Oakville Accountant – Dean C Paley, CPA, CGA ,CFP

Q3 2014 Tax Tips & Traps Newsletter

The 2014 3rd quarter edition of tax Tips and Traps is out! In this edition: Tax ticklers – Quick points to consider CRA checklist for small business Donations through your Will U.S. Tax Amnesty Directors liability Moving expenses Price adjustment clauses Travel expenses Verifying a social insurance number Foreign property reporting (T1135) relief! Internet business activities Download your copy of…

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August 19, 2014

Bookkeeping

Common GST & HST Filing Errors

As a small business owner, the collection of HST may be seen as a nuisance and for some it may feel as if you are acting as a tax collector. Like it or not, we all have to comply, file and remit the HST we have collected. Whether you complete your HST return yourself, have software calculate it for you, or…

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November 4, 2013

Bookkeeping

Top Bookkeeping Mistakes

Over my career, I’ve seen a lot of journal entries and I’ve seen what can happen to someone’s livelihood when bookkeeping mistakes are made. The fact is, that one of the most common reasons a business fails is due to poor financial management. Your financial records will tell you where you stand: How much cash you have, Where the cash…

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October 10, 2013

Tax Tips

Top 5 Reasons To Use A Tax Accountant

Over the next 2 – 3 weeks, you will start receiving your tax slips in the mail. Most T4’s and T5’s must be submitted to you by the end of February and T3’s will follow a short time after. As you start getting ready to file, you may want to consider using a professional to help you with your tax…

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February 14, 2013

Business

Why Use A Bookkeeper?

Bookkeeping is an important part of your business! The information in your bookkeeping system tells you how your business is performing and helps you make informed decisions. Without an effective bookkeeping system, you can easily lose track of you cash flows and potentially get in some hot water with the CRA. Bookkeepers Save Time As a busy business owner, it’s…

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February 12, 2013

Non-Residents / Real Estate

Living Abroad And Becoming a Non-Resident

If you have left Canada to work in another country or are considering moving from Canada, it is important to consider the income tax consequences and your tax options. If you are a resident of Canada, then you are required to pay income tax on your woldwide income. Leaving Canada to take up residency in another country may not be enough to…

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November 29, 2010