Establishing if it is worth claiming medical expenses in your tax return. Can you claim medical expenses in your personal or business...

Maximizing Tax Benefits: What Contractors and Construction Firms Need to Know About Company Vehicles

Typically, in Canada, April 30th is the deadline to file your personal tax return and pay any balance owing to the Canada Revenue Agency....

As cloud-based accountants offering services to construction and professional services businesses we see a lot of clients deduct a...

You may have heard accountants and tax professionals talking about T slips lately, and it may have got you wondering: What is a T slip?...

Running a business is no easy task and it is not cheap either, luckily the Canada Revenue Agency (CRA) allows business owners and...

On January 1, 2022, the government of Canada’s Underused Housing Tax (UHT) came into effect. The act is the government’s attempt to...

This time of year, many employers want to show their staff some appreciation by giving them a holiday bonus. But what is the best way to...

Defending yourself from the CRA can be costly and time consuming.

Incorporating allows you to separate your assets from that of your business and all the accompanying liabilities.

Updated December 2024 Maximizing Vehicle Expense Deductions for Canadian Business Owners in 2024 If you own a vehicle that you use for...

If you are a business owner with employees setting your business up for issuing ROE should be on your PRIORITY list! WHY (a) the process...

We often get asked the question, how long you should keep your tax documents for CRA purposes? The common answer that you can find easily...

This blog is about cloud software that allows trades and construction companies to manage projects. We are talking about larger projects...

You use your vehicle for business purposes and you need a way to track mileage, so you know (and can prove to CRA) how much driving was...

In April we introduced you to Audit Shield – a program that covers the cost of defending an audit from the CRA. Accountancy Insurance is...

With the growing number of audits initiated by the Canada Revenue Agency (CRA), we have seen more and more of our own clients’ returns...

'After a busy day helping my clients and managing my suppliers and staff, I really enjoy sitting down to sort and manage my paperwork.'...