Author: Dean Paley

This author has written 68 articles
Read more about the article The Benefits And Dangers Of Joint Accounts
Estate Planning / Income Splitting / Wills & Estates

The Benefits And Dangers Of Joint Accounts

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 to pay bills and manage…

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July 22, 2015
Read more about the article Business Matters June 2015
Newsletters

Business Matters June 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 all hiring practices. Improve the…

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July 17, 2015
Read more about the article Taxing Day Traders TFSA’s
Tax Tips

Taxing Day Traders TFSA’s

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 important distinction between a business…

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July 16, 2015
Read more about the article Recordkeeping Automobile Expenses
Toy car on white background
Business / Tax Tips

Recordkeeping Automobile Expenses

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 a tax return, we must…

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June 22, 2015
Newsletters

2015 Q1 Tax Tips & Traps Newsletter

The 2015 1st quarter edition of tax Tips and Traps is out! In this edition: Tax ticklers - Quick points to consider Family Tax Cut - Income splitting for families with children Canada Job Grant - Government funds available Employment Expenses - Are You Eligible? Government Collection Policies - When you money other than taxes HST and Taxable Benefit - Impact on the employer…

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January 27, 2015
Newsletters

Business Matters – January 2015

Welcome to the January edition of Business Matters. Business Matters is a bimonthly newsletter focused mainly on businesses and entrepreneurs. The topics in this newsletter goes beyond taxation and touch on a number of topics that affect businesses. Like our Tax, Tips and Traps Newsletter, Business Matters is available by download and may be printed for your own use or provided…

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January 16, 2015