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…
In a recent Tax Tip, CRA stated that an acceptable receipt for income tax purposes must contain all of the following: the date of the purchase; the name and address of the seller; the name and address of the buyer; the full description of the goods or services purchased; and the vendor’s business number if the vendor is a GST/HST registrant. Credit card statements are not generally acceptable unless they contain all the above information.…
On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate provides a 36% rebate of the GST component of the price paid by landlords to construct, or purchase newly constructed, rental property. The existing rebate begins to be phased out for properties valued at over $350,000 and is eliminated at $450,000. The proposal would increase the rebate from 36% to…
