Although the Canadian tax system is a “self-assessing” one, in which taxpayers calculate and report their income to the federal government on an annual basis, the fact is that the returns of many, if not most, individual taxpayers are actually prepared by someone else—perhaps a willing family member or friend, one of the many tax return preparation services or an accountant. It follows, therefore, that most taxpayers will, at least on occasion, find it necessary to deal with the Canada Rev...
HSM proudly celebrates 50 years of delivering quality and timely financial solutions for businesses.
Starting from the firm's inception 50 years ago, we have been dedicated to meeting the needs of small- and mid-sized businesses across a vast range of industries that include real estate ownership and developm...
Has your small to medium-sized business been taking advantage of the “tax loopholes”, as described by the CRA and the Department of Finance in the past, in order to shield your income from high levels of taxation? The latest changes to Canada’s taxation guidelines can affect your financial practices. The Department of Finance, has in its own mind, designed these proposals to enable a stronger, more fair and efficient economy which benefits all Canadians. Aft...
