Tax Implications of Crowdfunding

Today we are talking about crowdfunding and it’s tax implications. So if you’ve ever thought about using this new method of raising capital to startup your new business, or to develop a market for a new product

Electronic Gadgets Your Business Should Be Deducting

Many small business owners do not realize that a large majority of electronic gadgets and equipments that they use in the operation and functionality of their business are taxable.

Employee Benefits in a Tax Free Country

If you temporarily relocate abroad for work, you may be entitled to numerous employee benefits. Some of these benefits include costs related to living and transportation.

Filing for a “Regulation 105 Waiver”

If you are a non-resident rendering services in Canada, you will be subjected to a 15% withholding tax. By filing the ‘Regulation 105 Waiver’ you can reduce and or eliminate this.

Why Does Your Corporation Need a Minute Book?

Do you own a corporation? Why does your corporation need a minute book? Proving your corporation is legitimate relies heavily on your Minute Book. Learn what a Minute Book is, and how it can help your corporation.

Certificate of Coverage for Americans Working in Canada

Are you a U.S. citizen working in Canada? Is the thought of double taxation making you sweat? No need to worry, Allan Madan will take you through vital information pertaining to double taxation surrounding social security.

Why You Should Use Your Personal Vehicle for Business Use

Has your company offered to pay for your vehicle expenses as a taxable benefit? If yes, it is time to reconsider your answer! Avoid paying taxes and deduct a portion of your car costs simply by using your personal car for businesses purposes.

Claiming Basement Renovation Costs

Are you planning on renovating your basement for rental purposes? If so, then start your drills and put on your hard hat because this week’s tax tip is all about claiming basement renovation costs!

Top 3 Reasons To Hire a Bookkeeper

Bookkeeping plays a vital role in a successful business. Avoid late invoicing, stress, and poor cash-flow! Find out the top 3 reasons to hire a bookkeeper.

Are Website Costs Tax Deductible?

E commerce has taken the business world by storm. It is evident that creating a website is an ingredient to building a successful business. Learn how building your small business website can reduce your taxes.

Are Meal Allowances Tax Deductible On Business Travels

Are you an employer who is wondering if meal allowances are tax-deductible? Better yet, are you an employee who is required to travel for work? Is your meal allowance tax-free? Learn the benefits and regulations towards food and meal taxes while traveling. Take a bite out of this week’s Tax Tip.

Are UN Employees Tax Exempt?

If you are a Canadian working for the United Nations, you may generally be exempt from taxation on any income earned from the UN. Depending on if you are a resident or non-resident of Canada, your tax filing obligations may differ. Want to learn more on UN employee tax exemption? Then this article is for … Continue reading Are UN Employees Tax Exempt?

How to Defer Capital Gains Tax on Real Estate Sales

If you have a capital gain on the sale of real estate but have not received the entire payment, you can actually defer paying tax on that capital gain by using the capital gains reserve mechanism.

What are the Most Common Taxable Benefits for Employees?

If you have a job and are concerned about paying too much in taxes then this article is for you.  In this article, we will review the two most common taxable benefits that are provided by employers to employees.

Claiming the Principal Residence Exemption

Have you sold your principal residence in the year? If yes, this article is for you. This article will look at the most commonly asked questions about the principal residence exemption.

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