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

Did you know?

Have you had to take any prescription medications (that aren’t vitamins) that you don’t have coverage for? You can write off any prescription medications that you took this tax year, before December 31st. You can also claim medical insurance that you have purchased for an out-of-country trip!

Have questions?

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

Shaelene’s Tax Tip of the Week – January 10th

Books In Line

Did you know?

As is the standard in much of Canadian Law, the CRA uses a “reasonableness” test to determine their decisions as they relate to business income. In fact, “reasonable” and “reasonably” shows up an astounding 1,219 times in our Income Tax Act. If you plan to do something, consider for example whether or not the CRA would think you “reasonably” expected a profit from your undertaking.

Have questions?

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

We’ve got you covered!