Read more about the article Recordkeeping Automobile Expenses
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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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Foreign Property Reporting Requirements

Resting squarely at the top of the second page of the T1 personal income tax return, sits a question. On the 2013 tax return the question read: Did you own or hold foreign property at any time in 2013 with a total cost of more than CAN$100,000? See “Foreign income” section in the guide for more information. If yes, complete…

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Q2 2014 Tax Tips & Traps Newsletter

The 2014 2nd quarter edition of tax Tips and Traps is out! In this edition: Internet business activities Simplified HST reporting for small business Salary for owners and family members CRA audits of charities Tax costs of crowd funding Scholarship and training benefits Separation and the dependant tax credit Web tips for business Download your copy of Tax Tips &…

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CGA Federal Budget Response

The federal budget was announced yesterday and although there was little by way of tax cuts, there were some personal and corporate tax measures that may impact some individual and businesses. You can download a copy of the CGA Canada Budget response here.

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Q1 2014 Tax Tips & Traps Newsletter

Our Q1 2014 Tax Tips and Traps newsletter is out! In this Edition Medical expenses and related travel costs Medical expenses and home renovations What is your marital status? Splitting up (Divorce) and transfers of property Fitness club dues as tax-free benefits? Insurance policy transfers Charitable donations of free rent Web tips for living in retirement Download your copy of Tax Tips & Traps.

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Read more about the article Year-End Tax Planning For 2013
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Year-End Tax Planning For 2013

Although the end of 2013 is still several weeks away, many income tax planning opportunities for individuals and businesses must be taken care of before the end of the calendar year. This newsletter contains a number of tax planning opportunities that you should think about before the end of 2013 as well as considerations for the first part of the new year.…

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