Tag: computer

Digital Technology and Internet use, 2012

By Liz O'Dowd on June 19, 2013 Comment Bubble Leave a comment

Canadian enterprises sold almost $122 billion of goods and services over the Internet in 2012. This total was just over double the value of online sales in 2007, the last time a similar survey was conducted. Three sectors, manufacturing, wholesale trade and retail… {Read more}

Why do you need a business plan?

By Liz O'Dowd on June 19, 2013 Comment Bubble Leave a comment

A business plan is a valuable tool for every business owner, whether you are starting up, have been in business for years, or are ready to grow. Think of your business plan as a sales document. It must convince readers… {Read more}

$10,000 in fines for failing to file GST/HST returns

By Liz O'Dowd on June 19, 2013 Comment Bubble Leave a comment

The Canada Revenue Agency (CRA) announced on May 21 that on May 15, 2013, Douglas W. Gray of Mississauga, Ontario, pleaded guilty in the Ontario Court of Justice in Toronto, to a total of 10 counts of failing to file… {Read more}

CRA Personal Tax Return Processing

By Liz O'Dowd on February 14, 2013 Comment Bubble Leave a comment

Canadians file more than 26 million individual income tax and benefit returns each year, and all are electronically analyzed. Based on this analysis, CRA selects certain returns for review because they are high-risk. Other returns are selected based on a… {Read more}

Registered Educational Savings Plan (RESP)

By Liz O'Dowd on February 14, 2013 Comment Bubble Leave a comment

RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although there… {Read more}

Line 315 Caregiver Amount Tax Credit

By Liz O'Dowd on February 14, 2013 Comment Bubble Leave a comment

Tax credit may be available if parent or grandparent (over 65) lives with you, even if they are not your dependent. If, at any time in the tax year, you (either alone or with another person) maintained a dwelling and… {Read more}