The On-line Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP) calculator will help you decide which type of account is better for you.
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Employees vs. Independent Contractors
It’s crucial to know whether your workers are employees or independent contractors.
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Claiming Automobile Expenses
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck).
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Registered Educational Savings Plan (RESP)
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits.
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Keep The Invoices
Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors. For example, the input tax credit may be disallowed if only the credit… {Read more}
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Employer-Paid Disability Premiums
If you think that paying for your employee’s disability premiums is always a good thing, think again.
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Padgett Ranks In Franchise 500®
PADGETT BUSINESS SERVICES® has once again been ranked in the Franchise 500® rankings recently published by Entrepreneur Magazine.
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Homeowners – claim your credits!
Do you know that from January until the end of March 2010, the Canada Revenue Agency (CRA) is issuing weekly tax tips.
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What is the first-time home buyers’ tax credit (HBTC)?
The HBTC is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009, that is – closing after this date.
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Employment Insurance Benefits for Self-Employed People
Beginning in January 2011, self-employed Canadians will be able to access Employment Insurance (EI) special benefits.