Shaelene’s Tax Tip of the Week – January 4th

Did you know?

You may be eligible for the temporary Ontario Staycation Tax Credit for 2022! This credit encouraged Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID‑19 pandemic.

Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.

Learn more here!

Have questions?

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

We’ve got you covered!

How to find your uncashed CRA cheques!

Did you know?

Everyday the CRA adds half a million dollars to it’s pile of uncashed cheques? ?

Read more here: http://bit.ly/3kh5iGj

“Approximately five million Canadians (and counting) have failed to claim one or more uncashed cheques from the Canada Revenue Agency.”

Are you one of them?

Here’s how to check:

To access the online tool, visit CRA’s website and look for the agency’s “My Account” service. Once logged in, click on the “Uncashed Cheques” link at the bottom of the “Related Services” column on the “Overview” page.Any unpaid amounts that have sat dormant for over six months will be listed on that page, as well as the necessary forms to claim your money.

For more information visit: https://www.canada.ca/…/services/uncashed-cheque.html, or give us a call at 905-571-2665 (BOOK). #BooksInLine#uncashedcheques#CRA#durhambookkeeping