Tax | Page 6 | Graham Scott Enns

Canada’s COVID-19 Economic Response Plan

Posted on March 20, 2020, Updated: March 20, 2020 by Lisa Johnson | Posted in Accounting, Community, Tax

It was announced that The Government of Canada has made some significant moves in their attempt to help Canadians during this outbreak.

Graham Scott Enns would like to draw your attention to the following document published by Video Tax News regarding some of the changes that have a specific impact on taxpayers.

Areas of interest include:

Individuals

Businesses

Other Filings and Administration

Financial Assistance

Closing & Webpages to Monitor

Key Points Canada’s COVID-19 Economic Response Plan March 18 2020

Year-End Tax Planning Document & 2019 Personal Income Tax Return Checklist

Posted on December 9, 2019 by Lisa Johnson | Posted in Tax

Please review the year-end tax planning document below for tips.

2019 YE Tax Planning Doc – TTT

The 2019 personal income tax return checklist has valuable information for all clients.

2019 Personal Income Tax Return Checklist

Tax Tips & Traps – 4th Quarter – Issue 128

Posted on October 17, 2019 by Lisa Johnson | Posted in Tax

Tax Ticklers
Taxable Benefit: Parking Pass
Property Flipping: Income or Capital?
Unclaimed Bank Deposits or Property: Could Christmas Come Early?
Protecting Your Tax Information: Comments from CRA
Loan From A Sibling’s Corporation: Is It Taxable?
Employment Expenses: Commuting?
Trusts For Disabled Beneficiaries: Good News!

Tax Tips and Traps 128, 2019 – 4th Quarter

Tax Tips & Traps – 3rd Quarter – Issue 127

Posted on August 16, 2019 by Lisa Johnson | Posted in Tax

Tax Ticklers
Special Work Site Allowance: Home Base Needed
Reimbursement for Work Clothing: Taxable
Zero-Emission Vehicles: Personal and Corporate Incentives
Anxiety, Depression & Phobias: Disability Tax Credit
Workers Compensation: Replacement Payouts by Employer
Demand For Client Information: CRA’s Abilities
Tracking of Ownership Information Changes: Canada Business Corporations Act

Tax Tips & Traps Issue 127, 3rd Quarter 2019

Tax Tips & Traps – 2nd Quarter – Issue 126

Posted on May 16, 2019 by Lisa Johnson | Posted in Tax

Tax Ticklers
Home Buyers’ Plan (HBP): Enhanced Possibilities
First-Time Home Buyer Incentive: New Possibility
Sauna & Hydrotherapy Pool: Medical Expense Tax Credit
Video Legacy: What Message Am I Leaving?
Old Age Security (OAS) Deferral: Opting Out Retroactively
GST/HST New Housing Rebate: Meeting The Conditions
Shared Custody Of A Child: The “Equal or Near Equal” Issue

Tax Tips and Traps 126, 2019 – 2nd Quarter

Tax Tips & Traps 1st Quarter – Issue 125

Posted on January 15, 2019 by Lisa Johnson | Posted in Tax

Highlights:

Tax Ticklers
Childcare Costs: Art, Sport and Educational Camps
Travel Expenses: Home to Work Site
Hacked Customer Data: Federal Reporting Requirements
Accelerated Depreciation: Federal Fall Economic Update Changes
Federal Carbon Tax: Costs and Rebates
Canada Pension Plan (CPP) Changes: Costs and Benefits are Increasing

Tax Tips and Traps Issue 125 – 1st Quarter 2019

Year-End Tax Planning & 2018 Personal Income Tax Return Checklist

Posted on December 5, 2018 by Lisa Johnson | Posted in Tax

Please review the year-end tax planning document below for tips.

2018 YE Tax Planning Doc

The 2018 personal income tax return checklist has valuable information for all clients.

2018 Personal Income Tax Return Checklist

2018 Federal Fall Economic Statement “Investing in Middle Class Jobs”

Posted on November 22, 2018 by Jim Frederick | Posted in Tax

The Federal Government released the Fall Economic Statement including certain tax measures to increase the write off for capital assets acquired. Full details are included in the following attachment:

2018 – Federal economic update – November 21, 2018

2018 Ontario Economic Outlook and Fiscal Review

Posted on November 16, 2018 by Jim Frederick | Posted in News, Tax

Tax information included in the information released by the Ontario Government November 15, 2018 can be found in the following document:

2018 – Ontario economic update – November 16, 2018

Tax Tips & Traps 4th Quarter – Issue 124

Posted on October 16, 2018 by Lisa Johnson | Posted in Tax

Highlights:

Tax Ticklers
Retaining Employment Insurance (EI) Benefits: Starting Part-Time Work
Director’s Liability: Helping Out Family
Tax On Split Income (TOSI): Can I Take a Salary Instead of a Dividend?
Active Business vs. Property Income: Music Royalties
Contractor vs. Employee: Agreement on Contractor Status Is Not Enough
Divorce Settlement: Family Business

Tax Tips and Traps 124, 2018 – 4th Quarter