by mrtaxes | Jan 17, 2023 | Uncategorized
To slow down recent inflation, the Bank of Canada raised its overnight rate by an additional 50 basis points on December 7. This suggests a potential economic slowdown in 2023 when coupled with RBC analysts’ forecast of a recession during the first quarter of...
by mrtaxes | Jan 10, 2023 | Uncategorized
Founder, president and CEO of MrTaxes.ca Inc. Robert Stone has been an income tax professional since 1983. Roberts career bean in 1983 while still in high school where he was paid to complete his first tax returns for friends and family. After various career changes...
by mrtaxes | Jan 10, 2023 | Uncategorized
The newly appointed CEO of the collapsed cryptocurrency exchange FTX, John Ray III explained to lawmakers the absence of monitoring and financial controls that he found since taking over the business a month prior when he testifies before a House committee on Tuesday....
by mrtaxes | Jan 4, 2023 | Uncategorized
Excerpt from “www.TaxSavingBible.ca I was introduced to Toastmasters (www.Toastmasters.org) in 2010 by a colleague Rob Nelson. In recent years I have learned that self-development is important if you want to improve and grow as an individual. I wish to express my...
by mrtaxes | Jan 4, 2023 | Uncategorized
We don’t mean to be biased because we are accountants, but it’s the truth. If you have a car, you hire a mechanic. If you have teeth problems, you see a dentist. Likewise, business owners should hire an accountant to help with their bookkeeping and tax work. Here is...
by mrtaxes | Jan 4, 2023 | Uncategorized
New Year’s resolutions have always been a way to take a mental benchmark what’s truly important in our lives, allowing us to reflect on the years behind us, as well as plan for the year ahead. If a global pandemic has taught us anything, it’s that we...
by mrtaxes | Mar 28, 2020 | Uncategorized
If you have a September 30 corporate year end your return is due by Midnight March 31 (This Tuesday). Don’t panic as we can help file on time. This strategy will allow you to participate in the August 31 deadline to pay balances without penalty. The CRA has not...
by mrtaxes | Nov 14, 2019 | Uncategorized
Although there are many risks to being self-employed, it also comes with many benefits. We’re sure that you have already considered the risks – unstable income, lack of benefits, etc., but we want to reveal the extensive benefits that are available to help you...
by mrtaxes | Oct 17, 2019 | Uncategorized
WHAT IS THE HOME BUYERS’ PLAN? The Home Buyers’ Plan is offered by the Canada Revenue Agency that allows individuals who are purchasing their home for the first time to withdraw $35,000 from their RRSP tax-free to help pay for the down payment on the home. For people...
by mrtaxes | Oct 1, 2019 | Uncategorized
WHAT IS LIFE INSURANCE? A life insurance policy provides a designated beneficiary with a lump-sum, tax-free sum of money when you have passed away. There are two different types of life insurance – term and permanent. Term life insurance provides the payout benefit if...
