2171 Dunwin Drive
Unit # 10
Mississauga, ON. L5L 1X2
2010 Winston Park Drive
Suite # 200
Oakville, ON. L6H 5R7
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Call now: +1 (416) 454-8812

Tax information

T1 Tax Returns – Changes affecting 2016 T1 Personal Tax Returns

The Tax Season is upon us!  As your Accountant in Oakville, I have summarized the 2016 Personal Income Tax changes, which may affect our clients’ T1 General (Personal Income Tax Returns) one way or another, depending on your own individual circumstances of course. Feel free to call us at 416.454.8812 or email at mina.hanna@accountingontrack.com if […]

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Salary Vs Dividends

Salary or Dividends?   The question which almost every small business owner who wants to save taxes ask. If you are a small business owner and you want to save takes, you need to understand the difference between dividends and salaries. Deciding on the right compensation strategy between salary and dividends can be quite complex. […]

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Registered Retirement Savings Plans (RRSPs)

Maximizing your RRSPs effectiveness is considered to be one of the most powerful year-end tax planning techniques. Registered Retirement Savings Plans (RRSPs) – Here is what you need to know in few words. – The more you contribute to your RRSP the less taxes you pay (as long as you stay within your RRSP deduction […]

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Canada Child Benefits

If you are in receipt of Canada Child Benefits you may be contacted by CRA and requested to support your eligibility or entitlement to these benefits. In general, there are three main topics of review:

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Tax planning

Tax planning The Canada Revenue Agency (CRA) recognizes that you are entitled to arrange your affairs as provided for under the law to reduce your tax liability and to receive the benefits to which you are entitled. However, aggressively pushing the limits creates a risk of crossing the line, the line between acceptable tax planning […]

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