Canada’s $82B economic response to Covid-19

The Government of Canada announced an additional $82B COVID19 Phase 1 response package (March 18, 2020) Some of the economic measures including: Extending the income tax filing deadline. For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.  However, the Agency encourages individuals who expect to receive benefits …

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6 Big Mistakes that Small Business Owners Make that Can Lead to Struggle and Failure

In business, ignorance is not bliss. In the last three years of running my own business consulting practice and 20 years of advising small business owners, I’ve seen a trend of “mistakes” or challenges that small business owners face that cause them to struggle, and can lead to financial failure…these are mistakes I’ve made in …

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Simple Steps to Start Organizing Your Business Finances

In Canada, the tax filing deadline for self-employed individuals and their spouse is June 15 (but taxes payable are due April 30th).   The biggest reason I get for clients deferring to the last minute to file (or filing late) is the lack of organization of their receipts.  Here are some tips to get you organized and tracking …

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Get Unstressed – Organization tips to get you ready to file your taxes

I hear it all the time – people STRESS about their taxes and getting their taxes done.  Here are some tips to get you ready for your 2017 tax returns and reduce your tax preparer fees, as well as reduce your stress levels, knowing you’re prepared: 1 – Gather all your tax slips in one …

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What’s new in tax for your 2017 personal tax returns

It’s that time of year again – personal tax season!   Now, there are a few things you should be aware of that may affect your 2017 tax returns…here’s a quick summary (this update is for general information purposes.  Please speak to your tax advisors for specifics regarding your personal situation): RRSP Contributions – The deadline …

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