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  • What’s New for 2021 – are you up to date on the latest tax changes?

    What’s New for 2021 – are you up to date on the latest tax changes?

    Tax season is upon us! As you may or may not know, tax updates and changes occur every year. It is our job as professionals to stay up to date with these changes. However, we feel it is important to share with you a few new changes for the 2021 tax year. Climate Action Incentive The federal government has released a legislation that changes how Climate Action Incentive payments are delivered. For 2021 and subsequent years, the amount will no longer be claimed annually as a refundable tax credit on your personal income tax return. Instead, individuals will be receiving…


  • It’s Tax Season, are you ready?

    It’s Tax Season, are you ready?

    It’s Tax Season, are you ready? As the days are getting longer and we look forward to the spring equinox, it’s a sure sign that a new season is upon us. No, it does not mean spring – it’s tax season. Are you ready? Many people dread this time of year, but it doesn’t have to be a chore. Here’s a few helpful hints that will make things easier, whether you file your own taxes or use a professional. Get organized Most tax slips have to be issued by the end of February, including T4 slips for employment income as…