by Susan Ivanovics | Apr 22, 2021 | Personal tax tips, Self-Employed and Small Business
The final days of April are upon us, and that means one thing for many people. The pressure is on to submit your return to the CRA by April 30th if you have not already done so. Business owners and entrepreneurs also need to remit any amount owed to the CRA by April...
by Susan Ivanovics | Mar 3, 2021 | Personal tax tips, Self-Employed and Small Business
You might wonder what’s the difference between an accountant and a Chartered Professional Accountant (CPA). When it comes to hiring one or the other you should be aware of the distinction. Here are 3 things that sets a CPA apart from an accountant: CPAs belong to a...
by Susan Ivanovics | Feb 22, 2021 | Personal tax tips
Here’s what to do if you owe taxes because of CERB Did you receive COVID-19 Government Assistance such as CERB and afraid you may have to pay taxes? If so there’s still time to make a difference on your 2020 tax payable amount. Purchasing RRSPs can help...
by Susan Ivanovics | Dec 31, 2020 | Personal tax tips
If you worked from home in 2020 as a result of COVID-19 you may eligible for additional tax deductions. The Canada Revenue Agency is Introducing a short, simplified Home Office Expense tax deduction for those who had to work from home due to COVID-19. To qualify you...
by Susan Ivanovics | Dec 16, 2020 | Personal tax tips
Taxpayers may expect to receive a deduction for every dollar they spent in medical expenses. In reality, the amount eligible to claim is actually based on your income. The medical expense credit is designed to assist Canadians who spend a significant amount in medical...
by Susan Ivanovics | Mar 31, 2020 | Personal tax tips, Self-Employed and Small Business, Uncategorised
During this health crisis that we are all facing, I am finding that there can be a lot of misinformation circulating around issues facing small businesses. Especially information concerning HST remittances. In effort to streamline some accurate...
