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We Won Milton’s Choice Awards!!

|| September 29, 2016

We are thrilled and honored to receive the GOLD award for the Milton’s Choice Awards. We would like to THANK YOU for voting for us and making us your favourite Accounting Firm. We would not have won this award without your support. Our team will continue to work hard to provide excellent

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2016 Employment Insurance (EI) Maximum Insurable Earnings

|| March 5, 2016

MAXIMUM INSURABLE EARNINGS FOR 2016: On September 24, 2015, the Canada Revenue Agency announced the maximum insurable earnings  and Employment Insurance (EI) premiums for 2016. The rate remains unchanged at 1.88% for employees, and 2.632% (1.4 times of 1.88%) for employers. Contributors who earn more than $50,800 in 2016 are not required or permitted to make

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First time home buyers tax credit

|| January 27, 2016

First-Time Home Buyers’ Tax Credit (This posting is for personal educational purposes only.  Please consult your tax advisor for your specific situation).  Introduction If you have acquired a qualifying home after January 27, 2009, you may be eligible to claim $750 ($5,000 x 15%) First-time Home Buyers’ amount towards

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Universal Child Care Benefit (UCCB)

|| January 13, 2016

Starting July 1, 2016 Universal Child Care Benefit (taxable) and Canada Child Tax Benefit (tax-free) were replaced with Canada Child Benefit (tax-free) The Universal Child Care Benefit (UCCB) program was introduced in 2006 as a taxable benefit to help Canadian families.  By the end of the year 2014, Canada

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Taxpayer relief deadline for 2005 is December 31, 2015

|| December 10, 2015

Canada Revenue Agency allows taxpayer relief for the cancellation or waiver of penalties and interest when taxpayers and registrants (for both GST/HST and non-GST/HST purposes) are unable to meet their tax obligations due to circumstances beyond their control.   Taxpayers and registrants or their authorized representatives can make a taxpayer relief request. Taxpayers and

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