Dalcourt Accounting

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This is awesome!

https://www.tiktok.com//video/7030184186090802437?_d=secCgwIARCbDRjEFSACKAESPgo8ZENtkhRzA3JDOp%2BDAL%2BtQ0LuYTqyIknZaZ8kPS49ZWiUKhtPLQqM18ACP1QBr7LSKDJtKVBdbSPmvqsdGgA%3D&checksum=47d82efdb5d857412592f9e9a83b9fa433c0777a9ddf9fea0c7326de70e084cd&language=en&preview_pb=0&sec_user_id=MS4wLjABAAAACEHY5xq-Ihu_zh3lP3X-7WxufZ24urwTXOQeoUAaObcWrJMeFXslDpBHW6E-5BCB&share_app_id=1233&share_item_id=7030184186090802437&share_link_id=72BE997B-3E09-4C85-93B3-29D899AF98D4&source=h5_m×tamp=1642077445&tt_from=messenger&u_code=dljkjc6mjgj683&user_id=7031646919316276229&utm_campaign=client_share&utm_medium=ios&utm_source=messenger&_r=1

Nathan Kennedy on TikTok The last bracket baby

https://www.advisor.ca/tax/tax-news/what-the-disability-tax-credit-means-for-eligible-canadians-and-their-families/

What the disability tax credit means for eligible Canadians and their families | Advisor's Edge Qualification is a gateway to additional tax savings

That's a wrap! Huge shout out to the amazing team at Dalcourt Accounting, you were the reason our essential business stayed open through out the pandemic. It has been an extraordinarily difficult year for everyone and we are very grateful for our fantastic clients who supported us while we navigated the last 14 months. We wish that everyone stays safe over the coming months and will continue to assist our community.

Happy Friday!

Today is the deadline for tax returns! If you are a sole proprietor, your return is due June 15th. However, all payments are due today unless you made less than $75,000 and received CERB in 2020.

Thank you to CPA Canada for advocating for accounting firms and tax payers. We cross our fingers that the Government will come through and alleviate some of the strain caused by the pandemic with an extended deadline. Regardless, Dalcourt Accounting will continue to work tirelessly on the frontlines to support our customers. , , , , , , , ,

March 30, 2021

Discussions with the CRA on tax deadline relief continues
We continue to communicate with the CRA on the need for tax deadline relief with a focus on the April 30 deadline for personal tax returns. We also understand that many of you are concerned about the June 30 deadline for corporate tax returns for corporations that have a December 31 year end.

Since our last update on February 23, the IRS has announced extensions in the U.S. and we have heard from more members of small and medium-sized firms that they urgently need help. We are also very concerned about the emerging third wave of the pandemic based on recent statistics and news. We have communicated these concerns to the CRA, plus the hardships we know many of you are facing in respect of your businesses and personal lives.

While communicating the specific issues, we have focused on two key themes. First, the impact of tax deadlines are obviously much different when you are working to help a large group of clients meet their tax obligations compared to a taxpayer meeting their own. Second, our members are an integral part of the Canadian tax system and have been in the front lines helping businesses apply for programs such as the CEWS, the CERS and CEBA, along with the other services they continue to provide to taxpayers. This is a significant undertaking for many firms and it comes at a time when many are operating at a reduced capacity.

2020 was certainly a year to remember! Dalcourt Accounting could not have done it without the patience of our amazing clients and our fabulous staff, who still came in to work every day during the pandemic and worked extra hard to keep our operations running. And while 2021 hasn't begun much better, we continue to stay positive that it will end with family visits, vacations, and parties!

Thank you all.

https://www.youtube.com/watch?v=cjJWHvN81HY

Accountants’ Ode to 2020, We Keep Rollin' VTN presents...The Accountants’ Ode to 2020!Thank you to our supportive and resilient clients, staff and vendors.Thank you to all Canadian accountants for yo...

Great articles on Ontario Personal Real Estate Corporations. Ultimately, these will best benefit high income earning Real Estate Agents who do not need all the money earned from their business every year.

https://thinkaccounting.ca/personal-real-estate-corporations-in-ontario/

UPDATE - Personal Real Estate Corporations (PREC) Permitted in Ontario Personal Real Estate Corporations in Ontario are permitted eff. Oct 1, 2020. This can result in tax deferral opportunity. Check out the post!

The three new COVID benefits - CRB, CRSB, and CRCB, will be subject to 10% withholding tax at source, such that a $500 benefit is $450 net.

We are all very excited to end 2020's tax season today! Do not forget to send in your taxes owing for all 2019 tax returns today. Use the CRA my payment website if you haven't yet.

