Doing Our Own Work

I recently re-read the following poem by Kahil Gibran in which he speaks clearly of our work as parents to be the strong foundation from which our children go forth to build their own lives.
And a woman who held a babe against her bosom said, “Speak to us of Children.”
And he said:
Your children are not […]

Tax Tips

MARRIAGE BREAKDOWN
LIVING SEPARATE AND APART
In the case of a marriage separation, you do not have to live in separate accommodations in order to apply for the GST credit. You just need to not be living as a couple. And you do need a written separation agreement.
EQUIVALENT-TO-SPOUSE CREDIT
You cannot claim for the equivalent to spouse credit […]

The ITA Income Tax Act

Frequently we are asked about what happens to tax owed when someone goes bankrupt. The following is copied in its entirety from the income tax act.
Dan White
Where individual bankrupt
(2) Where an individual has become a bankrupt, the following rules are applicable:
(a) the trustee in bankruptcy shall be deemed to be the agent of the bankrupt […]

Exciting New Column

ilovenelson.com is introducing an exciting new bi-weekly column featuring local hiking, biking, skiing and horseback riding trails. It is our intention to create a comprehensive resource base of local trails that will be archived on the site for everyone to use. Join ilovenelson in creating this archive by sending us your detailed description of your […]

CRA Chases Offshore Wealth

CRA’s focus on international taxation issues

The following article from KPMG, outlining how CRA is targeting international business. For those of you who believe you will pay fewer taxes here in Canada by structuring offshore, those days are over.
There are lots of reasons to be offshore. Saving taxes is not one of them. And […]

Pre- and Perinatal Psychology

Pre- and Perinatal Psychology: How Babies Are Trying To Teach Us About Our Earliest Needs.
We used to believe that babies came into the world unable to think, feel, remember, or communicate.  They were seen as a blank slate, unable to process or store information until they learned to speak.  In fact Freud had been the […]

Top Ten Reasons to Buy Local

1. Locally grown food tastes better – Food grown in your own community was probably picked within the past day or two. It’s crisp, sweet and loaded with flavour. Several studies have shown that the average distance food travels from farm to plate is 1,500 miles. In a week-long (or more) delay from harvest to […]

Victoria Project Sets Example

Buildings are our best hope in the battle to combat climate change.
A 2007 study by McKinsey, an international consulting firm, showed that changes in building design and construction could offset up to 6 billion tons of carbon emissions annually “through measures with a zero or negative net life-cycle cost.”
This constitutes about one-fourth of the abatement […]