Canadian Income Tax

/Canadian Income Tax

2017 Canadian and U.S. Income Tax Newsletter

This is a brief summary of some key considerations and due dates for your 2017 Canadian and U.S. individual income tax filings. Our firm also handles Canadian and U.S. corporate income tax filings and consultations. Please feel free contact our office to schedule a consultation or ask any questions you may have. CANADIAN TAX CONSIDERATIONS 2017 [...]

2017 Canadian and U.S. Income Tax Newsletter2018-02-14T18:06:40+00:00

To lease or buy your next car?

I dare say one of the most common questions we address is whether to lease or buy a new vehicle and the question usually comes from a place wanting to save the most in taxes.  First and foremost, taxes should not be the only factor considered in this decision, one should consider the interest rate, [...]

To lease or buy your next car?2017-11-13T14:50:37+00:00

Contractors look out!

It is no secret cash is king when it comes to working with contractors. Whether it’s at the customer’s request or the contractor’s, cash if often the preferred method of payment due to the perceived benefits. Customers typically want to save the 13% HST and contractors often want to avoid paying income tax. Further cash [...]

Contractors look out!2017-09-01T10:44:38+00:00

Accounting and Tax considerations for Sole Proprietors, CCPC and Partnerships

This article is written by the Chartered Professional Accounting firm of Edelkoort | Smethurst | Schein as our way of explaining in simplistic terms, the tax implications of operating sole proprietorships, partnerships, and corporations in Canada. Starting with setting up shop as a sole proprietor, and then progressing to establishing a corporation. In between, you [...]

Accounting and Tax considerations for Sole Proprietors, CCPC and Partnerships2017-08-17T16:13:36+00:00

U.S. and Canadian Accountants – Burlington, Ontario, Canada

Welcome to the Chartered Professional Accounting firm of Edelkoort, Smethurst and Schein. We are a small CPA firm located in Burlington, Ontario and loaded with expertise and experience, and customer care! Please take a moment to read this overview, and if you are interested or need to discuss further, please contact us – we would [...]

U.S. and Canadian Accountants – Burlington, Ontario, Canada2018-01-12T11:33:58+00:00

Canada Revenue Agency: MyAccount

In recent years the Canada Revenue Agency (CRA) has done a lot of work in their online services to make paying income taxes, tracking benefits and refunds, and updating information easier.  The MyAccount service has been around since early 2015 and provides a great portal for taxpayers to access their information in the CRA’s records.  [...]

Canada Revenue Agency: MyAccount2017-05-02T15:27:40+00:00
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