Accounting, Bookkeeping, Income Tax Preparation, And Consulting Forum

ArtemFinancial.ca – профессиональное финансовое консультирование в Канаде. В этом выпуске: – Какие источники доходов облагаются налогами? – Какие доходы не налогооблагаемы? – Ставки налогов – Как расчитывается подоходный налог? – Deductions and Tax Credits. Как уменьшить налоги – Советы Таблица с налогами : https://home.kpmg.com/ca/en/home/services/tax/canadian-personal-tax-tables.html ——- MoneyInside – Все о финансах в Канаде. Подкасты выходят на русском языке для канадской аудитории, а также для всех тех, кто интересуется финансовыми вопросами в Канаде. В финансовых подкастах мы рассказываем о том, как правильно управлять и распоряжаться деньгами, эффективно вести личные финансы, уберечь себя и свою семью от финансовых катастроф, куда можно инвестировать сбережения. [More]

Tony Colman says a tax on currency trading could generate a global fund to help fight climate change. He defines the Tobin Tax. Named after James Tobin, a very small tax on worldwide currency transactions could be easily administered by a global body such as the United Nations.

Here is an interesting video on YouTube .. * YouTube Description Tax help! Filing a joint income 1040A tax form in this free video on tax tips. Expert: Tom Noah Bio: Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning. Filmmaker: Drew Noah Source: http://www.youtube.com/v/x0y0eycEjKE?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Tax help! How to apply disability to a 1040A tax form in this free video on tax help and personal finance. Expert: Tom Noah Bio: Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning. Filmmaker: Drew Noah Source: http://www.youtube.com/v/J9JFvZW18-M?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Saving Taxes By Giving To Charity (Forbes) It may seem too early to start planning year-end tax deductions, but it isn’t. In fact, especially if you plan to make noncash contributions, it’s best to plan ahead. Although tax rates seem certain to rise in 2011, that doesn’t mean you’ll get more from making charitable contributions in 2011. Some advisers suggest making contributions in 2010. For this and other tax tips about the end of 2010, see Tea Leaves And Tax Moves In 2010. To help make a decision, try [More]

Here is an interesting video on YouTube .. * YouTube Description Tax help! How to calculate your Adjusted Gross Income for a 1040A tax form in this free video on tax help and personal finance. Expert: Tom Noah Bio: Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning. Filmmaker: Drew Noah Source: http://www.youtube.com/v/Dyc6NBPX1sU?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Tax help! How to apply child tax to a 1040A tax form in this free video on tax help and personal finance. Expert: Tom Noah Bio: Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning. Filmmaker: Drew Noah Source: http://www.youtube.com/v/M2vk9fpS4G0?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description in Canada, every children is eligible for a fitness tax credit. So, parents, please enroll your child in a fitness program and tax advantage of fitness tax credit of 0 per child. www.taxsupport.ca Source: http://www.youtube.com/v/S0QvwrRQhRc?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Find more info at our website: www.harborfinancialonline.com Source: http://www.youtube.com/v/PvxvRmSisoM?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description www.canadian-money-advisor.ca Interview with Cleo Hamel – HRBTaxTalk.ca – Part 2 Monty Okay. I was wondering what are some of the major issues that you’re finding in your research and dealing with your clients as far as tax goes? What sort of questions are you feeling, things like medical expenses and deductions and so on? Cleo Hamel: Medical expenses tend to be one of the biggest ones that we’ve been dealing with. Probably over the last few years, there are two parts to medical expenses. One of the general things [More]

