Serving Southwestern Manitoba and beyond
Serving Southwestern Manitoba and beyond
In today’s age, it is becoming increasingly difficult to find suitable housing and support for the seniors and persons with disabilities in our lives. Many families are renovating their homes to accommodate the people they love. To make individual housing…
This is the time of year when people consider both RRSPs and TFSAs. It can be a complicated and confusing topic. Let’s dive into each plan, discuss the benefits, and discuss when you might want to choose one over the…
We would like to make you aware that the Canada Revenue Agency had made significant changes to trust reporting requirements. These requirements are much broader in scope, thereby capturing situations that most taxpayers have not traditionally considered. Effective years ending…
What employers have to know? Preparing annual T4s and T4As can be stressful for employers and to make the process as smooth as possible, there are some important changes for 2023 T4s and T4As that you should know about. In…
There are tax savings strategies like medical, donations and childcare that everyone tends to know about. But what about those tax deductions that are less common and very useful? Below are a few tax credits that you might find useful…
Canada Revenue Agency (CRA) has recently updated its guidance on a number of several employment benefits, which turns out to be good news for employers and employees. One of the changes included is a new policy on fits and awards.…
When preparing your personal income tax return for 2022, there is a new tax that you should be aware of that may apply to you. The Underused Housing Tax is an annual 1% tax on the ownership of vacant or…
With personal tax season fast approaching, we often get asked the question – “What should I be claiming on my income taxes that I don’t know about?” The answer is not necessarily the same for everyone. It depends on their…
Since the calendar has turned to 2023, it’s hard to believe that tax season is just around the corner. Some of you might be wondering what’s new for filing your 2022 Income Tax return. Here are some of the changes…
If you own a small business in Canada, there are several important deadlines from Canada Revenue Agency (CRA) that you should be aware of. Failure to meet these requirements can result in the penalties and interest assessed by CRA. Payroll…