Tax season, a period that often evokes stress and uncertainty, is an inevitable part of the financial calendar for individuals…
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Categories: Accountant , Payroll Services Montreal , Tax Planning Services
Common Tax Planning Mistakes to Avoid in Your Business
When it comes to ensuring the financial health of your business, few things are as crucial as tax planning. The…
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Categories: Accountant , Tax Planning Services
Government to reimburse self-employed workers who repaid CERB
Self-employed workers who voluntarily repaid pandemic-related benefits can now apply to be reimbursed. Read More Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/ Article Written…
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Categories: Accountant , Tax Planning Services
Installment payments for clients who owe taxes
Under the Income Tax Act, quarterly tax installments are required for this tax year if a taxpayer’s “net tax owing”…
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Categories: Accountant , Tax Planning Services
It’s never too late for a financial plan, pros say
For many Canadians, planning for their financial future can be difficult in normal times, much less during a pandemic. A…
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Categories: Accountant , Tax Planning Services
Do You Live and Work in Canada? Here’s How to Earn a $2,000 Tax Credit
In the most recent tax season, people who live and work in Canada took advantage of the various tax credits…
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Categories: Income Tax Returns , Personal Taxes , Tax Planning Services
Small Business Deduction
The small business deduction is a reduction in corporate taxes for Canadian controlled private corporations, or CCPCs. The reduced rate of…
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Categories: Personal Tax Planning , Personal Taxes , Tax Planning Services
Tax Tip - How to change your income tax return after you file it
If you think that the income tax and benefit return you filed for the 2020 tax year is missing important…
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Categories: Corporate Tax Planning , Income Tax Returns , Tax Planning Services
CRA tax tips for the self-employed
Tax may be owed depending on personal circumstances and the type of Covid benefits received. Read More Original Article Source Credits: Advisor's…
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Categories: Tax Planning Services
Filing 2020 taxes late could lead to months of delays for COVID-19 financial aid, says CRA
With all there is to worry about regarding the pandemic and our working lives, the idea of rushing to file…
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Categories: Corporate Tax Planning , Tax Planning Services
CRA sending details of bank accounts to IRS that dont have to be reported
The Canada Revenue Agency has been reporting hundreds of thousands of Canadian bank accounts to the Internal Revenue Service, despite the…
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Categories: Corporate Tax Planning , Tax Planning Services
4 tax tips when filing for your unincorporated business
Preparing taxes at year-end can be challenging and things can become more complicated if you own a business as a…
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Categories: Corporate Taxes , Personal Taxes , Tax Planning Services
CRA: 3 Mistakes to Avoid When Filing Your 2021 Taxes
Filing returns in the 2021 tax season could be more “taxing” than the previous ones because the computation of taxable income for…
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Categories: Accountant , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Personal Tax Planning , Tax Planning Services
Canada Revenue Agency 2021: 1 Important TFSA Change to Note
The Canada Revenue Agency (CRA) announced several important updates before 2020 ended. One of the most important updates was regarding…
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Categories: Corporate Tax Planning , Payroll Services Montreal , Personal Tax Planning , Tax Planning Services
Tax Planning 101: You Have Until March 1 to Reduce Your 2020 Tax Bill Using RRSP
The year 2020 was different from other years for many Canadians even in terms of income. Many people lost their…
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Categories: Financial Statement Preparation , Payroll Services Montreal , Personal Tax Planning , Tax Planning Services
Canada Revenue Agency: 2 Big Changes to Be Aware of in 2021
The Canada Revenue Agency’s (CRA) announcements late last year include two significant changes in 2021. Canada Pension Plan (CPP) users…
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Categories: Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
Taxpayer watchdog to monitor how CRA handles pandemic-stressed taxpayers
The new federal taxpayers’ advocate says he plans to keep a close eye on how the Canada Revenue Agency treats…
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Categories: Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Personal Tax Planning , Personal Taxes , Tax Planning Services
These end-of-year tax tips will help those who received CERB and other pandemic benefits
Halloween plays an important role in the lives of many tax professionals as it signals there are only two months…
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Categories: Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Personal Tax Planning , Personal Taxes , Tax Planning Services
Prepare now for tax fallout from Covid-19, says tax expert
With the government’s colossal fiscal response to Covid-19, financial professionals must shield their clients’ wealth ahead of potential tax increases,…
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Categories: Accountant , Bookkeeper , Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
The Government of Canada launches applications for the Canada Recovery Sickness Benefit and the Canada Recovery Caregiving Benefit
Many people are still being impacted by COVID-19 and require temporary income support. To ensure that Canadians continue to have…
