Tag Archives: Accounting

Home Office Tax Deductions

If you currently work from home make sure you are taking advantage of a large range of potential savings you can find in home office tax deductions. As an employee that works from home it is very difficult to claim any expenses for your home office as there are a large list of conditions that

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Tough Tax Questions

Everyone has tough tax questions. Even though this years tax season coming to an end, its still good to ask those questions now so that you are prepared for next year. There may be questions you are nervous to ask, however ignoring certain situations could get you into trouble down the line, therefore it is

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Yearly Changes to Government Tax Programs

Staying on top of yearly changes to government tax rules is important when filing your taxes this year. Deductions that were available last year may not be available this year. There also may be new credits offered this year that you can take advantage of. CBC released an article this week outlining some of the

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12 Things That Could Trigger Income Tax Audit

Article found on http://www.canadian-money-advisor.ca/threadview/4314.html Although you won’t find a list of audit “triggers” on the CRA website, here are 12 things that may put you into one of the groups they look at for audits: 1. You’ve cheated on a return in the past This one’s a no-brainer: if you’ve ever been caught cheating they’re

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Non-for-profit (NPO) organisations has to file tax return or not?

Do non-for-profit (NPO) organizations have to file tax returns? What are the consequences? I was asked this question by people who represent churches or different associations to which I will refer them in this article as NPOs. See bellow what Canada Revenue Agency is saying about the obligation of filing the tax returns for NPOs.

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