All posts by Terry Robert »
Business Eclectic
Skimming through the internet recently, I came across this quote from comedian Fred Allen An income tax form is like a laundry list – either way you lose your shirt. Allen, who died in
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Due to new developments, this time I have decided to go back and elaborate on a comment that I made a couple of articles back. As many of you may have guessed, even though
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This time, I thought that I might briefly discuss a couple of issues regarding investment strategy. A constant theme that I have heard over the years is the advantage of investing outside Canada, especially
Read More »Dealing with Fraud 2
In the last article I discussed fraud schemes where outsiders try to take advantage of the business person essentially by pretending to provide a product or service that is overpriced or not delivered. This
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One of the things about being in a public practice firm is seeing the different ways that people go about earning a living. In our practice we have a number of small to medium
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We are approaching the end of tax filing season and a common issue is coming up again; what to claim for medical expenses? First, a brief history on medical expenses from my perspective. Over
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In the last few weeks I have read a number of articles about ethics. I thought I would discuss the subject of ethics with some stories from my experience. When I was 19 years
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The Certified General Accountants Association of Canada recently published the results of their survey concerning scams. Although scams exist all year round, they increase around tax time. Approximately 20 per cent of Canadians have
Read More »Penalties – Something to Think About
Penalties are something that really makes errors, even accidental errors, a real concern when dealing with the Canada Revenue Agency (CRA). I have to admit, as a former income tax auditor with what was
Read More »Specific Claims
This time I will discuss a few specific items to watch when doing your tax returns. 1. Pension Income Credit. For some time the federal government has provided a federal tax credit of 15%
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