10 November, 2009 (15:03) | Canadian Tax Tips, Corporate Tax, Personal Tax, Small Business Tax | By: Cecilia Leung
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 [...]
Tags: Combined Sales Tax, HST, Ontario HST
Comments: 5
12 May, 2009 (14:42) | Personal Tax | By: Cecilia Leung
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 [...]
Comments: 7
8 April, 2009 (22:24) | Personal Tax | By: Cecilia Leung
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 [...]
Comments: 12
28 February, 2009 (22:15) | Canadian Tax Tips, Corporate Tax, Personal Tax, Small Business Tax | By: Cecilia Leung
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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12 February, 2009 (18:32) | Personal Tax | By: Cecilia Leung
As tax time approach, and since I have nothing btter to do on the bus ride home, let me take this opportunity to remind you the tax deadline, and don’t forget to get the most tax refund you can! Deadline for submitting you tax return to CRA are as follows: Deadline for Individual: April 30, [...]
Tags: tax return deadline
Comments: 2
4 January, 2009 (15:19) | Personal Tax | By: Cecilia Leung
2009 has begun, and you are already seeing a lot of promotions from banks and other financial institutions on this thing called Tax-Free Savings Account – TSFA. If you have a banker or a financial advisor to handle your investment and retirement portfolio, you will probably receive calls from them once they come back from the [...]
Tags: TSFA
Comments: 14
20 March, 2008 (11:30) | Personal Tax, Small Business Tax | By: Cecilia Leung
To file your personal income tax return, you can: Go to any postal office and pick up a Tax Package if you have not received one from your mail. Go to http://www.cra-arc.gc.ca/formspubs/t1general/menu-e.html, select your province and print out those forms that you need. File online. There are software or even online filing available for a [...]
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20 March, 2008 (11:30) | Personal Tax, Small Business Tax | By: Cecilia Leung
This is pretty much the same as every year. But just in case you forgot, here it is! DEADLINE FOR FILING TAX: APRIL 30, 2008 Related Articles: Canadian Tax Tips 2007 – What can you claim? How to file your own tax File Tax Online – Netfile vs Efile Need Bookkeeping Services? We can help. [...]
Comments: 1
20 March, 2008 (09:16) | Corporate Tax, Personal Tax, Small Business Tax | By: Cecilia Leung
There are two ways you can file online. If you are filing your own tax and have been browsing the CRA website, you should know that there are two options: Netfile, and Efile. So what is the different? Which one should you use? Netfile is intented to use for personal or family use only. Each [...]
Comments: 2
12 March, 2008 (08:13) | Personal Tax | By: Cecilia Leung
In my experience, most of my clients have never been able to obtain the most tax return they are entitle to, despite the number of times I have tried to obtain the correct information from them so they can take the most advantage of our tax law. The problem is that, most people come in [...]
Comments: 2