Shaelene’s Tax Tip of the Week – June 2nd

Books In Line

Have you protected your business?

You qualify for a tax deduction if you have General Business Liability Insurance, Business Property Insurance, or Business Interruption Insurance.  You cannot, however, claim life insurance unless you’ve used it as collateral for a business loan.

Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!

Shaelene’s Tax Tip of the Week – May 19th

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Shaelene’s Tax Tip of the Week – May 19th

Are you or do you know a student?Remember: the T2202A, the credits received from the eligible tuition and education amounts, last indefinitely. They can always be carried forward to the next tax term if you don’t feel the need to use them. The student will find the prepared T2202A on the school website.

Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!

Shaelene’s Tax Tip of the Week – March 24th

Books In Line
Have childcare expenses?

  You can claim amounts paid to daycare centres, caregivers, day camps, and boarding schools. The amount you can claim is up to 2/3 of your earned income or the actual amount you paid for childcare – whichever is lower. The maximum claim per year is $8,000 per child under 7, and $5,000 per other eligible child.

Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!