by Bernadette Mitchell | May 14, 2024 | Tax Tips
I have compiled the following based on many years of experience with families, physicians & CRA. In recent years it has become apparent that many individuals are paying more income taxes than they need to, being unaware of or misunderstanding what exactly the...
by Brenda Anderson | Mar 12, 2024 | Important CRA Information
The CRA has reversed its filing requirement for the 2023 filing period, you may be required to file for 2024. Have you co-signed a parent or child’s mortgage? Is your name on a parent’s, child’s or other person’s bank account? Has a single relative or friend added you...
by Brenda Anderson | Feb 23, 2024 | Newsletters
They say you should always open with a joke – so here you go.Does February March?No but April May.It’s almost your favorite time of year – TAX TIME!! (You know you have missed us & have been wanting to check out our new digs) We thought that...
by Brenda Anderson | Feb 23, 2024 | Tax Tips
Let’s Start with the very basics: A tax deduction is any reasonable current business expense you paid or will pay to earn income that the Canada Revenue Agency (CRA) lets you subtract from your total taxable income, reducing the amount of income tax you pay. If...
by Bernadette Mitchell | Feb 2, 2024 | Uncategorized
It may almost be tax season, but it is definately lacrosse season! I have been doing my part to convert everyone I can to be Roughnecks fans!! (Two games at the saddledome this weekend if you are looking for something to do Feb 2 & 3. We will also be running a...
by Bernadette Mitchell | Dec 21, 2023 | Newsletters
Government Agencies going paperlessby Bernadette MitchellWe have been hearing this for 20+ years, but Governing bodies are once step closer to this being a reality. We have been told that neither the CRA, nor the Alberta Government will mail out notices of assessment...
by Bernadette Mitchell | Dec 21, 2023 | Newsletters
Season’s Greetings,We hope that this newsletter finds you & your family well as the holidays & beginning of a new year are fast approaching. As we approach the close of another year, we would like to not only remind you of some things to consider prior to Dec...
by Bernadette Mitchell | Dec 7, 2023 | Newsletters
Before we get into the less fun stuff…We were fortunate enough to get to attend Globalfest this past August, and I got some great pictures. If you are a fan of fireworks, I highly recommend checking it out next August.Where are the days going, we decided to move...
by Bernadette Mitchell | Oct 14, 2023 | Newsletters
Income tax & accounting are serious work, but we aren’t your average accountants. Do you know how copper wire was invented?What is the multi-generational home renovation tax credit?The Canada Revenue Agency (CRA) has announced a new tax credit for...
by Bernadette Mitchell | Sep 20, 2023 | Newsletters
Under-Used Housing – a tax on unoccupied or under used housing based on 1% of the ownership’s value of the property Who must file – If you are not a Canadian citizen or permanent resident, you must file an under used housing return for each residential...
