I feel odd recommending a book written about the American tax system to people who are, for the most part, Canadian. However “The Benefit and The Burden: Tax Reform – Why We Need it and What it Will Take” is written by former Reagan policy analyst Bruce Bartlett and he gives one of the most comprehensive examinations of that nation’s
Read more
A majority of small businesses that use outside accountants are engaging them only for specific services and support, according to the web-based survey of 472 small businesses. The business owners who use outside accountants rely on them most for accounting services (76%), bookkeeping services (49%) and tax support (46% personal; 43% business tax compliance; and 43% corporate tax). A minority
Read more
RRSP Contributions – just because a taxpayer has made an eligible contribution is no reason to automatically claim the deduction. If a contribution takes a taxpayer into a lower tax bracket – consider not claiming all of the contribution and using it next year against higher taxable income. Rollovers – Remember that theT2057 is an election for the deemed proceeds
Read more