Thank you to all that voted for Dalcourt Accounting Services as Best Accountant in Barrie! Dalcourt Accounting has now made it to the final voting stage!

Click below to vote for your favourite businesses in Barrie.

https://www.simcoe.com/readerschoice-barrie/categories/people-professionals/subcategories/accountant?fbclid=IwAR3vRIDbYj4MDUYSk_ssURtdfRjds3cynQXj_wZofdac5Jm9ecvymDeF9gM

Readers' Choice Please log in or register with an email address and password first. You can vote for more than one business or person in the same category, but only once per business per category, under your registered email address. First choose any category or search for a business Then vote for all your favourit...

https://www.msn.com/en-ca/money/technology/hackers-targeted-thousands-of-cra-government-service-accounts-in-credential-stuffing-attacks/ar-BB180pBd?ocid=sf2

Hackers targeted thousands of CRA, government service accounts in ‘credential stuffing’ attacks Hackers obtained and attempted to use the GCKey passwords and usernames of 9,041 people, the Treasury Board of Canada Secretariat said in a statement Saturday.

Stay tuned for some changes at Dalcourt Accounting! , , ,

Good news Wednesday - Canada Revenue has extended payment due dates to the end of September 2020.

https://www.canada.ca/en/revenue-agency/news/2020/07/the-canada-revenue-agency-announces-an-extension-to-the-payment-deadline-and-offers-interest-relief-on-outstanding-tax-debts-during-the-covid-19-pa.html

The Canada Revenue Agency announces an extension to the payment deadline and offers interest relief on outstanding tax debts during the COVID-19 pandemic - Canada.ca The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands that individuals and businesses might be dealing with difficulties in meeting their financial obligations, including paying tax debts they may hav...

Big thank you to the anonymous individual who kindly nominated me on Barrie Advance's Readers' Choice Award for Top Accountant and Top Accounting Firm.
You are welcome to click on the link and vote for your favourite local businesses every day!

https://www.simcoe.com/readerschoice-barrie/categories/people-professionals/subcategories/accountant

Readers' Choice Show your appreciation for the businesses, people, and service providers who make our community great. Choose from the list provided or make a suggestion. Come back often and nominate as many times as you like, until July 26th, 2020.

Dalcourt Accounting updated their business hours.

Looks like the senior support payment is scheduled to be deposited early July.

https://www.ctvnews.ca/mobile/politics/seniors-will-have-to-wait-another-month-for-covid-19-aid-payment-1.4969086

Seniors will have to wait another month for COVID-19 aid payment Prime Minister Justin Trudeau said the one-time payment of up to $500 for seniors to offset additional costs from COVID-19 will be delivered the week of July 6.

Dalcourt Accounting has partially opened their doors this week for pick ups and drops offs only while adhering to Covid-19 requirements.

Please feel free to test our new system starting Monday, May 25th.

We hope to resume meetings when more stages are opened in the future.

New tax filing and payment deadlines
The deadline for most individuals to file their 2019 taxes has been extended to June 1, 2020. The deadline to pay amounts owed has also been extended to September 1, 2020. Penalties and interest will not be charged if payments are made by the extended deadlines of September 1, 2020. This includes the late-filing penalty as long as the return is filed by September 1, 2020.

If you, your spouse, or your common-law partner are self-employed, you still have until June 15, 2020, to file your taxes. However, your payment deadline has also been extended to September 1, 2020.

For those who have to pay by instalments, the June 15, 2020, payment due date has also been extended to September 1st. Instalment penalties and interest will not be charged for this payment if it is made by the extended deadline of September 1, 2020.

Great news for families!

https://www.ctvnews.ca/mobile/politics/annual-increase-to-canada-child-benefit-to-come-into-effect-this-summer-1.4942594

Annual increase to Canada child benefit to come into effect this summer The federal government will continue the annual increase of the Canada child benefit (CCB) program this summer, in addition to the one-time special CCB payment announced earlier this month to help families deal with the added pressures of COVID-19.

Great news! If you can't get your taxes completed by June 1st, your GST and CCB payment will continue for a few additional months.

https://www.canada.ca/en/revenue-agency/news/2020/05/benefits-payments-for-eligible-canadians-to-continue-until-fall-2020.html

Benefits payments for eligible Canadians to continue until Fall 2020 - Canada.ca Today, the Honourable Diane Lebouthillier, Minister of National Revenue is announcing that benefit payments will continue for an additional three months for those who are not able to file their 2019 returns on time.

