Tax Services

One-time-top-up Canada Housing Benefit payment for low income families who are renting

You have until march 31 2023. See if you qualify

One-time top-up to the Canada Housing Benefit - Canada.ca The one-time top-up to the Canada Housing Benefit is a tax-free one-time payment of $500 for eligible low-income renters to help with the cost of renting.

📢ATTENTION ONTARIANS📢

Dont miss out on the new 2022 Staycation Tax Credit for eligible travel expenses. Not sure if you qualify? I can help! You can also see the link in comments for more details.

⏳ RRSP deadline is fast approaching. 13 days and counting. Dont forget to make your contributions by March 1 2023 for the 2022 tax year ⏳

New for the 2022 year is the Ontario Staycation Tax Credit!!! Keep your receipts!!!

Ontarians can claim up to $2000 of eligible Ontario travel expenses for a portion to be applied back to your tax return. Eligible expenses are short terms rentals for:
-hotel
-motel
-resort
-lodge
-bed-and-breakfast establishment
-cottage
-campground
-vacation rental property

See link for more details on ineligible expenses and other criteria.

Ontario Staycation Tax Credit Find out how to get back up to 20% of your eligible 2022 Ontario accommodation expenses.

Catch Up Payments Apply for direct Catch Up Payments to get $200 to $250 to help pay for student learning supports to help fill gaps that may have emerged because of COVID‑19. As a parent or guardian, you can use this one-time funding for things that best suit your child’s needs like tutoring services, supplies a...

PARENTS WITH STUDENTS!!

Apply for direct Catch Up Payments to get $200 to $250 to help pay for student learning supports to help fill gaps that may have emerged because of COVID‑19. As a parent or guardian, you can use this one-time funding for things that best suit your child’s needs like tutoring services, supplies and equipment.

These Catch Up Payments are available to parents to help their child get back on track during the 2022–23 school year.

Catch Up Payments Apply for direct Catch Up Payments to get $200 to $250 to help pay for student learning supports to help fill gaps that may have emerged because of COVID‑19. As a parent or guardian, you can use this one-time funding for things that best suit your child’s needs like tutoring services, supplies a...

Reminder today is tax deadline day!

Thank you all for another great year!

Tax Services updated their information in their About section.

Ontario has a staycation credit for the 2022 tax year. Something worth noting
https://www.ontario.ca/page/ontario-staycation-tax-credit

Ontario Staycation Tax Credit Find out how to get back up to 20% of your eligible 2022 Ontario accommodation expenses.

Just a reminder the RRSP contribution deadline is fast approaching. You have until March 1, 2022

Leettttssss get ready to rumble!! It’s that time of year again! ⏰Tax time!

The CRA filing deadline is April 30th 2022 for most individuals.

Do you need previous years completed? No problem! Individual, family or small business tax returns completed at a fair price 💰

I look forward to our annual meet up. We can complete your return either in person, via phone, email or porch drop off and pickup. I complete returns for people all over Canada! 👩‍💼

Send me a message and we will make an arrangement that works for YOU 💻

This year has been a tough one for many people and having a balance owing at tax time doesn’t help. You might qualify for interest relief on your tax balance due. If you are unable to make you full tax payment on time click below to see if you qualify.

https://www.canada.ca/en/services/taxes/income-tax/personal-income-tax/covid19-taxes/interest-relief.html

Interest relief if you received COVID-19 benefits - Personal income tax - Canada.ca Eligibility criteria for interest relief for individuals who have a balance owing on their 2020 taxes, taxable income of $75,000 or less in 2020, and received at least one COVID-19 benefit.

I am currently in the office for anyone who has not yet filed. You have until tonight at midnight!

🎉Tomorrow I will be doing the $100 visa giveaway for one of my lucky tax clients! Stay tuned!!! 🎉

⌚️ Reminder ⌚️
The final countdown to tax deadline is this Friday April 30 at midnight but dont worry there is still time to get your returns in and on time! Book a time with me and we can get that done for you.
💻📱💸

The Ontario C19 Child Benefit provides financial support to families with young learners to help with additional costs during the C19 pandemic. This payment is not considered taxable income.

Starting on April 26, they will begin issuing payments of:

$400 for each child or youth up to Grade 12
$500 for each child or youth up to age 21 with special needs

If you received a payment through the Support for Learners program, you do not need to apply for this additional payment.

If you havent applied yet, apply below:
https://www.ontario.ca/page/get-ontario-covid-19-child-benefit #:~:text=The%20Ontario%20COVID%2D19covid,will%20begin%20issuing%20payments%20of%3A&text=%24500%20for%20each%20child%20or%20youth%20up%20to%20age%2021%20with%20special%20needs

www.ontario.ca You are using an outdated browser that is no longer supported by Ontario.ca. Outdated browsers lack safety features that keep your information secure, and they can also be slow. Learn about the browsers we support.

