In the digital age, e-commerce has revolutionized the way we shop. From the convenience of our homes, we can order anything from groceries to gadgets. If you’re an Ontario-based e-commerce business owner, it’s essential to understand the tax implications of Read more
Hey there, dear readers! Today, we’re diving into a topic that affects many of us in Ontario: The Climate Action Incentive. Don’t worry, I’ll break it down in a way that’s easy to understand. So, grab a cup of tea Read more
Your Simple Guide to Tax Buckets (Brackets) in Ontario: Hey there! If you live in Ontario, you’ve probably heard about taxes. We all pay them but understanding them can be a bit tricky. Don’t worry! We’re here to break it Read more
The New Canada Workers Benefit 2023: A Comprehensive Guide. The Canadian government is introducing the New Canada Workers Benefit (CWB) on July 28, 2023, to provide essential financial aid to low-income workers across the country. Eligible single workers and families Read more
October is small business month, and that means it’s time to celebrate the hardworking small businesses that make our communities so vibrant. From the corner bakery to the family-owned hardware store, small businesses play a vital role in our economy. Read more
Mental and physical health are important to leading a rich and happy life. Doctors say getting regular exercise can combat health conditions and diseases, improve moods and energy levels all while helping you get a better sleep. Doctors are trying Read more
First things first, we do not have any affiliation with Patagonia. We are just simply huge fans of their product, and we feel they align with OUR company values. Is Patagonia clothing worth the money? We LOVE the fact they Read more
A common question asked by clients is “How do I LOWER my taxes at YEAR END?” Steve will break down 3 TIPS for lowering your taxes at year end by USING INVESTMENTS! These are HUGE YEAR-END TAX SAVING TIPS in Read more
In this week’s episode, Steve N Tyler talk about this awesome rebate available from mapleleavesforever.ca. They also chat about a beautiful construction detour they stumbled across while travelling North to the cottage. Covered with beautiful Maple trees, that are also Read more
Some exciting news coming for seniors in Ontario. The Government is increasing the Old Age Security pension by 10% for seniors 75 and older as of July 2022. How great is that? The Old Age Security pension is a monthly Read more
The Ontario Tourism and Travel Small Business Support Grant provides a $10,000 – $20,000 grant to eligible businesses. How do you know the amount you will get? Well… the government hasn’t really explained that part. When the Government rolled out Read more
In typical Government fashion, they rolled out this credit and explained it in a way unlike anything they have ever explained. Thats just great… right? Steve N’ Tyler dive into this credit in this weeks Wealthy Choices episode. The Canada Read more
In this weeks episode of Wealthy Choices, Steve N Tyler talk about the first time home buyers plan being increased to 35K. What is the first time home buyers plan? It’s a plan that allows you to take money from Read more
If you are a small business owner, you might be running your business from a personal bank account. You also might be asking yourself, “Should I use a business account or a personal account?” In this week’s YouTube video, we Read more
Every year there is a basic personal amount, which is the amount of income you can make tax free. It increases over time to account for inflation. This year, there have been some changes regarding this amount. The amount is Read more
We’ve talked about the benefits of filing your taxes early. Now let’s talk about filing taxes late and what happens in that situation… It’s not good! Filing taxes late results in major interest in penalties. The interest for filing late Read more
Happy tax season! As you’re preparing your things to file your taxes (or maybe you haven’t started yet), we wanted to go over some awesome benefits of filing early! RRSP Benefits If you’re not sure how your RRSP can help Read more
As we near the cut-off for depositing to your RRSP for the 2020 tax season, let’s talk about what an RRSP actually is and how you can use it to maximize your savings. What is an RRSP? An RRSP something Read more
Time to go over what a TFSA is, how you can use one to maximize your savings, AND what the 2021 updates are!In our previous post on emergency funds, we talked a little bit about the TFSA. You can check Read more
The third instalment of our series on the benefits of incorporating covers the ability to pay yourself in dividends. If you are shareholder and work for the corporation, you can pay yourself a combination of dividends and wages. The first Read more