Tax Planning Strategies For Sole Proprietors

Sole proprietorship’s are the most basic form of business organization. They are actually an extension of the person and are taxed as such. Due to its simplicity, many business start-ups begin as this form of organization. As your business grows, there are numerous taxation benefits to setting it up as a corporation. Speaking to a Read more about Tax Planning Strategies For Sole Proprietors[…]

Debt Reduction As Retirement Savings Strategy

  Statistics Canada recently reported the ratio of household credit market debt to disposable income reached the highest level since the agency began tracking this figure. In 1990 it was 50%, rose to 110% in 2000 and jumped to 149% in the second quarter of 2011. This can cause some angst for those with children Read more about Debt Reduction As Retirement Savings Strategy[…]

The 183 Day Rule

The 183-Day Rule: Important Information for Snowbirds Do you migrate south to avoid the cold, harsh Canadian winters? As a snowbird, there are numerous United States tax policies that you should be aware of. If you are not mindful of these tax regulations, you could be responsible for paying U.S. income tax or face penalties Read more about The 183 Day Rule[…]