📣 FYI tax deadline is quickly approaching 📣

Don't let your benefits get delayed and be sure to file by April 30

And as always I'm here to help!

https://ca.finance.yahoo.com/news/cra-warns-covid-19-benefits-could-be-delayed-2-months-if-tax-filing-deadline-missed-182812751.html

CRA warns COVID-19 benefits could be delayed 2 months if tax deadline missed The Canada Revenue Agency is warning anyone who gets COVID-19 benefits to file their 2020 taxes by the April 30th deadline or face delays in getting their payments. The includes the Canada Recovery Benefit (CRB), Canada Recovery Caregiving Benefit (CRCB), or Canada Recovery Sickness Benefit (CRSB).

Can't get into your online my account?. Heres why....

https://www.ctvnews.ca/mobile/canada/cra-locking-800k-canadian-taxpayers-out-of-accounts-1.5345069

CRA locking 800K Canadian taxpayers out of accounts The Canada Revenue Agency is locking out 800,000 users from their online accounts on Saturday, out of fear that people's usernames and passwords have been hacked.

It’s that time of year again! *queue dance music* ⏰Tax time!

As of right now, the CRA filing deadline is Friday April 30th for most individuals. Do you need previous years completed? No problem! Individual, family or small business tax returns completed at a fair price 💰

With a few returns already underway, I look forward to our annual meet up. This year will be similar to last year. I will be doing majority of taxes electronically to minimize contact. We can complete your return either via phone, email or porch drop off and pickup. We are also able to do digital or in person contactless signatures. I complete returns for people from coast to coast! 👩‍💼

Send me a message and we will make an arrangement that works for YOU 💻

Businesses: Get help with COVID-19 costs

The Ontario Government is giving grants to help with PPE and rebates for property taxes & energy bills to eligible businesses.
If you are a business operating currently see below if you qualify

https://www.ontario.ca/page/businesses-get-help-covid-19-costs

ontario.ca Find out if your business is eligible for grants to help with the cost of personal protective equipment (PPE) and your property taxes and energy bills. Apply for funding In January 2021, applications will open for the new Ontario Small Business Support Grant.

Fiscal update would boost child benefit and wage subsidy, calls for airline refunds

For families with children under 6 years of age in 2021 the government is proposing an increase in CCB up to $1200 per child for families with a net income up to $120,000. Payments will be broken out in 4 $300 payments. Any family nets income over the $120,000 the credit will be halfed. If/when the legislation passes you will get the first payment followed by April, July and October.

CCB is a non taxable income. Therefore, you do not need to claim this on your tax return and you do not need to apply for this additonal credit.

https://globalnews.ca/news/7492399/fiscal-update-child-benefit-wage-subsidy-airline-refunds/ #:~:text=The%20government%20is%20pitching%20a,child%20under%20six%20in%202021.&text=The%20additional%20support%20would%20come,to%20%24120%2C000%2C%20the%20government%20said.

globalnews.ca Families with kids under six would receive up to an extra $1,200 per child in 2021.

Get Support for Learners

Do you have child under the age of 12? Live in Ontario? You can receive $200 from government funding. It doesnt matter if you child is enrolled in school or daycare. All children are eligible based on their age. Deadline is Feb 8th.

https://www.ontario.ca/page/get-support-learners

It has not been indicated if the money received will be taxable or not.

ontario.ca Learn about one-time funding for parents to help offset costs during the 2020-2021 school year. Find out if you are eligible and how to apply. The deadline to apply is February 8, 2021. Apply now

CRA Update: a Brand-New $500 Tax Break You Can Claim in 2020!

New Tax Credit, could be useful for investors. Take a look!

https://www.fool.ca/2020/06/24/cra-update-a-brand-new-500-tax-break-you-can-claim-in-2020/?source=eedyhoemc0000001&utm_source=yahoo&utm_campaign=CA_All_Articles&utm_content=Articles&utm_medium=rssfeed&lidx=0

fool.ca A new CRA tax credit can help you if you invest in stocks like Shopify Inc (TSX:SHOP)(NYSE:SHOP).

CRA CERB Update: 2020 Just Went From Bad to Worse

CERB update and criteria
https://ca.finance.yahoo.com/news/cra-cerb-2020-just-went-132434757.html

ca.finance.yahoo.com With CERB fraud investigations starting, it is imperative to avoid making a CERB mistake. Consider investing in a dividend-paying stock like BCE Inc. instead.The post CRA CERB Update: 2020 Just Went From Bad to Worse appeared first on The Motley Fool Canada.

