Washington, DC CNN — 

This Story is from the USA but it also applies to Canada

Americans are living through the toughest housing market in a generation and, for some young people, the quintessential dream of owning a home is slipping away.

A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home tax-free (up to certain limits).

Let’s be Clear - You might have used Casual Labour before, but don’t try it now!

Casual labour in Canada was and is generally defined as the performance of a service to or for a Company on a temporary or part-time basis.

Simplified Northern Residents Travel Deduction – The CRA is launching the Simplified Northern Residents Travel Deduction, a pilot project to make it easier for northern residents to determine the lowest return airfare, one of the three amounts required to claim the travel deduction come tax time.

As the saying goes, death and taxes are both inevitable, but a good accountant can save you lots of trouble (and money) in this world anyway.

The reason truck drivers need accountants is because they are truck drivers. 

This new law will affect most small business owners

Some business owners sprinkle income to family members by way of salary or wages, or dividends, to reduce the family's overall tax burden. There are already rules in place to prevent unreasonable salary or wages from being paid to family members who are not truly earning the compensation they receive. There are even "kiddie tax" rules to prevent dividends paid to minor children from being taxed at their lower rates.