Maximizing Your Tax Deductions: The Importance of Business Use of Home Expenses
Are you a small business owner looking to save some extra cash this tax season? Let’s dive into the world of maximizing your tax...
Understanding the Different Tax Accounts That Apply to Your Business in Canada
As a business owner, understanding the different tax accounts that apply to your business is crucial for staying compliant with tax laws...
How Does Working Remotely Impact Your Income Tax Deductions?
With the onset of the COVID – 19 pandemic, numerous employers opted to allow their employees to work from home. Now that the restrictions...
Bill C-208 and How It Can Affect Your Family Business
Bill C-208 amends the Income Tax Act to reduce taxes that must be paid when a business owner wishes to sell shares of their farm, fishing...
Money Management Tactics for You and Your Family
Money management is important to be successful at paying your bills, saving for the future, being prepared for unexpected expenses, and...
CRA Income Tax Review
A CRA review is not a tax audit. The biggest difference between a tax review and a tax audit is that a tax review may be completed in a...
2021 Federal Budget
The new Canadian federal budget was tabled on April 19, 2021 by finance minister Chrystia Freeland. The federal deficit is estimated to...
New Simplified Home Office Deduction for 2020 Income Tax Year
With the onset of the COVID-19 crisis in 2020, numerous employers allowed their employees to work from home. It is for this reason that...
Checklist for Preparing Your 2020 Income Tax
While doing their income tax, individuals and businesses often forget to claim deductions that could really benefit them and that might...
