Insights and updates from PSPC Taxes
Articles and notes shared on the live PSPC Taxes site — CRA updates, tax tips, and practical guidance for business owners.
Alberta Energy Rebate
Alberta Energy Rebate | Alberta.ca Overview Alberta Government introducing a new one-time Alberta Energy Rebate to help with the cost of groceries, fuel and other everyday essentials. Starting July 1, elig
Rental Income
Rental Income – Canada.ca
Claims for Meals and Lodging Expenses of Transport Employees
Claims for Meals and Lodging Expenses of Transport Employees – Canada.ca
Self-employed Business, Professional, Commission, Farming, and Fishing Income: Table of Contents
Self-employed Business, Professional, Commission, Farming, and Fishing Income: Table of Contents – Canada.ca
Get ready: By January 2025 there will be changes to the electronic filing of information returns
Please follow the CRA link and if you have any questions please connect with us. Get ready: By January 2025 there will be changes to the electronic filing of information returns – Canada.ca
COVID-19 benefits – The Canada Revenue Agency is moving to the next phase of debt recovery
The Canada Revenue Agency (CRA) is responsible for collecting individual overpayments for all COVID-19 benefit programs, such as the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) and the Canada Worker Lockdown
Doing taxes for someone who died
There can be a lot to do when someone dies. Here’s what you’ll need to do to settle their tax accounts with the CRA. Please see the CRA link below and you can also connect with our team. Doing taxes for someone who died – Canada.ca
Are you up to speed on the latest personal income tax changes?
With tax season upon us, it’s a good time to review some of the main personal tax updates that you will need to consider this filing season and beyond. “It has been a relatively light year for personal tax
Tax-Free First Home Savings Account
The federal government has released new details about a new type of registered savings plan aimed at helping Canadians save for their first home. Find out who qualifies and other key features of these plans. Tax-Free First Home Savings Acco
Government announces the 2022 automobile deduction limits and expense benefit rates for businesses
News release December 23, 2021 – Ottawa, Ontario – Department of Finance Canada Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2022. The following ch
GST/HST for businesses
Collect, file, and remit (pay) the GST/HST When to register for and start charging the GST/HST Find out if you have to register and start charging the GST/HST. Open or manage an account Register for, change, or close a GST/HST account. Char
Tax Free Saving Account….there can also be costly mistakes
A Tax-Free Savings Account (TFSA) is a great tool to build wealth for most Canadians while paying less tax. Although there are many benefits to investing in a TFSA, there can also be costly mistakes. This article outlines the most common pi
Why year-round financial housekeeping can help your business
Ask any CPA and they will tell you there is no shortage of small business owners who struggle with the ins and outs of their bookkeeping and accounting chores. “The biggest problem I see is lack of good bookkeeping,” says Brian J. Quinlan,
Advocating for a better tax system
The pandemic has forged even more effective collaboration between CPA Canada and the CRA as we continue to find ways to improve With government workplace closures, urgent relief program roll-outs and new tax filing hurdles, it’s been “all h
Slam the scam – Protect yourself against fraud
Slam the scam – Protect yourself against fraud – Canada.ca There are many fraud types, including new ones invented daily. Taxpayers should be vigilant when they receive, either by telephone, mail, text message or email, a fraudulent communi
What Can Independent Contractors Deduct?
User generated content in real-time will have multiple touchpoints for offshoring.
Reasons An Accountant Should Incorporate Your Business
Capitalize on low hanging fruit to identify a ballpark value added activity to beta test.
A Fruitful Retirement: Social Security Benefit
At the end of the day, going forward, a new normal that has evolved from generation.