The Tax Preparation Blog

Archive for January, 2007

Question: Edmonton- Small Bus. Accountant- Low Rates Where Do I find one?

Looking for a small business Accountant, who has low accounting fees. to Do Canadian Corporate Year end and Related T2 Tax filings (Revenue Canada) . Someone located in East Edmonton or Sherwood Park. Do you have any Ideas?

Answer: Try the below link. It should list 4 CGA firms in public practice in Sherwood Park. If it doesn’t work, try the second link and put Sherwood Park in the City and search there.

Any of the listed professionals there will be able to help you, however they won’t likely be the cheapest that you can find. They will charge reasonable professional rates for your area. Just remember that you get what you pay for, and that the cheaper option now can quickly become an expensive option when CRA comes knocking or when tax planning opportunities are missed by someone less well trained.

Best of luck in your search!

Tax shelter scheme draws warnings

A CBC News investigation has revealed questionable practices by a Canadian company that promises bigger tax refunds in exchange for charitable contributions to an HIV-AIDS concern in Africa.

Accounting & Tax Associates Inc – Edmonton

Guggenheim Creates Executive Cabinet and Appoints Ari Wiseman as Deputy Director

The Solomon R. Guggenheim Foundation and Museum today announced the creation of an Executive Cabinet. In this image: “Installation view of The Art of the Motorcycle”, 1998. Photo: David M. Heald. ©SRGF, New York.

Lady Liberty Steps Into Spring

2009: The Year in Review

The coming of the New Year offers another chance to reflect on the past events. This is the first part of the annual “Year in Review” feature that will examine the highlights from the first six months of 2009. Part two, in next week’s edition, will summarize the remainder of the year.

Economic Holohoax 2009: Hitler, Bush, Obama, History is beng repeated.

Question: Under Indian Income Tax Law, what does Assessment Year refer to? ?

I’m a gurl… so if i earn 3 lakh between March 08 & April 09, which i presume is the Financial Year, then my Assessment Year should be 2009-2010 right? What is the exemption i get? I read somewhere it is 1.8 lakhs but my agent says its 1.45… I’m a wrong here?

Also how much would my approximate tax payable be?

Answer: financial year means in which you have earn the income. in income tax financial year starts from 1st April to 31st March. means if you earn the income during 1st April 2008 to 31st march 2009 that will be your financial year and 2009-2010 will be Assessment year.

desi hisab

jisme kamate ho wo financial year jisme hisab dete ho wo assessment year

Mr. Tulsi Gupta
91-9868119697
For Samarpan Consultancy Services

Thursday: Pat McVay, Two Glaciers Gone, Bears Tooth Ascent

Good morning; on the Beacon today, legendary hunter instructor and mountain man Pat McVay, at 90, looks back on a life fully lived. After weathering the music industry’s battles for a decade, Kalispell-born musician Mike Ulvila and his band, Savannah Jack, signed on a with a record label last September and are set to release their first single in May. Glacier National Park has lost two more of …

tax guru 15-02-2009

Question: Kindly provide expenses/month for a family of 2(me+wife)-salary is 10,000C$/month for living in Edmonton?

i hav a job offer in edmonton,canada. i need the following info 1)salary is 10,000C$.is it ok? 2)what is rent for 2 bedroom apartment with basic amenities(ac,refrig,cooking facilities etc). 3)how much does one family(me+wife only) spend on utilities(electricity+water+cooking gas) per month? 4)how much would be the per month expense on food be?(we are average eaters at home and 2 times/month in a restaurant) 5)how much expenses on travelling/commuting to office?6) how expensive is it to have mobile phones / internet broadband connection? 7)what is the rate of taxation(income tax)? 8)how much can we expect to save per month? 9)my wife is Bio-medical engineer-with 3 years experience-can she get a job in edmonton hospitals? I would appreciate a detailed reply from someone out there-we are from India-me and my wife-both are Engineers. Thank you

Answer: Edmontonion here!!!! The following info is all estimates based on what my family pays out each month:

If you are making that amount a month, you shouldn’t have many worries. The only thing with Edmonton right now is the housing. There isn’t much of it to go around, and landlords are jacking up the price of rent to ridiculous amounts. For a 2 bedroom apartment you could be looking at around $1000 roughly….depending on what part of Edmonton you live in. Some places a bit less, some a bit more.

For groceries with just you and your wife, that would all depend on how much you eat! For us, we are a family of 5 so we go through a lot. For you I would guess maybe $400 a month? Like I said, all depends on how much you eat.

For commute, there is a LRT here(light rapid transit…a train) you can take the bus as well, and a montly pass is $59 right now, and you can claim it on your tax return.

I have a mobile phone and for basic service I pay $29 a month. That all depends on who you are with and what features you want.

Other montly payments include:

Natural Gas: for heat and hot water: winter probably around $150-$180 depending on how much heat you like. Could be more or less. Much less in summer with not using the heat..probably cut by more than half

Electricity and water/sewage: aprx $68 a month

Internet/digital phone/cable: (I have mine all with the same company) $134 a month – a little bit more if you want regular high speed, I have high speed lite. And, the price will vary depending on what company you go with. This is what I pay with my company.

Taxes on goods and servies here are 6%. There is no tax on food.

What you might be able to save in a month is all up too you! It all comes down to how much you spend on extras.

There are a lot of jobs to be found here, but I am not sure on our countries policies on degrees from other countries….

I wish you best of luck!

Ethical man

Have international agreements ever come to anything?

Google Internet Summit 2009: Information is Power Part 2