Choosing an accountant for your business is always a delicate endeavour. It’s incredibly important for your accountant to under­stand your business thoroughly, inside and out, backwards and forward. So, for some non-traditional businesses (i.e. profes­sional blogger), this can be tricky to say the least. A post titled How to pick an accountant for your online business […]

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In Canada, there are no hard and fast rules in the Tax Act that help an individual determine whether they are an employee or an independent contractor. There are three tests, which have evolved through court decisions, that are used to assess the relationship between an individual and his/her employer. They are: Economic reality or entrepreneur […]

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The Globe and Mail, a Canadian daily, has a feature on their website today where three tax experts from Couzin Taylor LLP and Ernst & Young LLP answer questions from readers about the interest deductibility “feature” of the Federal government’s budget. I’ve blogged about this compli­cated topic a couple of times now but never really […]

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In late March I talked about the Canadian Federal budget, which had been recently released, and how it included a measure to prevent companies from deducting interest on debt incurred to fund foreign opera­tions. I couldn’t under­stand the logic of the move. It seemed strange for a conser­v­ative government normally known to be friendly to business. […]

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Yesterday’s Globe and Mail: The federal Finance Department is acknowl­edging it could reap a bonanza of additional tax revenue from a contro­versial budget move to scrap the deductibility of interest that companies incur to fund foreign opera­tions. I’m trying to under­stand the logic here but I can’t. I know this is money leaving the country, but […]

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