Justyn

CPP and EI Changes

  • Justyn 
Both employees and employers will be required to contribute more to CPP, but, retirement, survivor, and disability pensions will also increase. Are you prepared for the changes? We offer payroll packages at affordable rates. Contact us to find out more details!

Carbon Tax

  • Justyn 
As of April 1, 2019, a federal carbon tax is scheduled to be imposed in respect of Ontario, New Brunswick, Manitoba, and Saskatchewan. Other provinces have some form of this already in place. This may affect your business more than you know; reach out to us to see how you can mitigate any loss in income.

Accelerated Depreciation

  • Justyn 
Recent changes to the 2019 tax year include immediate full depreciation in respect of manufacturing & processing assets, along with clean energy generation and storage assets. Also, an enhanced first year depreciation claim is now available for most other depreciable assets. Should you do the Accelerated Depreciation or stick to the old method?

Travel Expenses: To and From Work

  • Justyn 
Travel from home to a regular place of employment is usually a personal expenditure, the costs of which cannot be claimed as an employment expense. There are exceptions to this... Contact us to see if you may qualify!

Childcare Costs

  • Justyn 
If there are recreation or education components to your childcare costs, then you may be able to claim the full amount on your tax return.

Investments and Taxes

  • Justyn 
RRSP's are designed to allow you to contribute an amount up to your maximum contribution limit and earn higher interest on the amounts. Are you contributing too much or not enough? We can help you figure that out!

Tax Free Savings Accounts

  • Justyn 
If you are thinking of investing this year, you are in for some slightly good news. CRA has increased the TFSA limits that you can invest.

2019 Tax Changes

  • Justyn 
Starting January 1, 2019, there are a few changes to the way Canadians will be taxed.