Did you know?
If you are over 71 and can no longer contribute to your RRSP, you can still make a spousal contribution (and receive the tax deduction) if your spouse is younger than age 71 and you have RRSP contribution room carried forward.
Have questions?
Give us a call at 905-571-2665 (BOOK)!
Whether you run your own business or only speak to Shaelene about your personal taxes, consider setting yourself up with Quickbooks Online and Receiptbank.
Quickbooks is simple, easy, online bookkeeping. Receiptbank allows you to take pictures of all your receipts and invoices so you can upload them to the cloud where we can instantly see them in real time. While it does cost a monthly subscription fee, you can write it off as an accounting fee – these are reasonable accounting fees that you pay so that you can prepare and file your income tax. It helps your accountants tremendously when all of your data is organized in a simple web interface and will keep you organized too!
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
You may be eligible for the temporary Ontario Staycation Tax Credit for 2022! This credit encouraged Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID‑19 pandemic.
Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.
Have questions?
Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
