people in BC voted to get rid of the HST and back to the GST/PST. It took $1.6 billion from the federal government to roll out the HST, and it is estimated to take $3 billion to roll back. Seriously, didn’t we just go through all the hassle [...]
So the S&P downgrade US credit rating. What does that mean? How does it effect small business? I believe it gives Canadian small business good growth opportunities. According to The Globe and Mail, not only inventors and traders have no confidence, but small business in US also. 88% of US small business expect a recessionary [...]
The market goes into a nosedive today (Thursday), and everybody and news channels are talking about the panic. Even the gold price plummet slightly today! Are we scared yet? It seems that the recession in 2008 was just a little wave compare to this tsunami heading toward us. The whole world seems to have be [...]
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Monday night the Conservative won majority which is not that surprising, the NDP was a surprise not only myself. I am not a politician, and frankly I am not very interested in the fight between all these political parties. However, since Stephen Harper now lead a majority government, let’s revisit his platform and promises, in [...]
Canada Day, also the first day of HST officially apply to British Columbia and Ontario. Who To Call for HST Questions? CRA has taken serious step to assist business on this transition. Even Canada Day they are still working to serve us. If you have any questions regarding HST you can call 1-800-959-5525 from 9:15am [...]
July 1, 2010 is an important day for all of Ontarians. Ontario has proposed a tax reform to follow some other province’s’ footsteps to combine both GST and PST into one, called Harmonized Sales Tax (HST). Right now we in Ontario are paying both GST and PST in some items, while other items we only [...]
Time flies! Half a year has almost passed by us. If you have been trying to fix up your living space, and haven’t have time to act on it, this is the time. Why? Because we have a home renovation tax credit (HRTC) only for this year. To be more accurate, it is for any [...]
The deadline to file your income tax return is approaching quickly. Only three more weeks to April 30th, and you still haven’t received your T4 from your employer! Despite efforts of trying to get in touch with the employer, still you have nothing. A lot of people haven’t received their T4 slip from their employer [...]
Tax season is approaching. By now you should have received your income slips from your employer. If you are a business owner, you probably also wants to find out how much tax you will need to pay for all the income you earn in the year 2008. Without going into all the budgets nutty gritty [...]
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