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The records that must be kept include books of accounts and records which provide the ability to calculate taxes payable. Books and records must be supported by "source documents" which substantiate

The Department of Finance (Canada) (Finance Canada) has released, for public comment, draft legislative proposals (Draft Proposals) to amend the Excise Tax Act (ETA) in order to address certain issues

From 2007 through 2018, births in the US have declined by 470 thousand on an annual basis, or an 11% decline. The US fertility rate has likewise cracked lower, from 2.12 births to 1.72, an 18% decline

TAX CREDIT FOR CHILDREN'S ACTIVITIES Federal government eliminated children activity credit. However in Quebec this credit is available. You can claim a refundable tax credit for the physical activities

"It starts with asset managers raising pools of money from investors interested in higher-yielding debt. Direct lenders tend to hold onto the loans long-term, sometimes offering growth support to

E-COMMERCE: SUPPLIERS OUTSIDE CANADA NOW COLLECTING QST One of the measures that the Minister of Finance announced in the 2018–2019 Budget Speech given on March 27, 2018, was the creation of a new Québec

The commissioner emphasizes that cannabis purchasers take care not to provide more personal information that is necessary to retailers, noting that consumers may be required to show identification in order

Antonopoulos explains that requiring documentation for banking is a historically recent phenomenon that is based on two assumptions. First, people with identification are “assumed” to be good and thus

Tax on text messaging. What next? Tax on breathing? If you are sportsmen, you breathing more air than a regular person. So pay more taxes? Do not forget tax on rain or snow.

If you own foreign property, remember your reporting obligations. You must file Form T1135, Foreign Income Verification Statement, on time. There are substantial penalties for failing to complete and file

Principal residence exemption Did you know that any profit–called capital gain–on the sale of your principal residence may be exempt from taxes? Generally, you do not have to pay tax on a capital gain

What is the sharing economy? The sharing economy is a way to consume and access property and services. In this economy, communities pool, loan, and share their resources through networks of trust, often

Expanding on an observation from his last talk, Andreas asks why we talk so much about the cartels in drugs and oil, but rarely about one of the largest cartels in the world: banking. He analyses recent

A Revenue Quebec employee made a purchase at a Tim Hortons restaurant in Montreal and was not provided by the cashier with a receipt. The restaurant was charged for this failure under a more rigorous Quebec

CRA indicates that the s. 162(7) penalty for late-filing of a T1135 will be imposed automatically

Crypto currencies are not like real dollars. The IRS considers crypto currencies to be a form of property, which means that every crypto currency transaction, no matter how small, triggers a separate tax

Pursue your passion and let QuickBooks handle your books. QuickBooks helps keep your small business finances organized all in one place. Use my link to save 50% on your first 6 month.

As they currently stand, both traditional cards and crypto payment solutions leave a lot to be desired. Transaction fees of over 3% for some cards can add up to substantial losses over time for businesses

Cointext.io is a cryptocurrency wallet that provides users with the means to send bitcoin cash (BCH) through SMS technology (text messages). The wallet gives any text-enabled mobile phone the ability to