Articles

There are a lot of people that have adapted to online shopping that didn’t normally use their computers for anything other than checking their email or perhaps playing a few games. The convenience of doing this has caught on and there are some great opportunities that are available for doing your Christmas shopping online. However, […]

Usually when we are planning the Christmas budget the main focus is on the gift buying expenses. What we tend to forget is about all the additional expenses that comes with this festive season. If you take these into account when planning your budget then you will find that you are able to stick to […]

There is no shortage of what we have to teach our children and we certainly need to concentrate on life skills that are going to carry them forward into their future. Part of these life skills is  teaching them money management, and it is often the question as to at what age do parents start […]

If you offer your employee with a Cellular Phone or Internet Service at home in order for them to carry out their employment duties, the business use is not a Taxable Benefit. However, you must included the value of the personal use in your employee’s income as a Taxable Benefit. Calculating the Taxable Benefit As […]

On October 1, 2015, the Alberta government Released new Tax Rates to be brought in. In 2015, the change results in a pro-rated Tax Rate applied to all Income for the Tax year and in 2016 will be the full Tax Rates. We have prepared a table to illustrate the changes. To see where you’d […]

CRA requires taxpayers to make quarterly Tax (T1 & T2) Installments when there’s a large amount owing in previous years. If your net Tax owing for 2013 or 2014 was greater than $3,000 you likely received a letter from CRA stating you must pay your Income Tax by installments. Quarterly Tax Installment Dates June 15 […]