Watch out for incorrect payment dates on your 2019 Notice of Assessments.

https://www.knowledgebureau.com/index.php/site/kbr/incorrect-payment-dates-on-notice-of-assessments?utm_source=Knowledge+Bureau+News+and+Communications&utm_campaign=d7cf2b6a50-EMAIL_CAMPAIGN_2019_03_26_07_09_COPY_01&utm_medium=email&utm_term=0_034531a9c0-d7cf2b6a50-62476123&mc_cid=d7cf2b6a50&mc_eid=3e718c9272

Knowledge Bureau - World Class Financial Education Notice of Assessments received by many Canadians who have filed their 2019 individual tax returns indicate an incorrect payment date of April 30, 2020. However, the extended deadline of September 1 to pay any balances due does still apply.

We are getting many inquires about the legitimacy of the following email from CRA - it is a fake, do not click on the email links.

CRA
Your Income Tax Reminder

April 2020


You are eligible to receive a refund of 520.00 CAD.

You have tax returns for period ending 15 Apr 2019, due 15 Apr 2020, now available for refund!

Remember: We tried to send it to you automatically but were unable to do so as we don't have your details on file.
Ready to refund it now?

Have your credit/debit card ready.

Open the application form below in your browser and login to your myIR account.

Follow the instructions on your screen.
Remember, If you are not the intended recipient of this email, please reply to inform us that you have received this email in error and then delete it without retaining any copy.

Note: Make sure all your income, benefits and family details are up to date in myIR, this will help make sure you're getting the right entitlements.
Your Summary
Issuing number: 8122612218120

Issuing date: April 15, 2020

CRA number: NZ-0113228457NUWH

Payment method: CRA Online
To get Started
Please take few moments to complete this quick refund form.

To start, please visit our website below:

https://www.canada.ca/overpayments/.com

After completing it, please submit the form on your screen and allow us
from 1 up to 5 business days for processing.

------------------------------------------------------------------------------------------------
You may wish to save or print this email confirmation for your records.
------------------------------------------------------------------------------------------------

Sean McBride
The Customer Services Team

Not Found - Canada.ca We're sorry you ended up here. Sometimes a page gets moved or deleted, but hopefully we can help you find what you're looking for. What next?

https://twitter.com/CanRevAgency/status/1249714073484300288?s=19

Canada Revenue Agency on Twitter “Reminder! Born in January, February or March? You can now apply for the 2nd period of the (April 12th to May 9th). If you haven’t applied for the first period, you can still apply. Find out more ➡️ https://t.co/j65AFIrsA9 ”

Found this interesting chart that does a decent job of breaking out benefits for business owners.

Salaried Sally and Dividend David are both Corporation owners.

The biggest issue we are seeing is for Sole-Proprietors as they don't receive a 75% wage subsidy like salaried Corporation owners. And if their payroll is under $50,000, they do not qualify for the $40,000 loan.

If you're applying for CERB payments this week, remember to apply based on the month of your birth.

Great post from Dalcourt Accounting's business partner, Catherine Barrie, CPA. Here at Dalcourt Accounting CPA and Catherine Barrie, CPA, we continue to do our best to serve our customers during the Covid-19 Pandemic. We appreciate the patience our clients have offered while we try to accommodate the needs of our customers, staff, and community as a whole. Wishing everyone a safe tax season.

http://www.canadian-accountant.com/content/practice/coronavirus-accountants-series-part-four-sole-practitioners

Coronavirus & accountants series, part four: Sole practitioners Sole practitioners are profiled in a series on how Canadian accounting firms are challenged by coronavirus.

Great information from Patch Design on how to work from home efficiently

Really important for low-income and parents of children under 18.

For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.

However, the Agency encourages individuals who expect to receive benefits under the GST or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.

The Canada Revenue Agency has reopened today, tax season 2019 has begun!

Happy Halloween from Dalcourt Accounting! What are your children or you dressing as under winter and rain coats tonight?

Dalcourt Accounting is proudly cheering for the Raptors tonight!

10:09pm and we are heading home! 2018 tax year is completed! Big shout out to the best staff we could ask for; it would never have been so smooth without our amazing team, Catherine Barrie, Krista Dalcourt, Stephanie Hunt, Renee Brown, Lisa Faithfull, Justin Cu***ng, and Mike Cu***ng. Here's to a fabulous 2019!

Less than 14 hours to get your returns completed today! ,

CRA is down today still! We are running a bit slow, but not stopping!
https://toronto.citynews.ca/2019/03/25/canada-revenue-agency-down/

Canada Revenue Agency apologizes as online services go down The Canada Revenue Agency says its online systems have gone down and it isn’t saying when they will be back. The agency is apologizing in a tweet for the cut in services this morning, saying officials are looking into the “technical issues.” Some Twitter users say the agency’s services appea...