Don DeWolfe, Certified General Accountant ( CGA ), Toronto, Canada
Don DeWolfe, Certified General Accountant ( CGA ), Toronto, Canada www.dondewolfe.ca

Tax & Business Tips


Don's top ten countdown...

10 Keep all your receipts.
9 On restaurant and entertainment receipts, include the tip.
8 Own or lease your car personally—not through your corporation.
7 Don't have the same bank account for business and personal use.
6 Get a credit card and use it exclusively for business purposes.
5 Everybody's situation is unique—don't assume your friend's solutions will work for you.
4 Beware of any scheme that promises to save you taxes.
3 Never ignore or avoid the taxman—let your accountant deal with them immediately.
2 Avoid penalties and interest by filing your taxes on time.
1 Hire a professional—and listen to their advice.