The Federal Budget and You

The Federal Budget and You

On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. No changes were made to personal or corporate tax rates, nor...
Ontario Staycation Tax Credit for 2022

Ontario Staycation Tax Credit for 2022

The provincial government’s “staycation tax credit” is now in effect for Ontarians who plan getaways within the province this year. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while...
Important Deadlines in 2021

Important Deadlines in 2021

There are some important deadlines in the next couple of months that we want you to be aware of. My Business Account If you have not yet created a My Business Account, we encourage you do so through the CRA website. It is a way to access your accounts securely and...
Canada Revenue – Audits and Scams

Canada Revenue – Audits and Scams

Canada Revenue Audit The Canada Revenue Agency (CRA) has recently commenced a corporate post-assessing limited review project on Class 10 (vehicles) additions, focusing on tax years ended in 2015. Read what you need to know about the review » Please notify us...
‘Tis the Season

‘Tis the Season

‘Tis the season in which many employers like to show their employees how much they appreciate all their hard work throughout the year. Could you think of any better way than to provide your employees with an up to $500 tax free gift? Especially if such a gift...