Update - Our office is open for public and we doing personal taxes in Person
The following are tax tips for newlywed couples. How can you save on taxes as new wedded couple. You should start by investing into a home buyers plan. Most couples will buy their first home and that would be their biggest purchase by far. The mistake people make is not knowing that you can contribute
If you are looking to downscale but are not sure if you should rent or buy a property here are some tips. When you feel that you should downscale from a home to an apartment or a smaller property it is hard to determine whether you should rent or own the property. Many factors go
1. Claim Medical Expenses Most people forget that they can claim their medical expenses, you can get a tax credit after filing a tax return for the medical expenses that you paid for. Medical expenses that qualify include prescription drugs, medical therapist, and some medical premiums paid to insurance companies. Always keep your receipts incase
Hi this is Muhammad Nasrullah I have accounting firm providing public services for more than 20 years in Greater Toronto Brampton and Mississauga Area. Information Needed To File Your Taxes With CRA If you are Newcomer to Canada you make sure that you go to the accountant and apply your tax returns accountant will
I am releasing a series of videos to help you receive financial help from the Government of Canada due to COVID-19. Most importantly, I hope that you and your family are safe during this difficult time. This video is about the Canada Emergency Wage Subsidy for Canadian Employers. Wage Subsidy The Government of Canada is
Loans of up to $40000 are being provided to small businesses in Canada. Are You Eligible? There are some criteria you must meet to be eligible for the Canada Emergency Small Business Loan. You must have had a payroll of $50,000 to $1,000,000 in 2019. Now the loan itself does have its own terms as
Muhammad Nasrullah, CPA Canada Emergency Response Benefit, what is it? The Canada Emergency Response Benefit gives financial support to self-employed and employed persons. If you are eligible you will receive $2000 for a 4 week period, which is the same as receiving $500 every week. This benefit started in mid-March 2020. How to know if
If you are an employer or own your own corporation, this blog will help you to get the information necessary to prepare a T4. A T4 slip reports your salary and wages paid by Canadian Corporation to its employees. In order to properly prepare a T4 you can follow these simple steps. You start off
A – If you send your children to physical activities like basket ball swimming or dance or art classes you get tax refund for those expenses. B – If children are not living with you, you can’t claim it C – You can’t claim if you spent more than 500 per child only up to
a. You can claim all Medical expenses related to your family members including spouses b. You can claim glasses dental prescribe medical physio therapy c. If you have to change your home due to medical reason you can claimed as expenses like left in home d. Usually medical expenses period start from Jan to Dec