While many business write-offs are pretty self-explanatory, such as office rent and supplies, others are more confusing. We regularly have clients trying or asking to …
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Jul
Jul
Category Archives: Advice
22
Jul
Jul
With the Check CRA Processing Times tool, you can quickly find out when you can expect them to complete your request or get back …
24
Jun
Jun
The Bank of Canada has announced oversized hike after oversized hike of its key interest rate as inflation continues its rampage.
Unfortunately, inflation is here …
27
May
May
Planning an Ontario summer getaway in 2022?
The Ontario Staycation Tax Credit is a personal income tax credit for Ontarioians to claim 20 percent of …
16
May
May
Do you want to turn your creative side hustle into a full-time business?
If you’ve ever muttered the words, “I wish I could make a …
02
May
May
Thanks to Bill C-30, Canadian businesses can write off 100 percent of the purchase price (up to a maximum of $55,000) for electric vehicles, hybrid-electric, …
14
Apr
Apr
Wondering about income splitting strategies?
The Canada Revenue Agency (CRA) prescribed rate is at a low one percent, which has opened up the opportunity for …
Annoying as it is for many individuals across the Great White North, every year the Canada Revenue Agency regularly reviews returns after sending out a …
17
Feb
Feb
Are you getting a monthly balance sheet statement from your bookkeeper?
Ask yourself whether your books are really in order or are you just trying …
11
Feb
Feb
Are you getting a profit and loss statement regularly? Because you should be getting one every month, at least.
Be honest with yourself. Are your …