Blog Detail
Small Biz Markham - Markham Accountant
http://www.smallbizmarkham.blogspot.com
This blog is primarily for Small Business Owners.
Here you may find useful information that can help you achieving your business and personal goals.
Recent Posts
\'Special\' EI benefits for self-employed to begin in 2011
Small business owners, read this good news!The federal government has introduced legislation to extend some Employment Insurance benefits to the self-employed, human resources and skills development minister Diane Finley said Tuesday morning.At a pre...
Tipping the scales in favour of small business
Interesting article on Toronto Star:Two experts weigh in on how you can get financing during a recession and what are the biggest mistakes owners often makeCatarina von Maydell, director of the Innovation Synergy Centre in Markham, explains how a sma...
COMMON DEDUCTIONS AND TAX CREDITS FOR STUDENTS
The most common deductions that apply to students are moving expenses and child care expenses.Moving ExpensesYou can deduct moving expenses if you move to attend courses as a full-time student or if you moved to start a new job, including summer empl...
Contract Doesn’t Determine Worker Status
Chances are, your business has independent contractors as well as employees. If so, it’s important to be aware that the Canada Revenue Agency (CRA) will determine whether a worker is an employee or independent contractor based on the facts and circ...
Recession officially here, but worst may be over
It's official. We're in a recession.Confirming what Canadians have known intuitively for months, Statistics Canada announced today the national economy contracted at an annualized rate of 5.4 per cent in the first quarter.That follows a 3.7 per cent ...
Keep The Invoices
Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors.For example, the input tax credit may be disallowed if only the credit ...

