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How To File Your GST-HST Return From A Completed Worksheet

If you have a completed GST-HST worksheet you can easily file your GST-HST return, either by using the figures on the Worksheet and transfering them to a return, or by signing and dating the worksheet itself and mailing it to the Canada Revenue Agency. (If you're not sure what a GST-HST worksheet looks like, you [...]

By |March 29th, 2018|HST-GST, Tax Education|Comments Off on How To File Your GST-HST Return From A Completed Worksheet

Taxes for Newcomer Artists – March 2018

Sunny Widerman and Personal Tax Advisors will be facilitating a workshop for newcomer artists on March 14, 2018. In this informal workshop participants will learn the fundamentals of how the tax system works for self-employed people in general, and artists in particular. We'll cover what gets taxed, how to reduce taxes, when, why and how [...]

By |March 1st, 2018|Events|Comments Off on Taxes for Newcomer Artists – March 2018

How much GST or HST should I charge? – GST and HST rates by province

When you are registered to collect GST or HST and make a sale of goods or services to payer in another province, you must charge the rate of GST or HST according to the rate in the payer's province. For example, if you are a vendor based in Ontario and registered to collect HST, [...]

By |January 23rd, 2018|Tax Education, Two Minute Tax Tips|Comments Off on How much GST or HST should I charge? – GST and HST rates by province

The tale of two brothers, one roof

When two siblings share an inheritance, their best intentions to redistribute the property can backfire and trigger unnecessarily high taxable capital gains. cottage on the lake When their mother died, Troy and Karl were joint beneficiaries of her will and inherited the lakeside cottage she'd lived in for the past 30 years. Troy [...]

By |December 12th, 2017|Tax Education, Two Minute Tax Tips|Comments Off on The tale of two brothers, one roof

Why You Should Register for the GST or HST Even If You Don’t Have To

https://youtu.be/zwvpLIMEVr0 Registering for the GST/HST before you have to can be an advantage We know you probably don't feel like registering for a GST/HST number until you absolutely have to, and we even know why. Who wants the extra hassle if you can (legally) avoid it? What you may not have considered is that [...]

By |October 2nd, 2017|Uncategorized|Comments Off on Why You Should Register for the GST or HST Even If You Don’t Have To

It’s not too late to file your taxes!

©iStock/Tamiris6 April 30 may have come and gone, but if you haven’t filed your income taxes there’s still hope. It’s always worthwhile to file as soon as possible, even if you’ve missed the magic date. You may not actually be late! If you or your spouse have self-employment or freelance income, you both [...]

By |May 8th, 2017|Two Minute Tax Tips|Comments Off on It’s not too late to file your taxes!

How to Register for the GST or HST

It’s easy to register for the GST or HST. Before you pick up the phone, however, be clear on how often you want to file returns (monthly, quarterly or annually) and how often you want to remit (pay) your GST/HST. Usually you can also choose the date that your registration begins, which can affect the [...]

By |April 25th, 2017|Two Minute Tax Tips, Videos|Comments Off on How to Register for the GST or HST

Spousal Support vs. Child Support

Support ©iStock/pat138241 If you’re in the process of splitting up with a spouse or common-law partner you’re probably going through a lot of changes right now, and taxes may be the last thing on your mind. However before you settle the details of your support agreement, take a moment to familiarize yourself with [...]

By |March 30th, 2017|Two Minute Tax Tips|Comments Off on Spousal Support vs. Child Support

Rental Income, Tax, and Profit

©iStock/dcsliminky Maybe you’ve got an extra room in your home that you’re renting out for a relief on the bills. Or maybe you’ve just moved in with your significant other, and you’re renting out your bachelor pad before selling it. But beware: if there’s still a mortgage on the property, you may think [...]

By |March 5th, 2017|Two Minute Tax Tips|Comments Off on Rental Income, Tax, and Profit