Audits are a much-maligned, oft-feared, absolutely necessary part of our tax system. They have been vilified to the point that hearing the word “audit” elicits shivers down the spine, audible gasps, and resigned head-shaking. That level of vilification can make it hard to appreciate what exactly an audit is; why they exist, what the process looks like, and what … Read More
Climate Action Incentive in Manitoba
The Federal government has decided to take steps in order to combat climate change. The steps they are taking involve creating a pricing system for carbon-emitters, known as the output-based pricing system, and a charge on fossil fuels. The charge on fossil fuels is something the government worried would fall onto the backs of consumers, so for provinces without a … Read More
Content Creators and Taxes
The Internet has opened up a whole slew of new avenues for making revenue, from Uber driver to freelance writer to AirBnB host. One of the important changes this creates for those who make money in the gig economy is that it becomes essential to understand what constitutes a business, what doesn’t, and what eligible business expenses can be written … Read More
Should An Accountant Help File Your Personal Income Tax?
Do-it-yourself has, for years, been somewhat of a punk aesthetic; bands like Fugazi arranging for tours and merch without middleman labels telling them what to do. With the advent of the Internet, DIY has become much more common; we see DIY home repairs, DIY science experiments, DIY clothing; if you can think of it, you can find a way … Read More