Shaelene’s Tax Tip of the Week – June 14th

Did you know?

Claiming auto expenses is beneficial to reducing your taxable business income. Auto expenses include fuel and oil, license and registration, maintenance and repair, insurance, car washes, parking, tolls, interest paid on an auto loan and leasing costs. Be sure not to miss out on these costly expenses by being sure to save every receipt.

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

We’ve got you covered!

Shaelene’s Tax Tip of the Week – June 7th

Why should you consider buying into an RRSPs (Registered Retirement Savings Plan)?

It is a great way to save on taxes! Remember, this program is a tax deferral program, meaning that when you withdraw the funds at a later date, it is expected that you will be in a lower tax bracket. Once your money is in the plan it can grow and grow (thank you compound interest!) and again, you will only pay tax on the funds as you withdraw them.

Have questions?

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

We’ve got you covered!

Shaelene’s Tax Tip of the Week – May 17th

Did you know?

While traditionally all tax owing must be paid by April 30th if you’re self-employed, you and your spouse (married or common-law) have until June 15th every year to file your tax returns. As long as your return is filed by that date, you will never be charged the late filing penalty of 5%.

Have questions?

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

We’ve got you covered!