The Tax Preparation Blog

Posts Tagged ‘invoice’

Question: Can I apply money spent on training/education in the U.S. to my Canadian income tax?

Thanks. I will be doing some training and spending several thousand dollars on it in the U.S., so want to know if this will work the same way as tuition paid in Canada regarding taxes.

Answer: If u are self employed, as a rule, expenses of attending a training course outside the taxpayer’s general geographic locale are considered unreasonable to the extent that they exceed what they would have been had a similar course been attended locally, if available. The CRA may question the deductibility of expenses incurred in connection with attending a course held in a distant location or in a recognized holiday area.

In addition, a taxpayer attending a training course will not be allowed to claim expenses for those days when no training is taken.

For futher reference, see IT 357 “Expenses of training”.

Year In Review 2009 – January to May

January 2009 Blizzard didn’t dampen spirits of polar bear dippers – Dorchester may have been under a blizzard warning on Jan.

Major Franchise Opportunity – Liberty Tax Service Franchise – MajorFranchises.com

The concept of legal aid is one of the best ideas in the legal sphere for people with low or no income. While the law of Canada grants equal rights to every citizen the financial situation can sometimes limit the possibilities of the people who are in need of legal help. That’s why Canada has a developed system of Legal Aid offices, which provide some level of legal aid to people who are unable to afford legal representation due to financial difficulties.

British Columbia has established a Legal Air program in 1979. This system in the province is administered by Legal Services Society and regulated by the Legal Services Society Act (Chapter 30 of the 2002 Statutes of British Columbia). Legal Services Society is an independent, non-profit organization acting under the laws of British Columbia. It is funded mostly by provincial government, but also receives funds from federal government and various law organizations. As in the other provinces before a person receives legal aid, he or she must pass qualification. The Legal Services Society Act states that legal aid is available to individuals with low income or no income in following situations. When the individual is a defendant in criminal proceedings and the verdict can lead to the individual’s imprisonment. When the individual can be imprisoned or confined through civil proceedings. If the individual’s physical or mental safety or health or that of the individual’s children is or may be affected by domestic dispute, where the individual represents one of the sides. Also legal aid can be provided if the individual has a legal problem that threatens his or her family’s physical or mental safety or health, ability to feed, clothe and provide shelter for himself or herself and the individual’s dependents, or livelihood. So as you see legal aid is provided generally in most serious cases, when the individual faces such serious thing as imprisonment for example. Due to the changes in the economical situation the defining the low income also varies from time to time.

Despite of the great idea of the Legal Aid system, in Canada it has a number of problems that eventually ended up as a crisis of this system. The main problem of legal aid is underfunding. The salaries of professional attorneys are usually high, so there is actually a very small percentage of attorneys willing to work for small government set salaries. Mostly people who spent serious amounts of money on education are not willing to start their career as a public lawyer. Another problem of this system is uneven coverage, it actually varies from province to province. Legal aid is available only for certain types of problems and procedures so at some points it proves to be inefficient. The three main problems – underfunding, coverage and effectiveness lead to the fourth problem – disappointment of the people. The whole system turns out to be not very helpful in some of the cases, so basically people loose faith in legal aid.

Province: less taxes for low-income

Individual British Columbians earning up to $118,000 will pay the lowest provincial personal income taxes in Canada as a result of new personal income tax measures that come into effect on Jan. 1, Finance Minister Colin Hansen announced Tuesday.

Hijacking Humanity Final Cut – Part 14

Amongst people who decide to leave their home country and settle to some some another country, most of them prefer Canada. Canada is amongst one of the few countries which is known for incredible resources, vast geography, diverse peoples, abundant opportunities, accessible health and social services. Canada has been ranked number one by the United Nations Human Development Index for more than six times as the best country in the world in which to live.

Well, there are many reasons for people planning for immigration to Canada.

First, Canada is a safe country and people living here feel secure. No matter, in which part of Canada you want to settle down, you will always feel like home. Even in major cities of Canada such as – Toronto, Vancouver, Calgary, Ottawa etc people can roam around without feeling neglected.

Second, Canada is a well developed country and rich in economy. By immigrating to Canada, one can enjoy stable income. Most of the jobs in Canada are well paid so that people can cover all their expenses required for living a happy life.

Thirdly, in Canada you will never feel alone even during worst times. All the residents of Canada are protected by Canadian social assistance system. In case, you have lost your job, you don’t have to struggle much as there are many government-funded courses and programs that provide you with all the support to find another job very fast. In many ways Canada offers protection for its residents and the best part is that it is covered by the government.

Next, Canada is an open and democratic society where immigrants too play an important and equal role in the country’s prosperity and community life. This is why businesspersons and skilled workers from every part of the world are welcomed here. Here emphasis is firmly focused on immigrants with economic and professional skills.

Canadians enjoy living in a quite and peace loving environment. For them new people coming into their country is not an offense and no one is discriminated on the basis of language, faith and origin. Plus, this multicultural country is ready to welcome new entrepreneurs and even offer help to those who wish to start his/her own business in any part of Canada.

In short Canada is a very peaceful country with the right set up for those want to see positive changes in their lives. For easy immigration to Canada, you can take help of an immigration consultant or lawyer and put your application for immigration. As compared to immigration to other countries, immigration to other countries is easy. Canadian authorities follow a point based system where each and every applicant is reviewed by the authorities on the basis of his age, education qualifications, work experience, languages known along with other defined parameters.

Canada has always welcomed immigrants from around the world and in case you are also planning to apply for immigration to Canada, take help of an immigration consultant and settle down there soon. For easy visa processing, there are many immigration consultant who can help you to select the best possible strategy.

1967 + 50 = 2017

Iremember getting into my car in Montréal on New Year’s morning, 1968. Turning on the radio expecting to hear how many more feet of snow we might expect – in that city it falls in feet, not in inches – I heard a CJAD announcer say, “Welcome to Centennial plus one”. 1967 + 1 = 1968.

2/12 ZEITGEIST THE MOVIE. WHAT’S YOUR OPINION?