Shaelene’s Tax Tip of the Week – November 25th

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.
 
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Shaelene’s Tax Tip of the Week – November 18th

Shaelene’s Tax Tip of the Week – November 18th 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)!