The following is now available on the CRA Web site: Did You Know … That millions of Canadians file their income tax return electronically every year? You can use NETFILE to send your return over the Internet to the Canada Revenue Agency or ask your tax preparer to use EFILE. If you prefer using a telephone, use the Agency’s TELEFILE filing service at 1-800-959-1110. Filing your return electronically means that you don’t have to mail your return or send in your receipts, unless we ask to see them. You also get your refund quicker, in as little as eight business [More]
Debits go by the window. FASB 967 disclosures not included except if paragraph 1.b.D.341 applies, except when the disclosures are included. Accountants are not funny ! Period. Music Credit: “I Will” written by Joe Hamilton, and performed by None More One.
The following is now available on the CRA Web site: Did you know… That you now have additional options to help manage your business taxes through our My Business Account service? Business owners can now use this secure online service to: * check the status of goods and services tax/harmonized sales tax (GST/HST)* returns and see when Notices of Assessment were issued; and * access a variety of business tax information and services, including account balances and activities. Starting in November 2008, you will be able to transfer payments and credits within your GST/HST,* corporation income tax, or other levies [More]
The following is now available on the CRA Web site: Did You Know … Did you know… That the Canada Revenue Agency (CRA) can help you if you’re having a difficult time filing your 2006 income tax return? The CRA’s Community Volunteer Income Tax Program offers tax help for people who have a simple tax-filing situation. For tax help, please call the Community Volunteer Income Tax Program at 1-800-959-8281. You can also visit our Web site at www.cra.gc.ca for helpful forms, guides, and other information. For more information on the Community Volunteer Income Tax Program, visit www.cra.gc.ca/volunteer. SOURCE: CRA Newsroom
Finsmart Solutions provides one stop accounting and bookkeeping services to clients across sectors like manufacturing, IT, Services, and many more. For organisations we have worked with, we have delivered expertise in accounting functions, ensuring compliance and accuracy in accounting. We provide, “on site” as well as “remote” solutions. Our solutions are designed to meet your specific requirements. Our outsourced bookkeeping and accounting solutions include: #Updating of books of accounts on accounting system preferred by you (Tally/SAP/Oracle etc.) #Periodic review of accounting data and monthly closing of books of accounts #Maintaining data hygiene and accuracy #Calculation and payment of statutory dues [More]
Junaid Usmani (Partner) discusses a common question people ask: “I have a lot of money I would like to bring to Canada, are there any tax consequences as result of that?” There are no consequences for bringing money into Canada, however, there are very significant penalties for you not having reported foreign assets in your Canadian personal income tax return. If you own foreign assets that you’ve failed to report on your personal tax return, the Canada Revenue Agency (CRA) has a program called the Voluntary Disclosure Program, which is designed to forgive people when they’ve made an honest mistake [More]
The following is now available on the CRA Web site: News Release Ottawa, Ontario, August 10, 2009 … The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), announced today that the Canada Revenue Agency (CRA) will allow Canadians who took advantage of the new measure announced in the Government’s 2008 Economic and Fiscal Statement, to claim a deduction on their 2008 income tax return. The new economic measure allowed registered retirement income fund (RRIF) annuitants to reduce the minimum amount required to be withdrawn for the 2008 tax year by 25%, or to recontribute [More]
TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: PROPERTY ISN’T PROPERTY TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: PROPERTY ISN’T PROPERTY I want to explore an important issue when dealing with income tax debt driven insolvency files. The transfer of property under s.160 of the Income Tax Act. transfer of property under s.160 of the Income Tax Act —————————————- CLICK HERE: http://www.irasmithinc.com/blog/transfer-of-property-under-s-160-of-the-income-tax-act-2/ —————————————- More Information about TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: Income Tax Act ( RSC , 1985, c. 1 (5th Supp.)) – Laws.justice.gc.ca laws-lois.justice.gc.ca/eng/acts/I-3.3/page-187.html 160 (1) Where a person [More]
Solutions & More is Kissimmee provides individuals and businesses sound tax advice and courteous service. Our mission is to get you the biggest refund or save you money finding tax breaks that may have gone unnoticed. Our full service tax preparation service provides an easy E-File so that you can get your tax return in a timely manner. We utilize QuickBooks Pro for all small business clients.
http://www.softrontax.com/services/ In this video the income tax preparation topic of Medical expenses will be discussed.
