Medical Professionals and GST/QST Requirements

Medical Professionals and GST/QST Requirements Today, there are a large number of healthcare professionals that are not registered for GST/HST simply because there is not any legal requirement for them to do so. The reason is that under the Excise Tax Act, many healthcare professionals offer services that fall under the “exempt services” category. However…

Top 5 Reason Why People Don’t Budget

The backbone to every successful financial plan, whether it is personal or business accounting, is a monthly budget. This monthly budget is the blue print to your financial success and prepares you on where your money is going and what to do with it in advance. Without a system of budgeting or a method of…

Government Debt in Canada as of 2017

Government Debt in Canada as of 2017 Upon the release of the annual budgets by the federal and provincial, increasing debt and budget deficits are key issues. We have seen an increase in the combined federal and provincial net debt from $833 billion in 2007 to a projected $1.4 trillion in 2017. The combination of…

What is the Importance of a Family Trust? Find out More

What is a family trust? The Family Trust. Family Trusts are becoming increasingly popular among people who wish to manage their assets and protect their property, and are mainly used to pass assets from one family member to another or other people who stand to benefit from the assets. The settlor is the owner of…