Did you know?
If you’re incorporated, you have six months to file following the end of your fiscal year!
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Know the difference between a “tax credit” and a “tax deduction.” A deduction is an expense or exemption which reduces your total taxable income. The tax credit is what reduces whatever you’re on the hook for income tax wise.
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Know a senior or someone with a disability that needs to renovate their home due to accessibility issues? They may be eligible for the Home Accessibility Tax Credit, which is 15% of up to $10,000 per year towards accessibility-related expenses which go towards helping them feel comfortable again in their own home.
Have questions? Give us a call! 905-571-2665