* Budget 2009: Canada’s Economic Action Plan The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, January 27, 2009 2009-011 The Honourable Jim Flaherty, Minister of Finance, today tabled a comprehensive budget plan to stimulate economic growth, restore confidence and support Canadians and their families during a synchronized global recession. “Budget 2009 is Canada’s economic action plan,” said Minister Flaherty. “It builds on our position of strength. It provides temporary and effective economic stimulus to help Canadian families and businesses deal with short-term challenges. Our investments will build Canada’s long-term capacity, so that [More]
The following information is now available on the CRA Web site: Vancouver, British Columbia, January 18, 2012… The Honourable Gail Shea, Minister of National Revenue, today visited the University of British Columbia 4-H Community Club to promote the children’s arts tax credit, a new non-refundable credit passed in the 2011 federal budget. “Parents whose children participate in paid artistic, cultural, recreational, and developmental programs will now enjoy the same benefit as parents whose children participate in paid programs of physical activity. Our Government believes whether a child is inspired by Justin Bieber, Hedley, Ryan Reynolds, Trevor Linden or Maelle Ricker, [More]
You May Be Found Guilty About Your Legal Case – Attempted Scam… Hello, this message is a final notification by the Internal Revenue Service, today the I.R.S. have received a final notice against you and you may be found guilty about your legal case, if you have any question call our legal department number at (657) 214-1272. Caller ID: (657) 214-1272, Northern and Western Orange County BBB – Better Business Bureau BBB Warning: If Caller Asks “Can You Hear Me?,” Just Hang Up https://www.bbb.org/canyouhearme/ For more information on robocalls, visit: FTC – USA The Federal Trade Commission https://www.consumer.ftc.gov/articles/0259-robocalls CRTC – [More]
Steve and Julie’s Canadian accountant told them that if they depart Canada and move to the U.S., they may get hit with a huge departure tax. Is there a way around this? Matt Altro addresses their concerns by first explaining what the departure tax is, and later listing some examples of what is and is not exempt from it as a Canadian moving to the U.S.
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1966 Internal Revenue Service (IRS) Film Right on the Button: Electronic Machines Speed IRS Tax Returns Processing For All The U.S. A mid-60s introduction to how the IRS uses computers and Automatic Data Processing (ADP), with lots of footage of early mainframe computer hardware. The IBM 700/7000 series was a series of large-scale (mainframe) computer systems made by IBM through the 1950s and early 1960s. The series included several different, incompatible processor architectures. The 700s used vacuum tube logic and were made obsolete by the introduction of the transistorized 7000s. The 7000s, in turn, were eventually replaced by System/360, which [More]
On this video Mike Jesowshek, CPA discusses 5 bookkeeping tips that new business owners should understand especially when they are just starting out.
The easiest way to make Chicken Noodle Soup. Subscribe to see the upcoming bloopers video 🙂 Funny accounting jokes: http://www.financegeek.org/misc/funny-accountant-jokes/ Learn about actuarial science: https://www.actuarialninja.com/
https://www.taxback.com/en/canada/tax-refund/ If you travel to Canada on a working holiday visa, how much tax will you have to pay? Typically, taxpayers in Canada are liable to pay both Federal and Provincial tax on their income. The good news is that every taxpayer in Canada is entitled to a personal tax-free allowance of $11,809 (for 2018). This means that you can earn up to this amount without paying federal tax on your income. Canadian tax rates are progressive. In other words, the more you earn (over the tax-free allowance), the more tax you’re obliged to pay. For example, federal tax deductions [More]
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On Mutual Fund day, we discuss about financial planning for parents-to-be. Though it is an exciting phase of life, having a child without proper financial planning may lead to a lot of financial burden. With our panel of experts, we discuss financial planning tips for new and expecting parents. CNBC-TV18 is India’s No.1 Business medium and the undisputed leader in business news. The channel’s benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant [More]
You might have noticed that this site is monetized to defray some of the hosting costs of all my blogs. As I mentioned in an earlier post .. you may now advertise on this site in the form of Text Link Ads. I should note that the link in the previous sentence is an affiliate link, and if you do sign up for the first time through this link, I may earn a small commission. I should also note that if you are a new client, you can receive $100.00 worth of FREE Text Link Ads by entering “new client” [More]
The Privacy Commissioner of Canada today released the following statement in response to the Government's proposal to address identity theft:
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How is the Internal Revenue Service (IRS) involved in the probate process? | Anita Paoli | The Law Offices of A. Paoli, P.A. | Practicing in Hollywood, Florida since 1990 | (954) 924-8441 | http://APaoli.com | 1720 Harrison St., Suite 8C, Hollywood, FL 33020-6828 The Internal Revenue Service is your partner because they’ve got to get their piece first. Any required tax filings are the responsibility of the personal representative. If there are estate taxes, there is an additional burden to be paid to IRS. You should consult with an attorney who will advise you on what is required.
They do not include applicable provincial income taxes this can have many effects, of which are calculated in the canada tax user only needs to enter their taxable income, and calculator will corporations obliged pay on profits they receive each year 27 apr 2016 how much canadians a comparison through work as opposed interest investments 12 aug 2014 canadian consumer index compares average taxpayer it’s hardly surprising people don’t realize actually. In canada, you pay income tax to both the provincial government and federal governmentif did move here permanently, there are plenty of hurdles as others it is entirely possible [More]
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