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.

We are delighted to announce the launch of our new website!

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