Tax & Accounting Firm​

The Low-Income Workers Tax Credit (known as Low-income Individuals and Families (LIFT) Tax Credit) is a non-refundable tax credit that...

This credit is a tax-free payment to help Ontarians with the sales tax they pay. Eligibility for the 2022 benefit year (July 2022 – June...

Eligibility for the 2022 benefit year (July 2022 – June 2023) To qualify, you must be a resident of Ontario on December 31, 2021, and at...

The Seniors’ Home Safety Tax Credit is a temporary, refundable personal income tax credit that can help you make your home safer and more...

The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the...

If you are considering purchasing an electric vehicle (EV), you may be eligible for an incentive rebate off the Manufacturer’s Suggested...

Legislation was recently passed into law for a new temporary measure that allows Canadian-controlled private corporations (CCPCs),...

Do you own an incorporated business that provides consulting services? If you could be regarded as an employee of your clients, you run...

If you are an employee and choose to use the detailed method to claim home office expenses, you must be aware of what you can and cannot...

Can I deduct my car expenses against my rental property income?

If you have applied and received the first $40K loan (25% forgivable) and/ or the second loan of $20K ($10K forgivable), it is important...

​ Immediate Support for Families with Young Children - The Government proposed to provide, in 2021, four tax-free payments of $300 per...

To calculate the amount of home office expenses you are allowed to claim, you can use the CRA calculator. https://www.canada.ca/en/revenu...

Deemed Disposition When there is a change in use of real estate, either from income-producing to personal-use, or from personal-use to...

Due to the Covid-19 pandemic, employment income reported on 2020 T4 slips will be a bit different in 2020. To validate Covid-19 benefits...

It is important to note that this benefit is a taxable benefit and CRA did not withhold taxes at source, which means that you will be...

The Canada Revenue Agency (CRA) has made the home office expenses deduction available to more Canadians and simplified the way in which...

Here is what you need to know about how the Federal Government offered to help those affected by the COVID-19 crisis in relation to 2020...

Preparing for an Audit Preparing for an audit is much easier than it sounds. If your taxes are indeed accurate, then you have nothing to...

The quick method is another accounting option available to help small businesses calculate their net tax for HST purposes. This method...