March 2022

March 2022

It’s March 2022 & time to get your taxes in! The federal government is late with CPP & OAS slips this year. Don’t worry, they are coming & are being sent out the week of March 14, 2021. Even if you don’t have them, we have online...
Voluntary Disclosures Program

Voluntary Disclosures Program

Did you forget to claim some income on past tax returns? Or maybe you discovered a mistake on a past tax or GST/HST return? To correct past mistakes, you might want to apply for the Voluntary Disclosures Program (VDP). The VDP grants relief to taxpayers &...
Student Loan Interest

Student Loan Interest

You graduated & now face the task of repaying your student loans. While this can be distressing, were you aware you can claim your student loan interest as a tax credit on your tax return? Claiming the Student Loan Interest Tax Credit You can use this...
Sole Proprietorship or Incorporation?

Sole Proprietorship or Incorporation?

You’re starting up a small business & it’s time to decide, do you choose a Sole Proprietorship or Incorporation? Though each option is a valid legal business structure in Canada, your best bet is to look at the pros & cons & decide what works for your...
February 2022

February 2022

T4 Filing Deadline is approaching fast The T4 filing deadline with Canada Revenue Agency (CRA) is Monday, February 28, 2022. If we are filing your T4’s for you, we need your payroll information no later than end of business Friday, February 18, 2022 to...