Blog
Overview Of SR&ED Provincial Tax Credits
By Daniel Toma | Aug 7, 2020
The majority of Canadian provinces & territories have provincial R&D tax credits which boost your claim and are complimentary to the federal SR&ED program. Compare how the credits differ by region and learn more about important aspects which can impact your claim.
What Is SR&ED? A Complete Guide
By Daniel Toma | Aug 7, 2020
The Scientific Research and Experimental Development (SR&ED) program is a complex subject with a lot of technical narrative. Learn about the basics, how to qualify and join thousands of Canadian businesses benefiting from the program each year.
Saving For Retirement- Aim To Start Early!
By Daniel Toma | Jul 17, 2019
It is never too early to start putting aside money for retirement. Many younger individuals are simply not saving- bypassing the process in order to plow as much money as possible into a mortgage down payment or discretionary spending. An early retirement saving strategy is key.
Do I Need To Pay Tax on Airbnb Income?
By Daniel Toma | Aug 9, 2018
The answer is - yes. If the Canada Revenue Agency discovers unreported income, you will likely face interest and penalties in addition to a tax assessment. For our neighbours in the U.S., rental income is tax free up to a maximum of 14 days per year however there is no such threshold in Canada.
Uber Drivers: Tax & a Looming HST Issue
By Daniel Toma | Jan 27, 2016
Uber has come to Canada in a big way and many drivers are now earning substantial income. While the tax situation for drivers is quite similar to other small businesses, the matter of HST is a looming issue which needs to be brought to the attention of Canadian participants.
Important Changes to Trust Taxation Effect Jan 1, 2016
By Daniel Toma | Nov 24, 2015
There are some key changes being implemented by CRA which may affect how you plan to use a trust in your will and which will affect many current beneficiaries. Effective January 1, 2016 testamentary trusts will be subject to the highest marginal personal tax rate.