Topic: Blog

RRSPs & TFSAs: Deadlines and Limits

Posted on 2015 Feb 03 by

Are you ready? The 2014 RRSP contribution deadline is fast approaching! Here are the 2014 RRSP deadlines and contribution limits you need to know: – The 2014 RRSP contribution deadline is March 2, 2015– The 2014 RRSP maximum contribution limit is $24,270– To determine your 2014 RRSP contribution limit, check your 2013 Notice of Assessment Here…

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Is Success Only Measured By Profits?

Posted on 2015 Jan 23 by

Profits may be the most popular metric of measuring the success of a business venture but it is by no means the only (or the best) method for measuring success. Most start-ups are not profitable at the beginning of operation and many are not profitable for years. While monetizing a business is an important goal…

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Why Start a Business?

Posted on 2015 Jan 20 by

Why would anyone want to start a business in the first place? The risks associated with starting a business are not the types of risks most people are used to. Starting from scratch can be stressful and discouraging. You might feel that you’re assuming much more responsibility than you’re used to. You may often be…

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Tips To Avoid Identity Theft

Posted on 2014 Aug 12 by

Unfortunately, identity theft is very common today. In fact, it affects millions of people in North America each year. Identity theft occurs when someone steals your personal information for criminal purposes. For example, your mail is stolen which happens to include your monthly credit card statement. The thief calls the credit card company to change…

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Professional advisor key to successful restructuring

Posted on 2014 Aug 12 by

For many business owners or managers, working through a distressed situation can be very difficult and time consuming. In many instances, it may be the first time the business has gone through a troubled operating patch. It’s probably human nature to try to resolve the situation yourself, without any outside help – or maybe it’s…

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U.S. expats and Obamacare

Posted on 2014 Aug 12 by

If you are a U.S. citizen living in Canada, get ready. Depending on your investment and overall income, you may be required to pay a new U.S. healthcare tax when you file your U.S. income return for the 2013 tax year. A little background: Health care and more specifically how to fund and by extension…

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Snowbirds tax alert

Posted on 2014 Aug 12 by

It’s no secret that since the global economic crash of 2008, the U.S. has been working hard through the IRS to boost its economy. First came the Foreign Account Tax Compliance Act (FATCA) and now, in an ironic twist, two new pieces of legislation are targeting Canadian retirees who choose to escape the winter chill…

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What’s the big deal about T1135?

Posted on 2014 Aug 11 by

Word to the wise: if you haven’t already, start your tax preparations now as this tax filing season has just gotten a little more onerous thanks to the Canadian Revenue Agency’s new rules around foreign income. When Jim Flaherty announced the 2013 budget last March, he also took the opportunity to introduce more stringent reporting…

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