Whether your business is large or small, you will face a number of legal issues when first starting up. The difference is, that as a small business owner, you likely don’t have the same access to legal counsel that your larger counterparts would have.
That is why, before going into business, you should be fully aware of the costly legal mistakes small business owners can make. This will allow you to get the necessary support where you are sure to need it.
In 2018, the provincial labour board ordered an employer, who committed an unfair labour practice to pay a lump sum payment to each of their employees.
Generally, when an employee receives a payment in relation to their employment, it is taxable under various provisions, set out in the income tax act.
Did you know that snowbirds account for 19% of foreign home purchases in the United States? Or that in 2017, snowbirds purchased over $7 billion USD in real estate?
While it is great that so many Canadians are able to afford property away from Canada, it is important to remember that there are potential tax implications that could come into play as a result of you owning a vacation home in the United States.
Right now, many Canadians are enjoying the warm weather that comes with living in Canada but as any Canadian knows, it isn’t something that lasts forever. Eventually the weather will turn cooler and it will be winter again.
To escape this cold, many of us will decide to head to warmer climates south of the border. In fact, as many as 500,000 Canadians will travel to the United States to get away from the frigid months. If you are one of these snowbirds (or spend a lot of time in the US regardless of the season), there is important information you must consider, one of which is the US tax implications of staying too long over the border.
When buying online, it can be easy to assume that the sites we are using are properly securing our personal data. But this isn’t always the case.
Every online retailer has varying degrees of security, and with the growth of credit fraud and identity theft, it is becoming more important than ever to understand how your data is stored and used by these retailers and the risks associated with mismanagement.
Raising a child and planning for their future can be expensive, even more so when your child has a disability. Thankfully, for families who pay unavoidable additional expenses for their child with a disability - such as therapy, medical equipment, and special programs - there is potential relief to create greater tax equity in the form of tax credits, benefits and government programs.
The deadline for your tax return has been and gone, but it has suddenly come to your attention that you have filed your return with an unintentional error or omission.
Before you start to stress out about the mistake and the possible consequences of submitting incorrect information to the Canada Revenue Agency (CRA), we have some good news – you can make the necessary adjustments.
When it is time for you to retire, there are a number of retirement tools you can draw from when you reach retirement age – Employer-Sponsored Pension Plans, Registered Retirement Savings Plans, Registered Retirement Income Funds and the Canada Pension Plan – but, whether you receive these and the amount you receive, is based on contributions made to these accounts.
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