This article was prepared by Tanya Hauser of Hauser Executive Virtual Assistant, a Burlington based administrative assistant company.  I am sure you have heard the saying, “If you want something done right, do it yourself” This may seem like a good idea for certain situations, but ask any successful business owner and they will tell you […]

Moving An IRA or 401(k) to Canada

by Dean Paley on August 11, 2015

If you have lived or worked in the U.S., you may have an Individual Retirement Account (IRA) or 401k plan. Leaving these accounts in the U.S. can be administratively challenging and you may wish to consider moving them to Canada. In certain circumstances, a person with a 401k or IRA may be able to rollover their U.S. […]

The Benefits And Dangers Of Joint Accounts

July 22, 2015

This articles discusses the general issues around joint accounts (in all provinces except Quebec). Why Have Joint Ownership? Many people set-up joint accounts for a variety of reasons. For a married or common law couple, it could be for the day-to-day management of expenses. The account provides all parties equal access to the funds in the account […]

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Business Matters June 2015

July 17, 2015

The June edition of Business Matters is available directly from our website along with past copies as well as Tax Tips and Traps. Download Business Matters In this Edition …. Salary or Dividends The way a bonus is paid has a significant effect on corporate and personal after-tax income. You’re Hired Human rights legislation governs […]

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Taxing Day Traders TFSA’s

July 16, 2015

If the CRA can latch on to something, they will. For most of us, the investment income we earn inside our TFSA’s are 100% tax free. However, if you are day trading inside your TFSA, the Canada Revenue Agency may come knocking. You see, under the Income Tax Act, there is a subtle but highly […]

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Recordkeeping Automobile Expenses

June 22, 2015

If you use a car for business or your company provides a vehicle, the driving must be allocated between personal and business . This allocation is based on the total number of kilometers driven and the kilometers driven for business and the CRA requires that a log be kept. Why Track Kilometers? When we file […]

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