Income Tax

COVID 19 – Work From Home

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The CRA has made the home office expenses deduction available to more Canadians, and simplified the way employees can claim these expenses on their personal income tax return for the 2020 tax year. Ask us how.

Providing Goods and/or Services to an NPO

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Where the supplier is providing goods or services to an NPO in exchange for advertising and/or promotional services, a barter transaction may have occurred. Are you familiar with the barter system and it's tax implications?

Flipping Houses – How it could affect your taxes.

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If moving out of a property that was occupied for a short period, ensure you maintain documents and proof that you had intended to establish residential roots and live there. Don't get caught with a hefty tax bill; reach out to us today.

Taxable Benefits

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Benefits not previously taxed may need to be reviewed in the upcoming year to determine if they are now taxable. Do you fall victim?