Do you avoid sending in your taxes? Or, did you somehow, just forget? Here are some good reasons to submit them, even if you're a bit behind.It's not the end of the world that you missed a deadline (or a few!) The Canada Revenue Agency (CRA) is really ...
The pandemic has many people working away from their normal place of business. If you are using your home as a temporary work space, you may qualify for a flat rate $500 tax deduction on your 2021 return. You will have to meet certain criteria in order ...
Find out how to ensure your RRSP goes to your loved ones.
Monday, January 03, 2022
Do you know what happens to an RRSP when someone dies? You would assume that your investments like RRSPs would go to your spouse after your death. However, you need to ensure this is the case when it comes to the laws in your province.RRSPs that are still ...
Are you registered for the CRA's MyAccount?The Canada Revenue Agency's My Account is a secure portal that lets you view your personal income tax and benefit information, as well as manage your tax affairs online.It's available 21 hours a day, 7 days a ...
Take advantage of charitable donation tax claims for 2021 but be aware who you're donating to! There is an increase in the social media services pushing for people to do things to collect donations on behalf of charities. For example, Facebook nudges ...
Call to set up an appointment for your next meeting.
Thursday, July 22, 2021
We are excited to announce that we have moved our office!Effective today, we have relocated the office to 101, 5708 - 47 Street, Leduc. Email and phone number remain unchanged.We are sharing space inside the Baynes Family Wellness clinic, therefore all ...
Are you curious what the Federal Budget looks like? Download this informative pdf to learn what benefits or claims will affect you. It outlines how to handle COVID-19 benefits and deductions, as well as changes to the tax claims for 2021. Some of ...
How would you like a little bit extra money in your retirement fund? If you're able to defer your CPP and OAS benefits until age 70, your payments will increase? The standard rule of thumb would be to start receiving CPP as soon as you are eligible, at ...
CRA Introduces Multi-Factor Authentication The Canada Revenue Agency (CRA) is introducing a Multi-factor authentication (MFA) process to enhance the security of its online services and ensure the safety and protection of taxpayer information. When ...
Some benefits individuals and businesses may qualify for, to help get through the Covid-19 pandemic. CANADA EMERGENCY BUSINESS ACCOUNT (CEBA) If you own a business, look into whether you can apply for CEBA. It is an interest-free loan available to ...
