It is April already, which means that Canadian income tax forms are due and many will be putting this unpleasant chore off until the last possible moment. It's also tempting to question why you have to report your income and pay your fair share, so that the government can waste it. But the definition of "waste"is open to a lot of debate, especially when much of this money is getting spent on things like health care, education and the arts.

Franklin D. Roosevelt said that taxes are the "dues that we pay for the privileges of membership in an organized society." Yet, another view of taxes is that they are a violation of an individual's liberty. Which view is correct, it's hard to say, but one thing is certain, everyone hates filling out income tax return forms. This may be because the forms are complicated, the boxes are too small, the instructions are too vague, and the time involved can be significant.

If you are an emerging businessperson and you have a great plan in mind, there are certain small business legal requirements that need to be kept in mind before taking the big step:
1. Taxes: One of the basic small business legal requirements is taxes. It is necessary to follow the rules related to taxation.
2. Insurance: This is one of the most important small business legal requirements. At least stocks should be insured.
3. Recruitment: Selecting the right kind of people will definitely be beneficial to you and your business alike. That is why it is necessary to mention it under small business legal requirements.
4. Health: You need to take the responsibility of your employees' health and welfare. That's what the Health and Safety at Work Act 1974 says.

In legal news, Canada entrepreneurs are being warned about the risks of social media exposure after several high profile cases which resulted in defamation lawsuits due to comments posted on business social media sites. Social media continues to grow in popularity as a marketing tool for small business in the country, due to their low cost and high exposure profile.

However, the costs can be very high if you or your employees make defamatory statements, or even say anything that isn't brand friendly. For instance, a recent high profile slip up occurred when Chrysler's official Twitter account broadcast the following message "I find it ironic that Detroit is known as the motor city, and yet no one here knows how to f-king drive." The profane message embarrassed the brand, and originated with a staffer at the agency that Chrysler had hired to handle its social media messaging.