Do I Have to Pay a Penalty If I File My Taxes Late?
If you have not yet paid your taxes for this year, or a previous year, it’s getting to the point where it is likely going to be costing you a lot of extra money. Now, if you don’t owe the CRA anything, you have a bit of a grace period to file your taxes without […]
What Can I Deduct From my Rental Income?
In Canada, in every province there are many things that be deducted from your rental income for tax purposes. Here is a brief list of things you can deduct followed by a few things you can’t deduct. What You Can Deduct 1. Interest on your mortgage If your rental property has a mortgage, you can’t […]
Tracking Your Expenses for a Business Trip: Which Receipts Should You Save?
Tracking Your Expenses for a Business Trip: Which Receipts Should You Save? Whether you are on business trips every week, or are about to embark on your first trip ever, one of the most common question is which receipts to save when tracking your business expenses. When doing business taxes, there are many write-offs […]
Tips for Organizing Business Expenses
One of the most important ideas to keeping your small business successfully organized is by laying a strong foundation right from the beginning. It is most beneficial to start a plan right from the beginning and stick with it – don’t leave receipts out to be organized at a later date. Fortunately, there are […]
Tips on tracking business expenses
Even though tax season is a distant memory, business owners all over the Lower Mainland should be saying the same thing: “I need to start tracking my business expenses better than last year.” If you’ve ever lost a business receipt, or spent far too much time trying to track down your credit card charges, here […]
Planning Ahead for Retirement
It’s never too early to start planning for retirement. Transitioning from working to retirement takes careful planning and preparation. Planning ahead for your future will enable you to take control and feel at ease knowing that you are working towards an end goal. At Naicker & Associates, we can help you with strategic and financial […]
