Your Tax Tip of the Week – from Shaelene! ?

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Don’t get creative without talking to your tax advisor. Even if the idea sounds good, you need to find out if it works for your business and what you need to do in order to properly claim a specific deduction or execute an income or cost-saving plan.

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

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Shaelene’s Tax Tip of the Week – November 10th

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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)!

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Shaelene’s Tax Tip of the Week – November 3rd

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Did you know?
Many executors who are family members fulfill the role out of a sense of duty.  If you don’t mention Executor compensation it will be governed by the rules of the province where the deceased resides.  Executor fees are treated as taxable income, whereas gifts by a will are not.

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

We’ve got you covered!