Helping Businesses Keep their Workers To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy…
News
COVID-19 Update
The personal tax filing deadline has been extended to June 1, 2020. The tax payment deadline has been extended to August 31, 2020. This is the tax payment deadline for all personal and corporate income taxes. My current understanding is this does not apply to payroll source deductions and GST payments. This Friday, March 20,…
Filing dates, electronic sigs, tax payment deferrals
Flexibility for TaxpayersIn order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts. For individuals (other than trusts), the return filing due date will be deferred until June 1,…
Corona virus precautions
Due to the risks associated with the corona virus, COVID19, we have taken the precaution to limit personal contact as much as possible. While the office will be open regular hours, I will be working from home, and will be in the office on Mondays and Fridays for client appointments. I encourage you to use…
Corona virus precaution
NOTE: Due to potential health concerns, we are offering our clients the convenience of using our secured email portal to send and receive tax information. Check out the “Client Portal” tab and click on the e-Courier logo to setup your free secured email account. Contact our office if you have any questions.
IRS Eliminates Form 3520 Reporting for Canadian RESPs RDSPs and Certain Other Foreign Trusts
Received this notice from ‘THE BRUNTON, STRACHAN & KHAN CPA FIRM, CHARTERED, 4710 NW BOCA RATON BLVD., SUITE #101, BOCA RATON, FL 33431’U.S. citizens and residents1 are generally required to file IRS Form 3520 to report their ownership of, or transactions with, foreign trusts2. The potential penalty for noncompliance is the greater of US $10,000, 35% of the amount contributed to, or distributed from,…
I am moving and joining Holtzman Hunter-Moffatt LLP, Chartered Professional Accountants
I am pleased to announce that I will be joining the firm of Holtzman Hunter-Moffatt LLP, Chartered Professional Accountants, effective February 1, 2020, at Suite 102, 150 Chippewa Road. https://www.holtzmanllp.com/contact_us.html Most importantly, I want to assure you that you will continue to receive reliable and timely accounting services in the years ahead. I am not…
Tips and gratuities
IntroductionEmployer responsibilitiesIs income from tips and gratuities part of an employee’s pensionable or insurable earnings, or both?Controlled tipsDirect tipsDeclared tips (in the province of Quebec only)More informationLegislative references Introduction This article is for employers and their employees who receive tips and gratuities. It explains how to treat tips and gratuities for purposes of the Canada…
Merry Christmas and a Prosperous 2019
To all our Clients, May hope, peace and joy surround you and your family, and may you experience God’s grace and the blessing of the incarnation of our Saviour. May you also experience the Lord’s blessing in the New Year. Our office will be closed from December 24, 2018 to January 1, 2019.
Stephanie van Leeuwen
We wish Stephanie success in the next step in her pursuit of a CPA designation. Effective November 23, 2018, Stephanie is no longer with our firm. We thank her for her diligent work in the last few years.