Watts Advisors Accounting & Tax Blog

RRSP’s – An Overview 0

February 15, 2012

With two weeks left until the 2011 RRSP contribution deadline on February 29, 2012 it seemed like a good time to blog about some common client questions I receive on the subject,  “Why should I contribute to an RRSP?”, “What are the benefits of contributing to my RRSP?” or, “Should ...

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Employee vs. Contractor 0

February 10, 2012

Employment Income vs. Business Income One question that I often get from clients is related to whether individuals are considered employed or self-employed.  This determination has a significant impact on taxable income, the ability to deduct certain expenses, and the requirement to make payroll remittances such as CPP and EI. Regardless ...

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Important Dates For 2012 0

February 7, 2012

As we head into to the upcoming “Tax Season” it is important to remember several key dates in 2012 for both individuals and corporations.   These dates are important, because if these deadlines are missed you may be subject to costly fines and penalties. Important Dates: January 15 – Remittance date for fourth ...

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