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Tax Considerations for Leasing vs. Financing an Automobile

Tax Considerations for Leasing vs. Financing an Automobile
February 26, 2019

If you use your vehicle for earning business income and have eligible travel expenses, you are probably already aware that you can deduct some of your vehicle costs. What you may not know, though, is the difference between leasing and financing a vehicle for tax purposes. If you’re considering adding a new vehicle to your business, here are some things to consider:

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Vehicle Deduction Limits and Expense Benefit Rates for Businesses

Vehicle Deduction Limits and Expense Benefit Rates for Businesses
February 11, 2019

Do your employees use their personal vehicles for business purposes? The tax deduction limits and expense benefit rates have changed for 2019. Make sure you understand as an employer your responsibilities around allowances to cover expenses.

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The CRA Publishes Interest Rates for the First Quarter

The CRA Publishes Interest Rates for the First Quarter
January 15, 2019

Recently the Canada Revenue Agency (CRA) announced the prescribed annual interest rates that will be effective from January 1, 2019 to March 31, 2019. These interest rates will apply to any amounts owed to the CRA and to any amounts owed by the agency to individuals and corporations.

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New Year, Better Record Keeping

New Year, Better Record Keeping
January 15, 2019
| Taxes

Changes to Quebec Sales Tax (QST) Effective January 1, 2019

Changes to Quebec Sales Tax (QST) Effective January 1, 2019
December 12, 2018

On June 12, 2018, Quebec Bill 150 received Royal Assent. The Bill includes changes relating to the application of the Quebec Sales Tax (QST) to supplies made by suppliers with no significant presence in Quebec through the implementation of a new “specified registration system.”

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The Difference Between Charity and Not-for-Profit Organization

The Difference Between Charity and Not-for-Profit Organization

Airbnb: Making Sure You’re Reporting Rental Income the Right Way

Airbnb: Making Sure You’re Reporting Rental Income the Right Way
June 21, 2018
| Taxes

Trying to earn a little extra on the side is pretty common these days – everyone could use a little extra spending money.  But just because it isn’t your full time job doesn’t mean you don’t have to consider the tax implications.  Today we’ll cover an increasingly popular method of earning additional money:  Airbnb

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Do I Need to Pay HST on my Services?

Do I Need to Pay HST on my Services?

Goodbye Tax Season!

Goodbye Tax Season!
May 18, 2018

9 Reasons Why You Should Leave a Bequest to a Canadian Charity

9 Reasons Why You Should Leave a Bequest to a Canadian Charity
April 5, 2018
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