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

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Did you know? You can use childcare expenses to lower your taxable income. ?

Examples of childcare expenses include daycares, summer camps, overnight boarding schools and in-home providers like nannies. The government allows you to claim up to $8,000 for kids under age 7 and up to $5,000 for children aged 7 to 16.

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

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Shaelene’s Tax Tip of the Week – September 15th

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Did you know?
Individuals who received COVID-related benefits and whose 2020 taxable income is $75,000 or less qualify for interest relief. We will not charge interest from May 1, 2021 to April 30, 2022, on any balance owing on the 2020 tax return.Have questions? Give us a call at 905-571-2665 (BOOK)!

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

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Are you self-employed?

Remember to set aside at least 25% for personal income tax. As a general rule, you should always set aside 25% of your income for taxes. You’re taxed only on your net income which is your total income minus all your expenses.
Have questions? Give us a call at 905-571-2665 (BOOK)!