If you run your business from your home, be aware of the expenses you can write off. Keep track of the proportional amount you use on such expenses for internet, hydro, rent, or even your mortgage interest that you accumulate during your business hours.
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.
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.