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April 18, 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
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 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
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
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
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 What is Principal Residence: Principal Residence is the housing unit that is ordinarily inhibited by taxpayer […]
September 30, 2020
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
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 […]
