September 5, 2020

T4 Changes

During the COVID 19 times employees as well as employers were getting some benefits: the Canada Emergency Response Benefit (CERB), the Canada Emergency Student Benefit (CESB), […]
February 18, 2020

Tax Updates

Alberta Tax Rates   There are no changes to the tax rates for 2019. However, the taxable income thresholds have been increased by the indexation factor […]
September 27, 2019

Medical expenses

Medical expenses that may be claimed to reduce the amount of federal income tax you pay There exists a non-refundable tax credit that you may use […]
July 15, 2019

Employee or Contractor? (Part 3 Continued)

Below you will find some indicators showing that the worker is a contractor, the work relationship will be a “contract for service”: the worker does not […]
June 29, 2019

Employee or Contractor? (Part 2 Continued)

    Below you will find some indicators showing that the worker is an employee, the work relationship will be a “contract of service”: an individual […]
May 14, 2019

Annual Return Filing (Part 1)

In order to keep your corporation active, file your return by the last day of the month following the anniversary of the registration month. Must be […]
May 6, 2019

Tax Savings for Home Buyers

First-Time Home Buyers’ Tax Credit The credit allows first-time home buyers to claim an amount of $5,000 on qualifying homes purchased. It’s also available to those […]
April 26, 2019

Expenses for Self-Employed Truckers and the Transport Companies (Part 2)

  If you have the incorporated or unincorporated business, you can claim truck related and other expenses such as: Advertising Meals and Entertainment (50% vs. 80% […]
March 22, 2019

5 Tax Tips for your income tax return

1. Make sure you file your tax return on time – the deadline is April 30, 2019 – thus you will avoid the late filling penalty […]