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Planning your 2014 Income Tax return? Use this checklist below to help you organize and help me file your return efficiently! Personal Income tax Checklist 2014 Remember that there are new changes to the 2014 income tax return which may affect you so please look at my previous blog on the changes. Accounting Dates to remember: RRSP deadline is March 1, 2015, please call or email me if you need to know your limit Read More
For a number of months the media has been speculating that the Bank of Canada will rise the interest rate in 2015. The increase is likely to occur in the later part of the year. The increase will not be significant but will impact you on your borrowing. Since the housing crisis of 2008 in the US, I have been telling my clients to payoff their debts. Not pay down but Read More
December 17, 2014 Pretty soon it will be time to stop working, close up your offices and spend time with your family and friends. It is also time to step back and reflect on the past year and think about the new year. This type of reflection will benefit you, if you are self employed or are incorporated and running a business. When I speak of reflection, you may want to consider: Read More
There has been much media coverage surrounding changes to 2014 Personal Income Tax return, regarding income splitting, fitness tax credits and universal tax benefits. Please look at the link to see if any of these changes may affect you: http://www.cra-arc.gc.ca/gncy/bdgt/menu-eng.html It is important to note at this time that the legislation for these changes has not goen through. Please call or email me if you need more information.
CRA looking at your Facebook page. On October 25, the Financial Post wrote an interesting article about CRA looking at taxpayers Facebook posts. What are they looking for? Expensive holidays, fancy restaurants, lavish cars and lifestyle. Why are they looking for this? To make sure you report all your income to support your lifestyle. It is necessary for you to report all your world wide income on your tax returns. Read More
Planning your 2013 Income Tax return? Use this checklist below to help you organize and help me file your return efficiently! Personal Income tax Checklist 2013 Personal Income tax Checklist 2012 Accounting Dates to remember: RRSP deadline is March 1, 2014, please call or email me if you need to know your limit for contribution. All T4’s and T5’s will be prepared and mailed by February 28, 2014. First income tax installment due March 15, 2014. Personal Read More
Now that your taxes have been filed, payments made or refunds spent, most people think of summer and forgetting the stressful month of April. Important Accounting Date to remember if it applies to you: June 15th, 2013 Income Tax filing deadline for self employed individuals. HST filing deadline for self employed individuals. Income installment and HST installments due. If you need any assistance in calculating any amounts due please call or email me. Don't forget Read More
