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Amendments to the government’s passive income rules may be disadvantageous for small businesses, according to Canadian Federation of Independent Business (CFIB) president Dan Kelly. Specifically, the rules may hinder the companies’ growth potential. While he said the implementation was good news because the government is starting to understand how important … Read More
DailyXY’s MoneyGuy blog is sponsored by RBC A tax audit is like getting hit by a car. You think it’ll never happen to you — until it does. However, whereas getting hit by a car hurts — a lot — audits can actually be relatively painless. The Canada Revenue Agency … Read More
DailyXY’s MoneyGuy blog is sponsored by RBC You’re a bartender, a contractor or some kind of freelancer. Or maybe you’re just lazy. Whatever the case, you haven’t filed your taxes — in years. What happens now? You’ve got three possibilities. The first is that you keep on livin’ the dream, not … Read More
