Nov 15, 2021 | Uncategorized
Last month we wrote about grants offered to homeowners but we thought you should know that a wide range of grants are also available to small businesses. One of the better known programs is the Co-operative Education Tax Credit. What are the benefits? From the Ontario...
Jun 30, 2021 | Uncategorized
When the federal Goods and Services Tax (GST) was introduced over 30 years ago, businesses that sold goods had a retail outlet and service providers worked out of a specific location, for the most part. Just under 10 years later, Ontario combined the Provincial Sales...
Mar 15, 2021 | Uncategorized
It’s tax season and we hope you are as excited as we are. Well, perhaps excited isn’t the right word… If you’re a client, you should have received documents from us with a list of the information we need. We’ve done something a little different this year – we have...
Feb 22, 2021 | Uncategorized
There was some good news from the CRA this month for anybody who applied for and received the Canada Emergency Response Benefit (CERB). When is the last time you heard the words ‘good news’ and ‘the CRA’ in the same sentence? The qualifications were unclear when the...
Jan 19, 2021 | Uncategorized
Now is when accountability for CERB and other pandemic related benefits gets real. Earlier this month, the CRA began mailing out T4A forms to people who had received CERB payments, resulting in a few surprised people who weren’t aware that the CERB is taxable. As...
Oct 19, 2020 | Uncategorized
What’s the difference between a capital improvement and maintenance and repairs? It sounds like the beginning of a joke. Well, it might to a CPA, but not so much to the CRA. I’m addressing this topic because we have clients who own mixed-use spaces, small apartment...