Apply for Canada Emergency Response Benefit (CERB) with CRA - Canada.ca

‼Eligibility criteria for CERB has changed:
You can now apply for CERB if you expect to make less then $1000 before taxes or less during the eligibility period
✔seasonal workers
✔people whos EI has run out since January 1st 2020
✔people who are still working but their income has decreased due to Covid-19
**You may be eligible to apply for a previous period, starting March 15 **

Other eligibility criteria to apply to CERB:
✔must be 15 years of age & reside in Canada
✔did not quit their job voluntarily
✔has employement/self employment income of $5000 12 months prior to the application

Link to apply for CERB:
https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

You can also apply by calling 1-800-959-2019 or 1-800-959-2041
-make sure you have SIN number and postal code for verification
-know what period you are applying to

canada.ca Apply for the Canada Emergency Response Benefit (CERB) with the CRA: who is eligible, how to apply, when to apply, and what to expect after applying.

CRA suggested the following guidlines for the best day of the week to apply fro CERB:

If you were born in the month of January, February, or March Apply for CERB on Mondays

If you were born in the month of April, May, or June Apply for CERB on Tuesdays

If you were born in the month of July, August, or September Apply for CERB on Wednesdays

If you were born in the month of October, November, or December Apply for CERB on Thursdays

Any month Fridays, Saturdays, and Sundays

Get support for families

Support for Families in Ontario:

A onetime payment for eligible kids aged 0-12 or 0-21 with special needs. To help cover costs associated with home schooling supplies, etc

If you have already applied for the Support for Parents (payments to assist with costs associated with school labour disruptions), you automatically will receive this and do not need to apply again

https://www.ontario.ca/page/get-support-families?fbclid=IwAR2A-CMYiabIPlMWM26qXwRmj7KaDCopOz4YQE94pne6eUSt0-gBMNwePN0

ontario.ca Learn about funding that families can apply for if they have children who are not in school or child care because of coronavirus (COVID-19). Find out if you are eligible and how to apply.

Apply for Canada Emergency Response Benefit (CERB) with CRA - Canada.ca

Link to apply for CERB

You will also need to have an online CRA my account to register. (Link for that in comments)

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

canada.ca Apply for the Canada Emergency Response Benefit (CERB) with the CRA: who is eligible, how to apply, when to apply, and what to expect after applying.

Support for Businesses During COVID-19

Here is a link to the City of Barrie’s Business Information and Support During COVID-19. It contains information about:

- Latest Federal & Provincial Press Releases
- City Support
- Economic Support & Recovery
- Funding for Businesses
- Local Business Resources.. and more.

https://www.barrie.ca/Doing%20Business/Business-Development/Pages/support-for-business.aspx?fbclid=IwAR0L3TC0kePjaSExqxOEDe0BmwCUizPF7JGfO5kFPze3UntzJBtfALyqn1c

barrie.ca If you are a business able to supply products and services in support of Canada's response to COVID-19, the Federal Government is asking companies complete this form.

Info on application for EI and Candian Emergency Benefit (CERB) due to the Covid-19 quarantine

Simple
Detailed
Easy to Read
Easy to Navigate
Answers many questions
Includes phone numbers and websites canada wide

See comments for link

Update: Tax deadline extended to June 1 and payments due extended to July 31 interest free.

Canadians finding hundreds of dollars in unclaimed cheques on CRA website | CBC News

Worth a read.

Have your received all of your refunds and credits? Check your my account online to find out 👇 I am also here to help!

https://www.cbc.ca/news/canada/toronto/cra-unplaid-cheques-1.5479695?fbclid=IwAR1uZAvdg5mc3vusELY_JRK_-3EbldSGNz_jMgKLquXlmKlzvCXSVOXvIpk

cbc.ca A little-known feature on the Canada Revenue Agency’s website is netting some Canadians hundreds of dollars they are owed from uncashed government cheques.

Tax time: What's changed in Canada for 2019

Changes for the 2019 tax returns:

https://www.ctvnews.ca/business/tax-time-what-s-changed-in-canada-for-2019-1.4295673

ctvnews.ca If you own an Airbnb rental, have a service animal or attend a post-secondary institution, then you may be affected by changes to Canada’s tax code. CTVNews.ca explains what you need to know before you file your return.

🎉Just a reminder tax deadline is April 30th! Let's set up a time to get your taxes completed on budget and on time🎉

This cat sums up what I'm up to 👇

media1.giphy.com

15 ways Federal Budget 2018 will affect your wallet

https://www.google.com/amp/s/www.macleans.ca/politics/ottawa/federal-budget-2018-means-for-you/amp/

moneysense.ca The Federal Budget 2018 didn't have any show-stopping personal finance tidbits but a little something for everyone.

So I did the draw and the video will not upload!!!!! I'm working on it . But the winner for the $100 gift card is Jenna Knuff! I will be in contact with you. Thank you everyone who helped make this tax season a great one! See you next year!