Update - Our office is open for public and we doing personal taxes in Person

Archives: October 26, 2020

Is your Hobby A Taxable Business Income?

Hi this is Muhammad Nasrullah I have accounting firm providing public services    For more than 20 years in Greater Toronto Brampton and Mississauga Area   Hobby Or Business If you have a hobby that you like to do for fun, be it collecting and selling rocks, or making art, or giving out boxing lessons,

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Five Ways To Pay Less Tax In Canada

Five Ways To Pay Less Tax In Canada

If you are subjected to pay Canadian income tax and looking for effective ways to save money from it, here is the right article for you! Let us find out what you can do to reduce your income tax legally. 1. Take Advantage Of Your RRSP RRSP (Registered Retirement Savings Plan) is a type of

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Things To Know For Uber Drivers And Taxes

Things To Know For Uber Drivers And Taxes

If you live in the city or any suburban area, then you have heard of Uber. Uber is a company that essentially works as a taxi service but just a little bit cheaper than your regular cabs. The way Uber works is by downloading the app off your phone’s app store, then after downloading, you

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How to Get Rid of Tax Debt

How To Get Rid Of Tax Debt

If you have tax still owing to the Canada Revenue Agency, there are a couple different ways to help you get rid of the debt. The CRA acts very fast and will take extreme actions to get the tax owing from you so you must be quick to act. There are multiple ways to help

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How To Save Taxes For Newlyweds

How To Save Taxes For Newlyweds

The following are tax tips for newlywed couples. How can you save on taxes as new wedded couple. You should start by investing into a home buyers plan. Most couples will buy their first home and that would be their biggest purchase by far. The mistake people make is not knowing that you can contribute

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GUIDELINE TO DOWNSIZING YOUR PROPERTY

GUIDELINE TO DOWNSIZING YOUR PROPERTY

If you are looking to downscale but are not sure if you should rent or buy a property here are some tips. When you feel that you should downscale from a home to an apartment or a smaller property it is hard to determine whether you should rent or own the property. Many factors go

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