Lifelong Learning Plan (LLP)

Lifelong Learning Plan (LLP)

There is no doubt COVID-19 has affected many sectors of the economy. As a result, many people are considering new career paths. Often, the challenge with a new career is education and how to pay for it. Paying for it may be easier than you think. If you have a...
GST/HST Exempt vs Zero-Rated Supplies

GST/HST Exempt vs Zero-Rated Supplies

Do you know the difference between GST/HST exempt vs zero-rated supplies? Below is an explanation of each type, as well as some examples for you. GST/HST Exempt supplies Some of the supplies (goods & services) you purchase for your business are GST/HST exempt....
New Home Purchase or Plans?

New Home Purchase or Plans?

Have you made a new home purchase or plans to purchase? There are personal tax credits & assistance that may be available to you. The Home Buyers’ Amount (HBA) The First-Time Home Buyer’s Amount (HBA) can provide you with a $5,000 non-refundable tax credit....
Our Favourite Time Trackings Apps

Our Favourite Time Trackings Apps

There are several time tracking apps on the market today. We’ve chosen 2 apps that integrate seamlessly with our accounting software. Both are highly rated by Xero & QuickBooks Online (QBO) which are our two main cloud-based accounting softwares. They are also...
Ordering forms from Canada Revenue Agency (CRA)

Ordering forms from Canada Revenue Agency (CRA)

Did you know you can order some of the forms you need from CRA through their website? Some of the most common forms that you can order are: GST62-Goods and Services Tax/Harmonized Sales Tax (GST/HST) Return T2200-Declaration of Conditions of Employment...
Canada Caregiver Credit

Canada Caregiver Credit

Who can you claim this credit for? Do you support a spouse or common-law partner, or a dependent with a physical or mental impairment? The non-refundable, Canada Caregiver Credit (CCC) may be available for you. You may also be able to claim the CCC if you support the...