Jacoby & Games CPA Client Information for 2024

Personal Tax Deadlines March 14, 2025 for personal tax documents to our office (including sole proprietors) April 10, 2025 for those with investments. For information about what to send us please see the personal tax checklist. How to Get Your Documents to Us Electronically via the Client Portal Drop off your documents at our office. Please note that you MUST pick them up. Please send ONE package and include a note telling us how you…

Post published:February 11, 2025
Post category:Business – Taxes Charities Contractor Corporate Taxes Educational Taxes Individual – Taxes Personal Taxes Retirement Special Interest Tax Planning

Crowdfunding: Taxable or Not?

A June 2, 2022 Technical Interpretation discussed the taxability of funds received through crowdfunding campaigns. CRA first noted that amounts received through a crowdfunding arrangement could represent loans, capital contributions, gifts, income or a combination of two or more of these. This means that the funds received could be taxable (such as business income) or not (such as a windfall, gift or voluntary payment). As the terms and conditions for each campaign vary greatly, the…

Post published:October 27, 2022
Post category:Charities Individual – Taxes Personal Taxes Special Interest Tax Planning

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