Every year brings its share of tax updates and 2021 was no different. Here are some of the main administrative…
-
Are you up to date on the latest tax changes?
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Click Here To Read The Full Article
-
Feds release draft legislation on trust reporting, ETF taxation
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The Department of Finance released long-awaited draft legislation Friday concerning proposed changes to trust reporting rules and to the taxation of ETFs.The draft legislation…
Click Here To Read The Full Article
-
When should Canadian crypto owners watch out for the taxman?
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
With tax filing season just around the corner – tax returns can be filed from February 28 all the way…
Click Here To Read The Full Article
-
Finance raises auto deduction rates
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Two deduction limits haven’t been raised since the early 2000s Automobile deduction limits for businesses have been raised for 2022 in…
Click Here To Read The Full Article
-
The tax figures and changes you need to know for 2022
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax return preparation services
A new year brings a new set of tax numbers, and here are the important figures you need to know…
Click Here To Read The Full Article
-
Small Business Bookkeeping Tips
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Keeping accurate financial records is essential for small business success. Bookkeeping involves more than tracking the money coming in and…
Click Here To Read The Full Article
-
Liberal tax promise tracker, updated
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Here’s the status of proposals that matter to your clients The government’s fall economic statement and the Prime Minister’s mandate letters…
Click Here To Read The Full Article
-
RRSP rollover into an RDSP can provide tax savings
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Helping families plan with an RDSP gives advisors a broad topic of conversation with clients. Transferring an RRSP or a registered…
Click Here To Read The Full Article
-
5 expert tips for managing money as a first-year student
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Use these practical pointers to develop smart spending and savings habits when attending university. Going to university for the first time…
Click Here To Read The Full Article
-
Pandemic creates cross-border employment and tax riddle
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Help this U.S.-based couple who moved to Canada to care for an elderly parent. When Roger Ly’s* 83-year-old mother had hip…
Click Here To Read The Full Article
-
You've just learned CRA intends to review your tax return. Now what?
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
By educating yourself on the process and making sure you have all your important records on hand, you can save…
Click Here To Read The Full Article
-
Everything you need to know about claiming COVID-19 costs on your taxes
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Non-medical masks don't qualify for the medical expense tax credit, the CRA has said. The Canada Revenue Agency this week issued…
Click Here To Read The Full Article
-
CRA says it had 'two to three times' as many people calling with tax queries in 2021 tax season
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Payroll services
The Canada Revenue Agency has processed 18.6 million individual tax returns so far during the 2021 tax season, with 12.2…
Click Here To Read The Full Article
-
Retirees: 3 Ways to Avoid the Painful 15% OAS Clawback
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Payroll services
Canadian retirees will lock horns again with the Canada Revenue Agency (CRA) over the recovery tax in the 2021 tax…
Click Here To Read The Full Article
-
CRA warns 213,000 Canadians that they might have to pay back CERB overpayments
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Professional Accountant , Tax consultant
The Canada Revenue Agency says it's warning about 213,000 Canadians who may have been paid twice through the Canada Emergency Response…
Click Here To Read The Full Article
-
Canada Emergency Response Benefit (CERB) with CRA
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The Canada Emergency Response Benefit (CERB) gives financial support to employed and self-employed Canadians who are directly affected by COVID-19. If…
Click Here To Read The Full Article
-
Income tax filling and payment deadlines
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The CRA is further extending the payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or…
Click Here To Read The Full Article
-
CRA extends tax payment deadline to Sept. 30
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The Canada Revenue Agency (CRA) is extending the payment due date for current-year individual, corporate and trust income tax returns…
Click Here To Read The Full Article
-
Corporation income tax return
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
All resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a corporation income tax (T2) return every…
Click Here To Read The Full Article
-
Judge sends TFSA overcontribution case back to CRA, citing lack of coherent assessment
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
For some Canadians struggling financially in the midst of the COVID-19 crisis, tapping into a TFSA to access tax-free savings…
Click Here To Read The Full Article