Tax Updates & Key Dates for the 2024 Filing SeasonI hope this post finds you well as we step into another tax season. With the 2024 tax filing period approaching, I want to share some important updates, key tax deadlines, and rebate highlights to help you prepare for the year...
Recent updates from the Canada Revenue Agency (CRA) have brought essential changes to how non-cash gifts and awards from employers are taxed. As your trusted tax professionals, we want to ensure you fully understand these updates and their implications for both employers and employees.
The Ontario government has introduced a new tax rebate program designed to provide financial relief to residents facing increased living costs due to rising interest rates and the federal carbon tax. This rebate aims to put money back into the pockets of Ontario families, offering up to $1,000 per household. As...
As your trusted tax professional in Aurora, Ontario, I want to ensure you have a clear understanding of the Climate Action Incentive Payment (CAIP) and how it impacts your household finances. The CAIP is a federal program designed to return carbon pricing proceeds directly to residents of eligible provinces, helping...
New for 2023The personal income levels used to calculate your Ontario tax have changed.The amounts for most provincial non-refundable tax credits have changed.The Ontario seniors' home safety tax credit is no longer available for 2023 and later tax years.The Ontario jobs training tax credit is no longer available for 2023 and later tax years.The Ontario...
April is just around the corner, and for many people, that means it's time to start thinking about filing their personal income tax return. Filing your tax return can seem like a daunting task, especially if you're new to the process or if your financial situation has changed since last...
RRSP, or Registered Retirement Savings Plan, is a popular savings vehicle for Canadians looking to secure their financial future. In this blog, we'll explore what an RRSP is, how it works, and why it's an important tool for Canadians to invest in.
As tax season approaches, it can prove to be a complex task, particularly considering the recent modifications instituted by the Canada Revenue Agency. To alleviate the burden, we have put together a comprehensive list of 9 noteworthy updates and tax credits that individuals should be cognizant of prior to submitting...
In this blog post, we'll explore the top benefits of working with a professional tax service firm. Filing taxes can be a daunting and confusing process, but working with a professional tax service firm can make the experience much smoother and more beneficial.