Here is an interesting video on YouTube .. * YouTube Description Get the latest tax tips from Cleo Hamel, a Senior Tax Analyst with H&R Block, discuss how to prepare your taxes for Canadian Seniors. Information on applying for old age security and income splitting CPP tax credits, age amount tax credit.2009 Tax Preparation Service Canada Source: http://www.youtube.com/v/QkVf7EBpKeM?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Source: http://www.youtube.com/v/l0xcLNJgK08?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description www.HarborFinancialOnline.com Small Business Income Tax Planning & Preparation 2009, 2010 Source: http://www.youtube.com/v/7RjAbYO79-8?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Get the latest tax tips from Cleo Hamel, a Senior Tax Analyst with H&R Block. On this episode we discuss how to start filing tax credits for Families. Universal Child Care Credit, and how to go about to continue to receiving child care benefits. You can also save up to 0 annually per child. Source: http://www.youtube.com/v/Rd9sKNGGQnI?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description The new tax year start on 6th April and a series of tax give-aways are lost if you do not use them before this time. Steve covers the 3 most important for you particularly the need to bring income FORWARD (i don’t think we have ever suggested that before!) into this tax year rather than pay the higher rates that will apply next year. Source: http://www.youtube.com/v/xEQZtN4B_8U?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description Tax lawyer Philippe DioGuardi discusses Switzerland’s decision to release the names of UBS Swiss bank account holders to the US and Canadian tax authorities. Source: http://www.youtube.com/v/6UwANR_nZIQ?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. * YouTube Description What Canadians need to know and fear about the Canada Revenue Agency Source: http://www.youtube.com/v/3XJRMc0RUBM?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. ======================= From The YouTube Description ======================= Tax Tips from the Internal Revenue Service. You can pay now….and later! Source: http://www.youtube.com/v/X0RebubZ3f4?f=videos&app=youtube_gdata

Here is an interesting video on YouTube .. ======================= From The YouTube Description ======================= Home renovations can earn you as much as 00 in tax credits for work performed on your home from January 2009 to January 31 2010. This is a one-shot deal valid this year only as it was designed to inject life into the construction industry during recessionary times. Tax credits are also available provincially. in this video, Chartered Accountant James Kromida provides you with all of the pertinent details of this plan to help you maximize your benefits. Source: http://www.youtube.com/v/x20u59luarg?f=videos&app=youtube_gdata

November 2007 On October 30, 2007, the Government of Canada announced in its Economic Statement that it proposes to amend the Excise Act, 2001, by imposing a tax on certain excise duty-paid tobacco products held in inventory at the beginning of the day on January 1, 2008. This notice provides additional information on this proposed amendment. Any commentary in this notice should not be taken as a statement by the Canada Revenue Agency that these amendments will be enacted in their current form. For purposes of simplicity and consistency, the CRA will be following the same approach used in implementing [More]

The following is now available on the CRA Web site: Did you know… Starting in 2007, you may be able to claim the fees paid for physical fitness programs for your children under the age of 16? The newly proposed children’s fitness tax credit provides parents with an annual credit of up to $500 per child to help cover the cost of their child’s physical fitness programs or sporting activities fees. For more information on this tax credit for 2007, visit www.cra-arc.gc.ca/whatsnew/fitness-e.html. SOURCE: CRA

The following is now available on the CRA Web site: Did you know… That businesses with an eligible apprentice may be able to claim the apprenticeship job creation tax credit? This is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices for employment after May 1, 2006. The maximum credit is $2,000 per year for each eligible apprentice. For more information about the credit, visit http://www.cra-arc.gc.ca/whatsnew/apprenticeship-e.html Source: CRA

The following is now available on the CRA Web site.. Did you know… That you can claim, as a non-refundable tax credit, medical expenses for yourself, your spouse or common-law partner, and your children born in 1989 or later? For 2006, the total expenses have to be more than 3% of your net income, or $1,884, whichever is less. You may also be able to claim medical expenses for the following persons if they depend on you for support: you or your spouse or common-law partner’s child or grandchild who was born in 1988 or earlier; and you or your [More]

The following is now available on the CRA Web site: Tax Tip: The age amount has increased .. Did you know… That as of January 1, 2006, the age amount maximum increased from $4,066 to $5,066? If you were 65 or older on December 31, 2006, and your net income was less than $64,043, you can claim the age amount. You may also be able to transfer unused portions of the age amount to your spouse or common-law partner. For more information, visit our Web site at www.cra.gc.ca. SOURCE: CRA Newsroom

