Tax & Accounting Firm​

Running your own business can be time consuming, stressful, and above all very expensive. That being said, business owners are able to...

Cancel or waive penalties or interest CRA may grant relief from penalty or interest when the following types of situations prevent a...

We are excited to inform our clients that we have moved to a new location. We are now located at 899 Bank st, in the Glebe. We also have...

If you own / manage one or multiple rental properties and you wonder if you can claim motor vehicle expenses as a deduction on your T776,...

Every year we receive the same “classic” question from our clients, so which is really better? TFSA or RRSP? The RRSP is better if: The...

Any of us may be subject at an audit at one time or another. That being said, there are ways of reducing your chances of being audited....

In general, interest expense which is incurred in order to earn income from business or property is tax deductible. If you have borrowed...

Even if you cannot pay your full balance owing on or before April 30, 2018, you can avoid the late-filing penalty by filing your return...

Generally, you can deduct expenses for the business use of a work space in your home as long as: The work space is your principal place...

Income Tax Act s. 40(2)(b) Principal Residence Exemption (PRE) When a principal residence is sold, the gain is not taxable if it has been...

For 2018 tax filing, here are changes you can share with clients: Changed credits and amounts Tuition, education, and textbook credits –...