What's New?
HST
For more information on the implementations of the HST please click on the following links:
The First Nations Exemption is effective as of September 1, 2010.
3 BENEFIT PROGRAMS!!!
The Government has three benefit programs available to most of us.
Chose the link below for more details & to see if the programs apply to you!
Did you know...
There are 5 ways to simplify your payments to Canada Revenue Agency?
#1: Through your financial institution's electronic payment options.
for your personal income tax.
#4: Businesses can request additional remittance vouchers, payment searches and credit transfers for GST, corporate income tax and other levies accounts using CRA's "My Business Account" or online requests for business at www.cra.gc.ca/requests-business.
#5: By mailing a cheque or money order payable to "Receiver General" with your remittance voucher which includes your social insurance number or 15-character business number.
WARNING!!!
The Canada Revenue Agency is aware businesses are using tax cheating software!
They remind all business owners that hiding income to avoid taxes is against the law!
Electronic sales suppression software is used to delete a portion of sales from the business owner's computer records to avoid payment of income and sales taxes.
Using this software is NOT worth the risk!
SOLUTION!!!:
We are business consultants with Simply Accounting and can setup your company with proper accounting software at a reasonable cost. CALL US!
HEADS UP!
Employment Standards Act requires every business owner (with or without employees) to have the "What You Should Know About The Employment Standards Act" bulletin posted somewhere visible in your office or shop.
The format of this bulletin must stay as an 8 1/2" x 14" sheet... do NOT resize to regular size sheet.
***IT IS A $600 FINE IF THE BULLETIN IS NOT POSTED!!!***
An inspector was in our area in September 2008 and fined 2 local companies.
Please take two minutes to click the link below, print it and post it!
TAX FREE SAVINGS ACCOUNT
$5,000 limit for each 2009, 2010 & 2011, then $5,500 in 2012.
Contribute to TFSA, any interest earned is not included in your income tax return and therefore will not affect any Canada Child Tax Benefit, GST Credit, Working Income Tax Benefit, Old Age Security, Guaranteed Income Supplement or Employment Insurance Benefits.
Withdraw from TFSA anytime without having to claim it on your tax return!
