I'm posting this since there are many small businesses in the 'hood and the CRA does check in to the small business sector, my take on this is that self employment seems to be replacing traditional employment, this means that payroll taxes are not the source of revenue as in the past so the state has to adapt to this new reality by ensuring that we pay up. This article gives useful tips on this subject.…See More

A few new tips for this tax season, something we all look forward to.- Children's art credit, maximum $500- Medical expenses credit for family members, had $10,000 limit, now there is no limit.- Tuition tax credit for exam fees- Pension income can be split with your spouseFor more tantalizing stuff, check out the BLB Facebook pagehttp://www.facebook.com/pages/Bottom-Line-Bookkeeping-Tax/196652407068115See More

The latest tax tips on my BLB Facebook page are:- Tax filing mistakes- Audit TriggersSee More

Wednesday is the last day for RRSP contributions, check the BLB page for the pros and cons.http://www.facebook.com/pages/Bottom-Line-Bookkeeping-Tax/196652407068115See More

For all of us who have a home office, this Globe article has a few pointers. I have been doing this for years and can never go back, enjoyhttp://www.theglobeandmail.com/report-on-business/small-business/sb-growth/day-to-day/seven-smarter-ways-to-work-from-home/article2313362/See More

This Globe article discusses a part time business owner's tiff with the CRA, whether his business losses are deductible. I would bet there are enough part time freelancers in the 'hood that should keep this in mind, you never know when the Feds will come calling. In my practice, there has been an increase the last few years, with CRA inquiries.…See More

Latest additions to the Bottom Line Bookkeeping & Tax Facebook page.- 12 ways to save with technology- How to avoid Tax Free Savings Account problems- Check out Ontario's new tuition tax breakSee More