by northnet | Jan 6, 2014 | Tax Services
It’s RRSP time again, and many people may be trying to decide whether or not to invest their money in an RRSP. As you make that decision, don’t overlook the possible financial advantage of the Home Buyers’ Plan (HBP). With the HBP, anyone who hasn’t owned a home in...
by northnet | Mar 13, 2013 | Tax Services
The changes to the Scientific Research and Experimental Development (“SR&ED”) program announced in the 2012 Federal Budget may have an impact on your 2013 SR&ED claim. Here’s a short summary of the main changes and some possible planning points to allow you...
by northnet | Dec 12, 2012 | Tax Services
You own a business in Kingston, Ontario and are considering the installation of solar panels on your facility’s roof to take advantage of the terms offered under the microFIT or FIT programs. Your tax considerations would include: The income you earn from the project...
by northnet | Dec 11, 2012 | Tax Services
Most corporate returns are e-filed with CRA, and starting January 1, 2013, almost all corporate tax returns will be required to be e-filed with CRA. Electronic transmission gives them easy access to analyze your financial data. Don’t be surprised if you get a...
by northnet | Dec 11, 2012 | Tax Services
We’ve noticed that CRA appears to be getting more aggressive in the way they perform their field audits. Here are some basic tips that will help you survive your CRA audit When CRA calls to advise you that you’re having a tax audit, call your accountant immediately,...
