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Banka: Director’s liability in small corporations

Whatever happens, you want to make sure your family members have a roof over their heads and can feed themselves if the company goes south.
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Banka: Some carehome expenses are deductible

Canada Revenue has ruled that several items provided by a car home establishment would be deductible.
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Banka: Canada Child Benefit and other tax child matters

…it has been CRA’s policy to allow back payments for the last two years once you bring your tax filings up to date.
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Banka: Lots of changes coming for 2016 tax year

Banka: Lots of changes coming for 2016 tax year

Financial columnist Gabriele Banka looks at impact on tax code with election of new Liberal majority government.
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Banka: Illuminating the latest sub sub-contractor scam

The time lag to pay these workers can be up to 60 days and in some cases the sub sub-contractors may not be paid at all…
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Behind The Counter: Death and taxes

Behind The Counter: Death and taxes

Having a will in place is essential to ensuring your financial affairs are in order upon your death.
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Banka: Tax credit changes coming

Banka: Tax credit changes coming

The first tax credit from the Liberal federal government to go is the Family Tax Cut.
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Banka: Bookkeeping for corporation vs. sole proprietorship

Banka: Bookkeeping for corporation vs. sole proprietorship

A sole proprietorship's income tax is paid at the owner’s marginal tax rate; a corporation has its own tax rate and tax credits.
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Banka: Understanding Canada’s income tax system

Our tax system is considered progressive because the higher your income level, the more tax you pay.
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Banka: Changes expected for 2016 tax year

Combined child credits, home buyers, school supplies, home accessibility to name a few tax credit changes.
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