Shaelene’s Tax Tip of the Week – April 19th

Books In Line

Own and rent a cottage out?

If you have a cottage that you own and rent out, keep your receipts. And make the claims in the right year. “Allowable expenses are usually deducted on a cash basis – that is, in the calendar year in which you incur them – as long as you match them to the revenue earned in the same period. These can range from the advertising of the cottage all out to landscaping costs and common things such as maintenance and repairs.”

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Give us a call at 905-571-2665 (BOOK)!

Tax tip found at: canadadrives.ca/blog/save-money/7-ways-to-get-a-bigger-tax-return

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Shaelene’s Tax Tip of the Week – April 12th

Books In Line

Did you know?

Did you know you can use childcare expenses to lower your taxable income? Examples of childcare expenses include daycares, summer camps, overnight boarding schools and in-home providers like nannies. The government allows you to claim up to $8,000 for kids under age 7 and up to $5,000 for children aged 7 to 16.

Have questions?

Give us a call at 905-571-2665 (BOOK)!

Tax tip found at canadadrives.ca/blog/save-money/7-ways-to-get-a-bigger-tax-return
We’ve got you covered!

Shaelene’s Tax Tip of the Week – March 29th

Books In Line

Did you know?

If you are wondering when you will receive your income tax refund, you can login to My Account online, or call Telerefund at 1-800-959-1956. Most refunds will come within 10 business days if the income tax return was e-filed, and 8 weeks if paper filed.

Have questions?

Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!