Ontario’s Plan to Protect What Matters Most The first Budget of Ontario’s Government for the People sets out a five-year path to a balanced budget to protect critical public services like health care and education. Click here to read entire Article.

Perhaps you heard about the Bank of America ATM in Houston that mistakenly dispensed $100 bills instead of $10 bills this past Nov. 25. When the news got out on social media, quite a crowd gathered at the machine. Turns out that a vendor incorrectly loaded the $100 bills in the $10 bill slot, creating a windfall for some just before Christmas. 

Rob’s wife is unable to work due to a chronic illness. He’s trying to plan for tax reduction in retirement on their registered accounts.

December 27, 2018 – Ottawa, Ontario – Department of Finance Canada

News release

 

The Department of Finance Canada today announced the income tax deduction limits and expense benefit rates that will apply in 2019 when using an automobile for business purposes.

CRA now transferring 600,000 banking records per year under controversial information sharing agreement. The Canadian government has shared more than 1.6 million Canadian banking records with the U.S. Internal Revenue Service since the start of a controversial information-sharing agreement in 2014, CBC News has learned.

Being an entrepreneur, you have most likely done some financial planning, giving consideration to the taxation issues. A basic research will tell amongst other things about the possibility of the tax audit that can consider your small IT consulting enterprise a Personal Services Corporation. That will substantially raise your assessment presenting you with a financially devastating tax bill.

I’m Norman Houle, proud owner of Houle & Associates Chartered Professional Accountants.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

Spending too much? Check out these helpful tips

We all enjoy rewarding our hard work with the occasional new pair of shoes, or dinner and a movie. But those rewards, combined with regular monthly expenses, can really add up. You can live within your means - and avoid debt - by trying these helpful tips.

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