Monthly Archives: August 2014

Personal Income Tax: First-time home buyers’ tax credit

If in 2013 you were a first time home buyer, read on.  If you already file your taxes and missed this credit up, it is not too late, you can still claim it. What is it, then? If you are … Continue reading

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More advise from Business Owners from PROFIT Magazine (Part 2)

As promised, here is more food for thought.  These experiences and others are good advise that I use in discussions with new clients, so think about what they mean to you and your prospective small business. “Be willing to commit … Continue reading

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Starting up a company is, simply put, hard work

The advise contained on the title is well known to all entrepreneurs.  The Canadian magazine PROFIT asked its PROFIT 500 list of business leaders to share some of their often hard learnt lessons. The following are some quotes from them … Continue reading

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Window XP: Updates are Discountinued Increasing Vulnerability of the Systems

Microsoft will no longer release new security patches intended to eliminate threat vulnerabilities in this older version of Windows. According to Microsoft, continuing to use Windows XP after April 8, 2014 may make systems more vulnerable to security risks, harmful … Continue reading

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Canada Revenue Agency Warns: Beware of telephone and email scams

The Canada Revenue Agency (CRA) warns all taxpayers to beware of telephone calls or emails that claim to be from the CRA but are not. These are phishing and other fraudulent scams that could result in identity and financial theft. … Continue reading

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Minister Findlay launches the first-ever Canada Revenue Agency Mobile App

On Thursday, August 21, 2014, the Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, will launch a mobile app to help make remembering business tax deadlines a lot easier. Launching DateThursday, August 21, 2014    

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Reminder: Report your tips – They are taxable income

The Canada Revenue Agency (CRA) is reminding Canadians who earn tips and gratuities that they represent taxable income and must be reported on annual income tax and benefit returns. Restaurant servers, hairdressers, valets, taxi drivers, and others who earn tips … Continue reading

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