Did you know?
Interest on funds you have borrowed for personal purposes are not deductible, but it is possible that available cash you have used to repay loans for investment purposes may qualify.
Have questions? Give us a call at 905-571-2665 (BOOK)!
Did you know?
Be aware of “superficial” loss, which happens when you dispose of capital property at a loss but then purchase it back less than 30 days later. This includes any property that creates any capital gain or loss such as an investment. The end result is not being able to claim the loss as a capital loss on your income tax.
Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
Did you know?
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 for expenses like internet, hydro, rent, or even your mortgage interest that you accumulate during your business hours.
Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
