Can I change a tax return that I have already filed?
As a chartered accountant in Victoria, this is one of the most common questions that I hear. The simple answer is yes, tax returns may be amended...
Holding Companies, What are they and why do I want one?
As a business owner with a successful company have you ever wondered if you might benefit from a holding company? The answer may well be yes. ...
TFSA Overcontribution Problems?
A big issue with the new Tax free savings accounts (TFSA) was revealed this week when the Canada Revenue Agency announced that it had issued more...
What are the tax responsibilities of an Executor/Executrix?
When agreeing to take on the role of Executor for someone's Estate or when beginning an Executorship after someone's decease it is good to have a...
Charitable Giving and Estate Planning
We all know that giving to worthy causes is a good thing to do and generates useful tax slips that help reduce our taxes. Did you also know that...
Does the Canada Revenue Agency take enforcement action?
You bet they do! This blog will follow some of the recent enforcement actions that CRA has been involved with to illustrate the old adage that...
Wondering about Incorporating?
When is the right time to create a company for your business? This is one of the biggest questions that most businesses will face as they grow and...
Gustafson accounting now accepting new clients
Gustafson Accounting is a great choice for your business and personal tax accounting needs. James is a Chartered Accountant who has been working in...