Canada Revenue Agency Income Tax: Canada Income Tax IRS Tax Payer
by admin
leave a comment
Pre Filled Income Tax Form for Canada
Income Tax
How to Save HST and Benefit both Consumers and Businesses
British Columbia HST referendum will take place as specified by the BC Legislation on Saturday, September 24, 2011. Until then, consumers will pay 12% HST and businesses will be able to claim 12% HST input tax credit.
During the remaining 11 months, before the referendum, BC businesses must convince consumers about the benefits of HST to keep it from rescinding it. The benefit of 7% additional input tax credit with HST is beneficial for all businesses.
more »
Workplace Training for Innovation (WTI) FAQ
Since WTI has been in the media there have been a lot of interest about the program.
This is part of Canada govt.’s action plan to stimulate the economy and increasing the skills of currently employed people. It is funded by our Tax money.
The money is a grant; it means you do not have to pay it back, if you follow the grant guideline.
You must use the fund to train your employees (strictly who are on payroll) or you will have to return it to BC Province.
more »
Canada Revenue Agency Income Tax: Tax Fraud Tax Payer Tax Rate
by admin
leave a comment
Tax Audit, Here’s How it Works.
An interesting news about income tax audit came to my attention recently.
In Germany, a restaurant operator was flagged for tax audit, because his purchase of supplies did not match with the amount of revenue he was reporting.
The restaurant in a working class neighborhood of Saxony, makes larger than average schnitzels for its customers. Its giant schnitzel servings are very popular with his customers. He serves about 70 dishes a day of this lavish meal.
But according to Tax Auditors, they believe the restaurant sells 200 servings daily, based on the amount of
more »
Happy Thanksgiving
Today is Thanksgiving. We are expressing our heartfelt thanks to all our clients, partners, associates for a wonderful year. We hope all of you are having a magical time, with your family and loved ones, this Thanksgiving day.
While you are enjoying this day, we are doing research on current CRA activities and soon, we will post some very important information about the state of Canadian Tax and what it means for your money. You already know that payroll tax will increase from January 1, 2011. There are some more tax increase on the horizon. We will put them in detail here in coming days.