2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
Would You Please Explain Net Income
2008-12-02
"Net Income" refers to the income that you receive after deduction of: income taxes, CPP premiums, EI premiums, mandatory pension contributions, union dues, and other similar "non-discretionary" deductions. If you're self-employed, you deduct your business expenses as well in order to determine what your net income is. When the trustee calculates your required payment in a bankruptcy, he or she must also deduct: any required child or spousal support payments you make,child care expenses,certain medical expenses,payments you're making on certain court-imposed fines or penalties,expenses that you must pay as a condition of your employment (e.g., if you have to provide a vehicle for work,your vehicle operating expenses can be deducted). You must provide proof of payment for these expenses in order to qualify for the deduction. Judy Scott - Meyers Norris Penny Limited Vancouver - Port Moody - Abbotsford 604-949-2100 - 866-568-1335 [email protected]
Latest Blog Posts
2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
How to budget when you’re living paycheque to paycheque
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
