Apr 4, 2019 | News, Personal Taxes
Medical Expenses You can’t claim medical expenses unless it’s 3% or more of your income, which is considered significant medical expenses. What we find it’s very rare people sneak over the 3% threshold. By the time you’re paying out of pocket $2,000, you’re...
Mar 8, 2019 | Personal Taxes, Small Business
Climate Action Incentive If you live in a metropolitan area (defined as having a population over 100,000), you’re entitled to get back $154 from the government and an additional $77 for an eligible spouse plus $38 per child. Single parents will receive $77 for their...
Feb 12, 2019 | International Tax, Personal Taxes
If you are a US citizen, we have some important information for you: The Canada Revenue Agency is sending the IRS the banking information of many Canadians; up to 600,000 banking records every year. As a US citizen, you are obligated to file a tax return with the IRS...
Jan 9, 2019 | News, Personal Taxes
Ah, January. The start of a new year. For some people it means making resolutions, for accountants it means being mindful of the new tax regulations that come into play. This year, there are four major changes brought in by the federal government, two of which will...
Nov 7, 2018 | Personal Taxes, Small Business
We work with a number of small businesses in all stages, from start-ups to mature businesses that are ready to be sold. Over the years, we’ve noticed some common themes with businesses that are struggling. One of the main reasons is that business owners don’t delegate...
Aug 30, 2018 | HST, Personal Taxes, Small Business
When the time comes to collect all your information for your taxes, do you procrastinate as long as you can? True, between receipts and forms and calculations, it’s a lot to figure out, but there are a few steps you can take to make preparing this year’s taxes a lot...
