Did you know?
When claiming your meals and entertainment expenses, you should also always include both receipts to include any tip paid to your server.
Have questions?
Give us a call at 905-571-2665 (BOOK)! We’ve got you covered!
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.
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
Shaelene’s Tax Tip of the Week – March 8th
Remember to…
Keep your tax return documents, even after you file: “The more organized you can be with receipts and other documentation relating to your return, the better off you’ll be if you are selected for an audit. Be prepared to produce them quickly when CRA asks to see them, and keep in mind that members of your family may be asked to offer up their own documentations as well.”
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
Tax Tip Credit Here