519-646-2222Category: Something to Think About
You should plan for your bankruptcy
That’s right, you should plan for a bankruptcy in the same manner as you would plan for a critical illness or any other unfortunate occurrence that may come your way. You are probably worried that in the event you became critically ill you could lose everything you own. By the same token you ought to […]
Read moreSurplus Income
In a bankruptcy proceeding surplus income is to be calculated by your trustee who is required to consider the guidelines provided by Directive from the Office of Superintendent of Bankruptcy. The guidelines are based on the LICO (or Low Income Cut Off). You might think of the LICO as being a poverty line. The LICO […]
Read moreTaxes – The Scourge of Small Business
We have solutions for your tax dilemma. Small business owners face tremendous challenges in dealing with taxes and taxation. The challenges are multifarious beginning with excessive taxation, as well as rules and regulations around the calculation, reporting and payment of taxes. Nothing is simple about Canadian tax laws. Small business owners are often talented craftsmen […]
Read moreTAX SEASON
Tax season comes but once a year for accountants, but for LITs, any season can be tax seaons.
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