As 2021 begins – and we enter into likely one of the busiest tax seasons we have encountered – with various new government income streams to declare and many new income tax deductions that are still being rolled out… Our…
2020 has been a difficult year for many Canadians with COVID-19 affecting most of us in one-way shape or form. With the year winding down, it is time to start thinking about the next tax filing season. As new information…
After providing millions of Canadians with financial relief since the beginning of this pandemic, the Canadian Emergency Response Benefit (CERB) payments have come to an end. As a second wave of the pandemic is upon us, Canadians still collecting CERB…
So many questions circling around… “Do I apply for EI?” “Do I need my employer to issue me a ROE” “When will funds be available to me” “Covid19 is directly related to my work shortage, do I qualify?” “How do…
The last month to make RRSP contributions to be claimed for 2019 tax filing is upon us. Time to check those couch cushions, and winter coat pockets and scrounge up some savings, to make that all-important contribution! What are RRSP’S?…
The CRA is requesting more information about your income tax return after you’ve already cleaned out and packed up your tax folders. Breathe. A tax review is different from a tax audit. A review is a simpler look at the…
Every year it is estimated that 3 Million Canadians do not file their taxes on time. As Income Tax Preparers, this is a staggering number. The Canada Revenue Agency (CRA) encourages filing on or before the deadline of April…
Whether you’re volunteering at your church, participating in a local walkathon, or donating to a charitable organization, we Canadians live in a society full of generosity. Along with the colossal feeling of knowing you’ve made a difference; your donation can…
Congratulations, Being an entrepreneur is so rewarding! You’ve taken your dreams and plans and created a reality and are NOW a small business owner! You are excited and ready to get started on the right foot! Learning to balance your…