Sharon gives her clients the tools and the knowledge they need to get organized throughout the year so there is less scrambling and stress when tax time rolls around. Sharon is a warm, generous, joyful person who truly believes that helping others is her calling. If you are looking for an accountant with a different, more personal touch, Sharon is it!—
Did you know that you can apply for your CPP pension BEFORE you retire? Of course, your next question is: Why would you want to apply for your retirement pension before you retire? Over the last couple of years, CPP has made many changes including the ability to collect CPP at the age of 60 [...]
Is Your Job a Certified Trade? Did you know that the profession of Decorator is considered a trade? How about Baker? Professional Cook? Hair Stylist? These are all jobs that, if you meet the certification requirements, you can get a certified trades designation for it. And better yet, you may be eligible for additional tax [...]
Why does CRA care whether you are married, living common-law, widowed, divorced, separated or single? Your marital status affects the benefits and credits that you may be eligible for including child tax benefit, GST/HST credit and the working income tax benefit. The amount you receive is based on a combined family income. When you are [...]
Just realized that my “5 Helpful Hints” has been published by both the Tri-Cities Chamber of Commerce Spark Newsletter and Momincmovement however I have not posted it… The subject of tax is vast and often confusing for most. Here are a few tax tips that will help you, not just this year, but in the future [...]
I hear the following comments far too often: What types of expenses can I claim in my business? How do I reduce the amount of tax I pay? To answer the first question: basically, you can claim any reasonable expense that you incurred to earn income for your business. You can find a list on [...]
I recently came across an article called “Tax Tips for Freelancers”, which quoted an Accountant that said, “you don’t even necessarily have to go to an accountant” to get your taxes done. I definitely disagree with an article that states people can (and should) do their own taxes. I do believe that you can complete [...]
This post is dedicated to my friends at Mint Hair Lounge; thanks for the great blog idea on tips! There are many industries or jobs where employees receive Tips and Gratuities (i.e. hair stylist, barbers, servers, door person, bellhop, porter, car attendant, etc.). And often there are questions about whether these have to be reported and, of [...]
Sole proprietors are often confused when filing their taxes. I hear that their personal taxes have been filed but not their business taxes. This happens ALL THE TIME! So I am hoping that this information will clear up any confusion. When you are a sole proprietor, YOU are your business! The income from your business [...]
Who doesn’t like gifts and awards? That’s what I thought…we ALL like to be spoiled. And what better way to spoil your employees and yourself (as an employee of the company) than by giving gifts and awards that are tax-free to your employees and tax deductible to you as a company. Bet you are wondering [...]
In a recent article by the Vancouver Sun, “Most Canadians enjoy organizing their taxes”, I was quite surprised to hear that more than half the people surveyed (54%) actually enjoyed organizing their taxes. In the 12 years that I have been in Public Practice, I would guess that this number is closer to 10-20% of clients [...]
