Taxes Archive

  • Got a brand new shiny job? Watch out for these pitfalls.

    Posted on June 20, 2014 | No Comments
    Tweet Congratulations! You have a shiny new job and you’re going from making $10/hour (minimum wage in Ontario) to $40,000 a year! WOW! $40,000!!!!!! That is DOUBLE what you were making before. ($10/hour x 2000 hours a year = $20,000) But wait. Does this mean […]

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  • Explaining the U.S. Tax System with Beer

    Posted on December 16, 2011 | 17 Comments
    Tweet So simple and smart! It’s an email sent to me by my uncle. ———————————– Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, […]

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  • It sure doesn’t pay to be ethical sometimes, but I sleep better at night

    Posted on August 6, 2010 | 5 Comments
    Tweet Via a tax re-assessment, I was supposed to get back a chunk of money from my taxes, around $1000. “Woo hoo!”, I thought. But reading the explanation sort of made my scratch my head, because it didn’t make sense. I had a feeling they […]

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  • I’m off to see the Taxman…

    Posted on November 5, 2009 | 17 Comments
    Tweet Just got a notice in the mail from Quebec saying I didn’t pay the $5600+ I owed them in business taxes? WHAT!?!?! I saw that money debited from my account. I want to clear that up, and there’s a small discrepancy of around $12. […]

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  • I just saved myself $4000

    Posted on September 3, 2009 | No Comments
    Tweet …by doing my own taxes for my company and keeping my own books throughout the year. I guess there are SOME benefits to being beached with too much time on your hands. I think it’s time for a little celebration with a dinner out […]

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