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Tax Planning May Minimize Your Payable Tax Amount

Tax planning can be used to minimize your tax payable. Here is a couple of ways that you can achieve this: Invest in Registered retirement savings plans (RRSP). Eligible RRSP contribution amounts will reduce your taxable income. However, any RRSP withdrawal will increase your taxable income, whether you re-contribute that amount to the plan later…  Read more…

Protect Yourself From Tax Protester Schemes

Protect yourself from tax protester schemes. These schemes involve individuals who try to convince other Canadians to not pay their taxes. The CRA is increasing their efforts to audit and prosecute promoters of tax evasion schemes. It's important to know these facts: Fact 1 – You are not two people for tax purposes. One of…  Read more…

Monitor the Return On Advertising Dollars

Advertising is an essential expense to any business however an expensive one. Keep in mind these helpful tips to ensure you are getting the most out of your advertising: 1) Monitor your ads. It is important to keep track of what ad is working for you. This is as simple as giving each type of…  Read more…

Hiring Credit Held Over Until 2012

In attempt to improve Canada’s economic growth the government has extended the temporary hiring credit until 2012. A credit of up to $1,000 against a small employer’s increase in its 2012 Employment Insurance premiums over those paid in 2011 will be provided. The actual amount a small company will be credited is equal to the…  Read more…

Time to Get Ready for Year End

Four Tips For Handling Receipts Tax time is just around the corner so let’s help you get ready for your year end. Time to get these receipts in order! One area that most people absolutely hate is taking care of receipts. Here are four tips to help you get a handle on all your receipts….  Read more…

The management and staff at Ashcroft and Associates are always professional in any dealing I have with them I would have no problem to recommend them to other businesses.
Anne Delaney
CEO Delaney Relocation and Home Support Services Inc.