Opinion

“CRA emails will never have an attachment. CRA will never ask you to reply to an email.”

Tax season or scam season?

Ron Clarke, owner of JBS Business Services in Trail, provides accounting and tax services.

  • Apr 7, 2022

 

” Track down the “T” slips regardless of value, and ensure they get entered on your tax return. And if you can’t get the official “T” slip, estimate the value and enter it, at least then you can say you tried.”

Little known tax penalty is no joke

by Ron Clarke Did you know that if a taxpayer fails to…

  • Apr 5, 2022

 

Photo: Hannah Busing/Unsplash

‘What does Trail CAT do, anyway?’

“Stigma is a major barrier to people seeking out help when they need it.”

  • Apr 3, 2022

 

Alternative minimum tax (AMT) is a separate method of tax calculation made by Canada Revenue Agency (CRA) that runs in parallel with a taxpayer’s regular income tax calculation.

Looking at the alternative minimum tax calculation

An AMT amount paid can be carried forward and credited up to seven years …

  • Mar 24, 2022
Alternative minimum tax (AMT) is a separate method of tax calculation made by Canada Revenue Agency (CRA) that runs in parallel with a taxpayer’s regular income tax calculation.
“You may even be confident that you know the definition of “non-arm’s length.” However, what you may not appreciate is this, depending on who is defining that term, the inclusion or exclusion of certain people as “non-arms length” person may vary.”

Rules of the taxman when transferring assets to a relative

“As usual with CRA rules, there are exceptions.”

  • Mar 17, 2022
“You may even be confident that you know the definition of “non-arm’s length.” However, what you may not appreciate is this, depending on who is defining that term, the inclusion or exclusion of certain people as “non-arms length” person may vary.”
Tax Tips & Pits: “If you have ever completed a medical claim on your personal tax return you likely know that it’s not a straightforward process.”

Attendant care, nursing home, and the disability tax credit

This type of claim involves many rules, and many variations on those rules.

  • Mar 10, 2022
Tax Tips & Pits: “If you have ever completed a medical claim on your personal tax return you likely know that it’s not a straightforward process.”
“Who the heck is Spicoli?” I ask. “He’s off a movie,” he says and mumbles something about Ridgemont High and fast times. Photo: File

Top Shelf Stories: “Who’s Spicoli?”

Many friends and readers may have heard a version of this one.

  • Feb 21, 2022
“Who the heck is Spicoli?” I ask. “He’s off a movie,” he says and mumbles something about Ridgemont High and fast times. Photo: File
Ron Clarke is owner of JBS Business Services in Trail, providing accounting and tax services.

Are you a B.C. contractor? Brushing up on contractor income reporting

Tax Tips & Pits with Ron Clarke, Trail business owner

  • Jan 27, 2022
Ron Clarke is owner of JBS Business Services in Trail, providing accounting and tax services.
Respect Connect: A Better Community for Us All is an online educational series available to everyone in the community. There is no charge. Image: Submitted

Trail CAT encourages locals to take part in anti-stigma learning opportunity

Series addresses stigma surrounding issues such as homelessness, mental illness and substance use

  • Dec 27, 2021
Respect Connect: A Better Community for Us All is an online educational series available to everyone in the community. There is no charge. Image: Submitted
The family used to play charades every holiday. Until a fight over someone cheating ruined it. Photo: Unsplash

Top Shelf Stories: The Christmas Chronicles

It’s Christmas Eve in 2007, we have some family and friends over for dinner at our place …

  • Dec 27, 2021
The family used to play charades every holiday. Until a fight over someone cheating ruined it. Photo: Unsplash
Kootenay Lake is one of the bodies of water re-surveyed by Living Lakes Canada this summer, in a study of ecological and urban development changes to Basin shorelines. Photo: Kelsey Yates

Empowering B.C. communities to protect their local watersheds

The time is now to create a Watershed Security Fund.

  • Dec 21, 2021
Kootenay Lake is one of the bodies of water re-surveyed by Living Lakes Canada this summer, in a study of ecological and urban development changes to Basin shorelines. Photo: Kelsey Yates
Debris from receding flood waters is pictured along a road as heavy rains form an atmospheric river in Abbotsford, Nov. 30. Photo: Canadian Press

B.C. needs a province-wide public bus network — especially now

There should be frequent and affordable buses on routes connecting destinations in the Interior

  • Dec 13, 2021
Debris from receding flood waters is pictured along a road as heavy rains form an atmospheric river in Abbotsford, Nov. 30. Photo: Canadian Press
Emails letters to editor@trailtimes.ca.

Providing a continuum of care for British Columbians’ mental health

99.5 per cent of calls to B.C. crisis lines are safely de-escalated by volunteers

Emails letters to editor@trailtimes.ca.
This week's editorial.

Remembering a time most forgettable

The war seemed to provide irrefutable proof that God did not exist

  • Nov 6, 2021
This week's editorial.
Photo: Shayna Douglas/Unsplash

Top Shelf Stories: Forget the darn Gatorade

By Connor Jones *************** On a cold Sunday morning in November, Grandpa…

  • Sep 9, 2021
Photo: Shayna Douglas/Unsplash
Healthcare workers watch as roughly 1,000 people gathered and protested COVID-19 health measures outside of the Kelowna hospital on Sept. 1. Photo: Aaron Hemens

COVID isn’t going away any time soon, so we need to find peace

“There are reports of doctors and nurses being spat on and receiving derogatory insults.”

  • Sep 9, 2021
Healthcare workers watch as roughly 1,000 people gathered and protested COVID-19 health measures outside of the Kelowna hospital on Sept. 1. Photo: Aaron Hemens
From The Hill by Richard Cannings.

We know what we need to do for climate action, so let’s just do it

“For too long, Canada has dragged its feet on the urgent need to battle climate change … “

  • Aug 10, 2021
From The Hill by Richard Cannings.
Ron Clarke is a Trail Times columnist.

Why should I file my income taxes on time?

No extension for taxes this year, could cost you

Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Employment expenses as a tax deduction

Can you claim these as an expense against your T4 income?

  • Mar 25, 2021
Ron Clarke is a Trail Times columnist.
Ron Clarke is a Trail Times columnist.

Did you say Tax Season, or Scam Season?

Tax season is a good time to talk about electronic security.

Ron Clarke is a Trail Times columnist.