Tax Party 2023

On Monday May 1st, 2023, Graham Scott Enns LLP held its annual tax party to celebrate the end of personal tax season. The tax party was held at The Club House located at 100 Kellogg Lane in London, Ontario. Our Partners and staff enjoyed a delicious taco bar meal which was followed up by playing a variety of games including mini golf, bocce ball, ladder toss and cornhole. GSE is very thankful to all of our staff for all of their hard work during personal tax season!

 

Tax Deadline 2023

Friendly reminder that the filing deadline for personal taxes (individuals who are not self-employed) is May 1, 2023 and June 15, 2023 for self-employed individuals.  If you owe income taxes, payments are due on May 1, 2023.  While the filing deadline for self-employed individuals is June 15, 2023, income tax payments should be paid by May 1st, 2023 to avoid incurring interest on income tax balances that are owing.

 

Business as Usual

On April 19, 2023, the Public Service Alliance of Canada entered into a general strike. CRA services may be partially or fully disrupted, or they may not be disrupted at all. For more information about the strike and affected services, please see more information here: https://www.canada.ca/en/revenue-agency/corporate/about-canada-revenue-agency-cra/collective-bargaining/labour-disruptions-impact.html
During this time, services at Graham Scott Enns LLP will continue as usual. The tax deadline has not been extended past the May 1 deadline at this time. Our staff are working diligently to provide our clients with the services expected despite any challenges that we may encounter related to these disruptions.
If you have any questions or concerns regarding your personal taxes, please reach out to your accountant and we would be more than happy to help.

Additional Office Hours – Tax Season 2023

As we get closer to the end of personal tax season, we have added additional office hours to allow our clients to pick up returns or drop off information. In addition to our regular business hours, we will be open as follows:
Saturday April 22nd – 9:00 a.m. to 12:00 p.m.
Wednesday April 26th – open until 7:00 p.m.
Saturday April 29th – 9:00 a.m. to 12:00 p.m.

Special Edition – Underused Housing Tax Newsletter

Highlights In This Issue:

  • This Newsletter is an updated version of the previous Underused Housing Tax (UHT) special released earlier this month.
  • The new Underused Housing Tax (UHT) imposes a 1% annual tax on the value of residential real estate considered to be vacant or underused that is owned on December 31 of each year. The government indicated that the tax would target property owned by non-Canadians; however, the scope of filing requirements extends to many Canadian entities and individuals, including private corporations, and trustees of a trust. The first filings and taxes are due on April 30, 2023.1
  • This summary is intended to be a general guide in determining filing obligations and tax exposure.

Special Edition Underused Housing Tax Newsletter

Tax Tips & Traps – 1st Quarter 2023 – Issue 141

Highlights In This Issue:

  • Tax Tidbits
  • Covid Benefits: Review/Audit Activity
  • Unreported Real Estate Dispositions: Multiple Issues
  • Employee Gifts and Parking: Updated CRA Policies
  • Witnesses For Legal Documents:  Choose them Wisely
  • Canada Dental Benefit:  Support for those with Young Children
  • One-Time Top-Up to the Canada Housing Benefit: Additional Support

Tax Tips and Traps 141, 2023 – 1st Quarter