Comments Off on Shaelene’s Tax Tip of the Week – September 27th
Did you know?
Be aware of “superficial” loss, which happens when you dispose of capital property at a loss but then purchase it back less than 30 days later. This includes any property that creates any capital gain or loss such as an investment. The end result is not being able to claim the loss as a capital loss on your income tax.
Comments Off on Shaelene’s Tax Tip of the Week – March 15th
Have you given your employee a gift recently?
It isn’t always a taxable benefit. Non-cash gifts for a special occasion have an upper limit of $500, and non-cash gifts for a work anniversary have an upper limit of $500 every five years. Anything in excess, however, is a taxable benefit.
Comments Off on Shaelene’s Tax Tip of the Week – February 22nd
Protect yourself against scammers!
The CRA will never send you an e-mail with a link unless you personally request a transcript via your phone call. They will never ask for personal information via text or e-mail. Additionally, they will also never request payments via pre-paid credit cards, or ask you to provide the tax information of a family member without their consent.
Give us a call at 905-571-2665 (BOOK)! We’ve got you covered!