Tax Credit vs. Tax Deduction

December 31st, 2014

When aiming to lower your overall tax bill, as a business or as an individual, the two main mechanisms are tax credits and tax deductions. They are treated differently, however, and this article will help you clearly understand the difference when it comes to a tax credit vs. a tax deduction. Tax Credit A tax … READ MORE


December 31st, 2014

Both a Registered Retirement Savings Plan (RRSP) and a Tax Free Savings Account (TFSA) are very useful tax efficient investment tools that exist in Canada. The Canadian Revenue Agency (CRA) has created unique tax rules for each tool to encourage Canadian residents to save for their future. This article will help provide you with a … READ MORE

ETF vs. Mutual Fund

November 20th, 2014

When approaching investing your savings the options available to you can be pretty overwhelming, especially with some investment products appearing to be the same. Exchange Traded Funds (ETF) and Mutual Funds are very similar investment products, but with some key differences that can have an impact on your taxes and your ability to buy and … READ MORE

New EU VAT rules will have seismic effect

July 11th, 2014

New EU VAT rules will have a seismic impact on how eCommerce works. Affected businesses will have to adapt so as to meet the internal demands and external requirements of the VAT legislation reform. Compliance with the new EU VAT rules is now key. How will an eMerchant comply with the new rules? The new … READ MORE

Deadline Approaching to Comply with New VAT on eServices

June 19th, 2014

The new EU VAT on eServices comes into effect on January 1, 2015, and will – potentially – result in a host of administrative burdens for eMerchants. There are numerous issues ahead for businesses that have B2C sales of digital services in the EU. The new VAT rules only affect sales from a business to … READ MORE

LLC vs. Corporation

November 22nd, 2013

When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and hassle down the road. Here are a few things to consider in making your choice. S … READ MORE

Roth IRA vs. Traditional IRA

November 22nd, 2013

After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of … READ MORE

Bypass Trusts and Married Couples

June 25th, 2013

As with any great relationship, give and take is an important component. If we give too much without taking anything, we will tire and grow frustrated quickly. If we take too much and give little or nothing, our better half will likely be discouraged. The same goes with estate taxes at death. If we leave … READ MORE

8 Simple Steps For Amending a Tax Return

February 15th, 2013

Death and Taxes’ as the phrase goes, are the two things in life we can always count on. As tax laws evolve and our personal lives change, the amount of taxes to be paid, refunded and filed literally changes from year to year. Invariably, in a life time, there will be more than one occasion … READ MORE

What is Difference Between Direct and Indirect Tax?

January 25th, 2013

Learn about the difference between Direct and Indirect Tax.

Can Value-Added Tax Help America Raise Revenues?

January 25th, 2013

Questions about Value-added Tax? Learn about this form of taxation.

Consumption vs Income Tax: Which has a Larger Impact?

January 25th, 2013

Difference between Consumption and Income Taxes

Understanding Sales Tax, Its Exemptions and Criteria

January 25th, 2013

Learn about Sales Tax.

What Is a Capital Gain and What Does It Mean For My Taxes?

January 25th, 2013

Learn about capital gains and what they mean for your taxes.

Generation Skipping Trusts and Why They are Advantageous

January 25th, 2013

Learn more about Generation Skipping Trusts to make sure that your wealth lasts for multiple generations and there are no unintended beneficiaries.

Tax Advantaged Investment Options for Retirement

January 25th, 2013

Don't make the mistake of not planning for your future. Learn about the taxes benefits associated with various retirement programs.

Understanding the Tax Ramifications of an Inherited Roth IRA

January 25th, 2013

Roth IRAs are an attractive option for many but the associated tax benefits come with caveats, read this article to make sure they don't derail you or your heirs.

Tax Issues Related to Your Business

January 25th, 2013

Do you run a small business? Learn how taxes can affect your business.

Different Types of Credits to be Aware of While Filing Taxes

January 25th, 2013

Who doesn't want to get money back when they pay their taxes? Learn about the various tax credits to make sure you don't end up paying too much.

Don’t Wait Until March – End of the Year Tax Planning Tips

January 25th, 2013

Many people don’t even think about their taxes until March. But there are good reasons not to wait until the deadline looms in the near future. As the end of the year approaches, there might be some things you can do to reduce the burden you will have when you files your taxes. Here are … READ MORE