Shaelene’s Tax Tip of the Week – September 6th

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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 – August 30th

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Did you know?

Know the difference between a “tax credit” and a “tax deduction.”  A deduction is an expense or exemption which reduces your total taxable income. A tax credit is what reduces whatever you’re on the hook for income tax wise.

Have questions?

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

Shaelene’s Tax Tip of the Week – August 23rd

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Did you know?

From dental checkups and laser eye surgery to orthopedic shoes and private insurance premiums, the CRA allows you to claim a variety of medical expenses as non-refundable tax credits. Make sure to keep all your receipts, prescriptions, and other supporting documentation in case the CRA requests to see them later.

Have questions?

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

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