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

Have you protected your business? You qualify for a tax deduction if you have General Business Liability Insurance, Business Property Insurance, or Business Interruption Insurance. You cannot, however, claim life insurance unless you’ve used it as collateral for a business loan.

Have questions? Give us a call at 905-571-2665.

Shaelene’s Tax Tip of the Week – May 1st

If you are wondering when you will receive your income tax refund, you can login to My Account online, or call Telerefund at 1-800-959-1956. Most refunds will come within 10 business days if the income tax return was e-filed, and 8 weeks if paper filed.

Have questions? Give us a call at 905-571-2665.

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Shaelene’s Tax Tip of the Week – April 24th

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.