April 18, 2022

Federal Budget 2022

On April 7th, 2022 the Federal Budget was released. This budget paper provides an overview and highlights key features included in the budget. For now, the […]
March 7, 2022

Benefit from 2022 Ontario’s Staycation Tax Credit

Ontarians who are planning a vacation (including family getaways) within the province this year could benefit from tax refund under the new Ontario Staycation Tax Credit […]
December 20, 2021

Tax Rates 2021 – For Ontario Residents

Tax Table 2021 – For Ontario Residents Definition of Effective Rate and Marginal Rate: Effective rate is the actual percentage you pay on your taxes. Its […]
February 14, 2021

Evolving Tax Rules – Real Estate Industry

1- Am I considering all deductible expenses when preparing tax returns ? Commission Rebates Car expenses Work-space-in-the-home expenses Meals and entertainment Advertising expenses Office expenses and […]
January 27, 2021

Consider Incorporation

Advantages of Incorporation 1- Limited Liability With a corporation, individual shareholders are not responsible for corporate debts or other liabilities. Shareholder can only lose the value […]
December 12, 2020

RRSP – Should I Maximize?

 Common Perspective: Maximize RRSP! When it comes to savings for retirement, nothing can beat RRSP! Reality: Always consider below before investing in RRSP: Current income level […]
November 24, 2020

Renting Principal Residence – Change in use of Principal Residence

Renting Principal Residence – Change in use of Principal Residence What is Principal Residence: Principal Residence is the housing unit that is ordinarily inhibited by taxpayer […]
September 30, 2020

Government promise free, automatic tax returns

Free automatic tax return system promised for simple tax filers: This is a long-overdue change that will result in hassle free tax filing for hundreds of […]
April 26, 2020

Tax Deadlines

Below are key income tax filing and payment deadlines Tax filing and payment deadlines Avoid interest and penalties by filing and paying tax liabilities before deadlines […]
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