Our Blog
Our blogs and newsletters bring you the latest from our firm, along with expert accounting advice, reminders, and insights to keep your personal and business finances on track.
Newsletters
March 2023
With all the scams happening these days it’s difficult to know when the phone call you’re dealing with is really from the Canada Revenue Agency (CRA).
February 2023
The Underused Housing Tax (UHT) is a new annual 1% tax on the ownership of vacant or underused housing in Canada.
January 2023
Starting January 18, The Affordability Action Plan (TAAP) is rolling out $600 payments in $100 monthly installments.
Blogs
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 business.
The Home Accessibility Tax Credit
Living in our own homes as we age improves our quality of life. By doing so, we maintain our sense of well-being, independence & self-worth. However, to do so it is often necessary to undertake costly renovations to maintain our health & safety. Recognizing this, the federal government created the Home Accessibility Tax Credit (HATC) to help Canadians live in our homes as long as possible
Meals & Entertainment Tax Deduction
As a business owner or sole proprietor, you can claim food, beverage, & entertainment expenses. The catch? These expenses have to be incurred for earning income. If your expenses qualify, then you can take advantage of the Meals & Entertainment Tax Deduction.
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