by James Gustafson | Feb 20, 2013 | Uncategorized
Over the years I have helped many people to catch up on their taxes, in some cases going back the maximum allowable of ten years. Yes, you can file tax returns as far back as 10 years and they will be accepted by the CRA. In many cases I have met people who had...
by James Gustafson | Jul 4, 2012 | Taxation, Uncategorized
Fear and Uncertainty. These two words were very representative of the general environment of US citizens in Canada that needed to catch up on US income tax return filings. Until recently, that is. If you are a US citizen living in Canada and have not filed your US...
by James Gustafson | Jul 25, 2011 | Taxation, Uncategorized
Many people have heard of the idea of becoming non-resident for Canadian tax purposes. Since the Canadian tax system is based on your residency becoming a non-resident means avoiding Canadian taxes in most, but not all, situations. This blog does not address the...
by James Gustafson | Mar 2, 2011 | Uncategorized
I recently gave an interview to the CBC regarding tax breaks that I have frequently seen missed by Canadians over the years. You can see the whole article here, which also includes useful tips from well-known financial author Evelyn Jacks. Keep watching the CBC site...
by James Gustafson | Feb 13, 2011 | Accounting, Incorporation, Taxation, Uncategorized
If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these...
by James Gustafson | Feb 8, 2011 | Taxation, Uncategorized
Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous “attribution rules” in the Income Tax Act. This can result in significant tax...
