Do you need to find me? Emailing me usually works best .. hart@[any of my domains] .. Toll-Free Fax Line 1-800-613-2087 would be your next best bet .. or you can find me on one of the following social sites and NUDGE,NUDGE me with a private comment or something .. I dunno, wut-eh-vrrrr ~~
SO: add me to your friend list, your contact list, your enemy list, spammer list, (wait - no, scratch that - please do NOT add me to any SPAMMER lists, thank-You) or even as your beneficiary to your estate!
Psssst! Deloitte & Touche, LLP .. has updated their “Quick Tax Facts 2007” publication. It’s worth printing it out these 2 pages and keeping a copy on your pegboard for quick perusal …
I keep a printout of something like this on my pegboard for quick estimates while I am on the phone with clients. For instance, if an individual in Manitoba makes $100,000 per year, the combined taxes would be about $32,270. If two individuals each make $50,000 per year, the combined taxes would be about $12,204 each (or $24,408 total). Just knowing this “on the fly” is helpful at times. In Canada, our marginal tax rates are ‘graduating’ in a sense, that once you reach a certain level of tax, the excess is taxed at a higher rate until the next level. In Manitoba, if you earn $100,000 income, you are effectively taxed at 32.27% .. but, if you earn $1,000,000 you are effectively taxed at 44.92%. It’s different in all areas of Canada, because in addition to the federal rates, each provincial or territory have their own tax rates.
I have been posting around the week of the 10th of each month (yah, I know it’s late!) a “THANK-YOU” post, like this one, to all the advertisers from the previous month listed as at month end. That’s a permanent link in this blog, under the category heading which I call .. ‘Sponsor Appreciation’. I know it’s hard out there trying to figure out where to spend your advertising dollars .. and well .. THANKS for considering 1-8-0-0-H-A-R-T.
There was a craft sale today and naturally we had to go. I made a beeline for the gourmet food mix and meat spices, and my wife makes a beeline for the jewelry. Afterwards, we meet at the artists corner to browse the original artworks, prints and pictures that closely resemble a view from our lakefront cottage.
Well .. today there was a picture painted on our neighbor’s deck and the view could have been from our front deck .. we had to have it. But, I didn’t have enough cash on me.
I was looking at my Year-To-Date (YTD) fees and invoices this year until the end of June 2007. Here is the breakdown of my billings to June 30th - by type:
16.57% - Monthly Bookkeeping and related services (EPD, PST, GST, etc)
63.57% - Year-Ends, Notice to Readers, Consultations, Systems and Training
>>> subtotal - 80.14%
19.86% - Personal Income Tax Preparation
>>> total - 100.00%
(before my online earnings)
The following is now available on the CRA Web site
Fact Sheet - July 2007
Committed to client-service excellence and a leader in electronic service delivery, the Canada Revenue Agency (CRA) is pleased to offer a new electronic service that will allow Canadians to apply for benefits and credits online. The new service, called Apply for child benefits is available through My Account on the CRA Web site, starting July 11, 2007.
Apply for child benefits is the first benefit and credit related self-serve online transaction option offered through My Account. It provides the convenience and flexibility to apply for the Canada Child Tax Credit (CCTB) and related provincial and territorial benefits, register your children for the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit and related provincial programs, and enrol for the Universal Child Care Benefit (UCCB), directly online on a secure Web site at www.cra.gc.ca/myaccount.
As I mentioned last year on my birthday .. I’ve been counting backwards every year since I turned 33 years of age .. and now I can proudly say that I am .. 22 years old today!
WooHoo! Pretty soon I’ll be a teenager once again!
In case you were one of those taxpayers that filed your 2006 Personal Income Tax Return in the last week of April 2007 … it’s possible that you haven’t received your official Notice of Assessment for 2006 from Canada Revenue Agency yet.
Don’t worry! Canada Revenue Agency has been averaging 8-10 weeks normal assessment time of these tax returns, for those who filed in the last few days of April 2007. From what I can gather, from enquiry over the phone with representatives at the 1-800-959-8281 hotline .. the majority load of these affected returns are in the final stages of assessment at this very moment, or have already been designated as assessed. If so, they will probably be dated Thursday July 12, 2007 and mailed Wednesday Night.
The following is now available on the CRA Web site:
News Release
Ottawa, Ontario, July 6, 2007…The Canada Revenue Agency (CRA) will no longer accept in-person cash payments at CRA payment counters across Canada, starting August 13, 2007. Canadians can continue to make payments at CRA payment counters by cheque, money order or debit card. Payments in cash can be made free of charge at financial institutions across Canada.
In response to the decreasing volumes of cash payments, the CRA commenced piloting a no currency policy in Tax Services Offices in Kelowna (BC), Penticton (BC), Toronto Centre (ON), Brandon (MB), and Trois-Rivières (QC). For the duration of the pilot, over 57,000 payments were received at the offices with only four instances of taxpayers making payments in cash. Given the positive results of the pilot project, the CRA will implement the no currency policy in all of its payment counters.
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SUV probably bigger gas guzzler than my beater Lumina - but just before...
