Blog

Common Things CRA Questions

Medical Expenses You can’t claim medical expenses unless it’s 3% or more of your income, which is considered significant medical expenses. What we find it's very rare people sneak over the 3% threshold. By the time you’re paying out of pocket $2,000, you’re usually...

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Changes for your 2018 taxes

Climate Action Incentive If you live in a metropolitan area (defined as having a population over 100,000), you’re entitled to get back $154 from the government and an additional $77 for an eligible spouse plus $38 per child. Single parents will receive $77 for their...

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US citizens and their foreign reporting

If you are a US citizen, we have some important information for you: The Canada Revenue Agency is sending the IRS the banking information of many Canadians; up to 600,000 banking records every year. As a US citizen, you are obligated to file a tax return with the IRS...

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A New Year Begins!

Ah, January. The start of a new year. For some people it means making resolutions, for accountants it means being mindful of the new tax regulations that come into play. This year, there are four major changes brought in by the federal government, two of which will...

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Why Do Small Businesses Fail?

Over the years, we’ve noticed some common themes with businesses that are struggling. Here are some of the reasons why small businesses fail and some steps you can take to make sure yours doesn’t.

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We’ve Moved!

We have moved! Although we only moved across the street, there is one big difference – we used to be part of a co-working space (The Centre for Social Innovation) but now we’ve got our own space, which is necessary because we’re now a team of six – a change that...

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