More than 30 potential tax measures are set out in the Liberal Party’s 2021 campaign platform, some already announced, but most of them new. We will keep you updated of any more changes as Tax Time approaches. COVID-19 support and economic recovery Tax measures for businesses Tax measures for individuals COVID-19 Support and Economic Recovery […]
Self Employed Benefits
Assistance for small business and self-employed: Trudeau has confirmed and it is confirmed on the CRA web site. The portal to apply for the Emergency Response Benefit will be through My Account (CRA). This will open for applications the beginning of April. I can not say this enough……. the systems are jammed with unprecedented numbers of people […]
COVID -19 CRA UPDATES FOR BENEFITS, CREDITS & SUPPORT PAYMENTS
FILING YOUR PERSONAL TAXES The Federal government has extended the tax deadline to June 1, 2020. Payment Due Date Aug 31, 2020 Will a delay in filing my taxes effect my benefits? If you are low income (or anyone that relies on their CTB,OTB or GST) You should try to file as early as possible […]
5 Common Mistakes of Small Business
You are not alone. Common mistakes are often made by small business owners. Home-based business owners are required to put a lot of dedication and planning into their operations, which leaves very little time for their accounting systems. Often most home-based businesses will make common accounting mistakes – here is a list of the top […]
Accounting Cheat Sheet
Here’s an infographic “cheat sheet” to give you the reminders, time savers, accountancy apps and tips for your small or micro-business. The Accounting Cheat Sheet for Small and Micro-Businesses