NEWS & EVENTS
Accounting is a fast paced field of changing requirements and increasingly complex tax strategies.
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Moving Expenses: Planes, trains, automobiles and… canoes?
Recently a teacher located in Ottawa won his case with the Canada Revenue Agency (CRA) to be able to deduct his moving expenses from Whitby…
Read More2019 Year-End Tax Planning
It is almost the end of the year and the thought of completing your tax return starts to pop up for everyone, whether it be…
Read MoreOld Age Security
For anyone turning 65 in the upcoming year, the information below may help you in enrolling in the Canadian Old Age Security (OAS) pension. Also,…
Read MoreRental Properties and Your Home– Unexpected Taxes
At one point or another, most people have thought about renting out the extra rooms in their home to earn some additional cash. CRA has…
Read MoreTax Free Savings Account
A Tax-Free Savings Account (TFSA) is a registered investment plan that has beneficial tax treatment. A TFSA differs from an RRSP in that the contributions…
Read MoreCRA isn’t going to send you to jail over the phone
Not long ago we talked to a client who received a phone call from someone claiming to be the Canada Revenue Agency (CRA). If our…
Read MoreApprenticeship Tax Credits
The federal and Ontario governments are currently offering employers of apprentices tax credits with respect to the apprentices’ wages. The federal tax credit is…
Read MoreMILEAGE FOR MEDICAL EXPENSES
Did you know that you can claim travel expenses if you have to receive treatment that is not available to you within 40 kilometres of…
Read MoreDEDUCTING HOME OFFICE EXPENSES
Are you aware that you can, in limited circumstances, deduct home office expenses? March 21, 2012 The Income Tax Act is quite specific in determining…
Read MoreCHILDREN’S ARTS AMOUNT TAX CREDIT
Are you aware that Children’s Arts Tax Credit is available for non-artistic activities? April 11, 2012 New to 2011 is the Children’s Arts Tax Credit…
Read MoreAPPRENTICESHIP TAX CREDIT
Do you currently have, or are looking to hire an apprentice? Do you know there are tax credits available if you do? April 18, 2012…
Read MoreINVESTMENT EXPENSES
Are you aware that you can deduct expenses incurred to earn investment income? April 25, 2012 Most taxpayers are skeptical about deducting expenses. The Canada…
Read MoreMOVING EXPENSES
Have you moved to start a new job or carry on your self-employed business? You may be able to claim moving expenses on your tax…
Read MoreMEDICAL BENEFITS
Have you been benefiting by redirecting a portion of your bonus to a health care spending account? July 9, 2012 Employer payments to a private…
Read MoreSR&ED: EXPENDITURE LIMITS
The eligible expenditure limit can have a huge impact on your tax credits from Scientific Research and Experimental Development (“SR&ED”) programs. Is your tax planning…
Read More2012 YEAR-END TAX PLANNING
With the arrival of December we all become aware that the year-end is quickly approaching. December 17, 2012 Although most of us realize that paying…
Read MoreEMPLOYEE OR SELF-EMPLOYED?
Employee Status – How Can I Tell If I Am Self-Employed or an Employee? April 10, 2013 Of all the questions asked of our firm,…
Read MoreEXPENSES INCURRED AT THE GOLF COURSE
Can I Deduct Meal Expenses Before or After a Round of Golf? April 17, 2013 Perception is reality, especially Canada Revenue Agency’s perception of legitimate…
Read MoreCANADA PENSION PLAN
March 4, 2016 While it is always a good idea to have some retirement savings set aside, the Canadian government has programs available that can…
Read MoreOLD AGE SECURITY
March 4, 2016 There are two main federal government retirement programs offered by the Canadian government: the Canada Pension Plan, and Old Age Security. In…
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