The following Notice of Tax Treaty Developments has just been posted on the Finance Canada Site. January 17, 2007 The Convention between Canada and Finland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income entered into force on January 17, 2007. The Convention was signed on July 20, 2006. In accordance with Article 27 of the Convention, its provisions have effect, in respect of withholding taxes, on amounts paid or credited to non-residents on or after January 1, 2006; and in respect of other taxes, for taxation years beginning on or [More]

The following Notice of Tax Treaty Developments has just been posted on the Finance Canada Site. January 9, 2007 The Convention between Canada and the Republic of Korea for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income entered into force on December 18, 2006. The Convention was signed on September 5, 2006. In accordance with Article 28 of the Convention, its provisions have effect, in respect of withholding taxes, on amounts paid or credited to non-residents on or after January 1, 2007; and in respect of other taxes, for taxation years [More]

The following is now available on the CRA Web site: Ottawa, Ontario, January 5, 2007… The Canada Revenue Agency (CRA) wishes to inform parents and organizations providing eligible physical activity programs that additional information about the proposed Children’s Fitness Tax Credit is now available online at www.cra.gc.ca/fitness. “I am pleased to be working in partnership with my Cabinet colleague, the Honourable Jim Flaherty, to make this tax credit available to parents across the country, said National Revenue Minister Carol Skelton. The CRA is working to make sure parents and organizations providing eligible programs of physical activity have the information they [More]

The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, December 28, 2006 2006-090 The Honourable Jim Flaherty, Minister of Finance, today proposed an amendment to the Excise Tax Act to exempt the services of midwives throughout Canada from the goods and services tax (GST) and the harmonized sales tax (HST). “By taking this action today, we are supporting the midwifery profession and making this birthing option more affordable for women throughout Canada,” said Minister Flaherty. The Government of Canada has adopted an objective approach to determining which services should be considered basic health [More]

The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, December 22, 2006 2006-088 Canadian families, students, workers and seniors will be able to keep more of their hard-earned money in 2006 and 2007. Canada’s New Government is providing substantial and immediate tax relief in every way the government collects taxes. “Within the first 100 days of taking office, our government moved swiftly to lower taxes in order to create the right conditions and opportunities for families and businesses to be successful,” said Minister Flaherty. “While we have made great strides, Canadians still pay [More]

The following is now available on the CRA Web site: Each year since 2000, personal income tax amounts have been indexed to inflation using the Consumer Price Index data, as reported by Statistics Canada. Changes to tax bracket thresholds and non-refundable credits will take effect as of January 1, 2007. Adjustments to the Canada Child Tax Benefit (including the National Child Benefit supplement and the Child Disability Benefit) and the Goods and Services Tax Credit will take effect as of July 1, 2007, to coincide with the beginning of the “program year” for these benefits. The following chart compares the [More]

PLEASE NOTE: YOU ARE NOT GOING CRAZY! THAT ENVELOPE DIDN’T ARRIVE YET! I just received an email from Canada Revenue Agency to advise my clients of the following: For 2006 and subsequent tax years, taxpayers who had their return prepared by a tax professional in the preceding tax year, and had a resulting nil or debit balance, will no longer receive a tax package from the Canada Revenue Agency (CRA). This basically means that if you had a no balance owing or received a refund and someone like me EFILED your 2005 tax return .. you will not get that [More]

The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, December 19, 2006 2006-084 The Honourable Jim Flaherty, Minister of Finance, today released guidelines on the Children’s Fitness Tax Credit, which is scheduled to become effective on January 1, 2007. The Minister confirmed that as recommended by the Expert Panel for the Children’s Fitness Tax Credit, the definition of eligible programs will support children’s participation in all programs that significantly contribute to their fitness. In addition, the Minister indicated that substantial additional support would be provided to children eligible for the disability tax credit [More]

Last year .. on November 27, 2005 .. I blogged about some Year-End Tax Planning Considerations for 2005 that individuals could review and consider. This year .. I thought I would just post some links “OUT THERE” that I have found around the ‘www … from sources that I frequently read or follow throughout the year. PLEASE … if you have written or know of other links out there .. can you post the link in my comments below? I’m sure others will greatly appreciate you as much as HART will! 🙂 And .. if I find anymore links .. [More]