by adminaccountantcpa | Feb 26, 2019 | Medical Professionals, Tax Information
Here are some of the main tax measures which will affect the 2019 tax returns of physicians. 1.Decrease in Small Business Tax Rate As we all know, the Federal small business tax rate decreased from 10% to 9% causing the combined Federal and Ontario small business tax...
by adminaccountantcpa | Dec 17, 2018 | Tax Information
Having a Tax-Free Savings Account is a great way to invest and earn interest income. However, as with other investment vehicles, there are some tax implications in case of sudden demise of the owner. Here’s a short video explaining some of the more important...
by adminaccountantcpa | Nov 7, 2018 | Medical Professionals, Tax Information
If you’re one of many self-employed physicians practicing in Ontario then you need to be aware of some further responsibilities with regards to your taxes. Here are some things to keep in mind. 1. When to Pay your Taxes As a self-employed physician, make sure that you...
by adminaccountantcpa | Oct 4, 2018 | Tax Information, Tips
1. Claiming Medical Expenses This year you can claim up to $2,300 in medical expenses when filing your taxes. This is a great way of reducing the total payable amount and can include expenses for yourself and your family. There’s no denying that these bills add to...
by adminaccountantcpa | Dec 31, 2015 | Tax Information
Tax Benefits for the Self-Employed There are many tax advantages for self-employed Canadians who work from home and hire family members in their business. The December holiday season is a time for home and family. This year, if you are self-employed, you may want to...
