Tax Planning Strategies Archives - Page 7 of 8 - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

Are You an Employee or a Subcontractor?

This is an important question to be aware of, especially for small businesses. Most people may think there are not many differences between the two; however, how things are carried out in the business and the potential outcome of tasks, make all the difference. It is important to […]

Read more
Scam Alert

Tax Scam

Tax Scam Phone Calls

Currently one of my client received this email,

“Dear Canada Revenue Agency Customer,

 After the last annual calculation of your fiscal activity we have determined that you are eligible to receive a tax refund of $410.50.

 Please submit the […]

Read more

Why do I have to pay tax by Installments?

Personal Tax Installments

 

You have to pay tax by installments for the same reason that most people have tax withheld from their income throughout the year. If you earn income that has no tax withheld or does not have enough tax withheld for more than […]

Read more

Income Splitting with Minor Kids

Splitting Income with Minor Kids to Save Taxes

One way to reduce your taxes is to split income with your family. This is one of the popular tax planning strategy. Under this strategy, you hire your children and pay them salary which is deductible to your […]

Read more