One of the most recent policies passed in response to COVID-19 is an amendment to the Employment Standards Act, 2000 (ESA). It requires employers in Ontario to provide their employees with up to three paid sick days if circumstances due to the pandemic force them out of work. The legislation requires that employers give up …
How Does The New 3 Days Paid Sick Leave Affect My HR & Payroll? Read More »
By organizing your files before handing them over to your tax professional, you can simplify and speed up the tax filing process. It will get you that refund faster and might even reduce the chances of being red-flagged for an audit. Showing up to your accountant’s office with a garbage bag full of receipts, documents, …
How To Organize Your Files Before You Give Them To Your Tax Professional Read More »
At Trillium, we analyze finances for many members of our community: small and medium-sized business owners, entrepreneurs, and individuals. We make sure you receive all the tax benefits you are eligible to receive, but that’s not the only thing that makes our tax services special!
If you’re getting a tax refund this year, you probably want to know when to expect it in the mail or your bank account. The Canada Revenue Agency (CRA) has ways you can check the status of your tax refund. Usually, though, you don’t have to wait too long to receive it!
While the pandemic is still changing many aspects of our lives, the income tax filing date is back on schedule. The last date to file is Friday, April 30, and everyone should meet it to avoid late filing fees. Self-employed people and their spouses or common-law partners have until June 15 to file their tax …
More parts of our lives are moving online, including something generally thought of as exclusively pen and paper: signatures. Last year, the Canada Revenue Agency (CRA) did a public consultation on the use of electronic signatures for the next tax season. 92% of those involved in the consultation supported the proposed changes! The CRA listened …
What Are The New Requirements For Electronic Signatures On Tax Return Filing? Read More »
It’s safe to say that there are more home offices than ever, and more Canadian workers are going to navigate their taxes in a whole new way. Employees are only entitled to deduct home office expenses from their income if they had to: maintain a home office where they worked more than 50% of the …
All About Employee Home Office Expenses For 2020 Claims Read More »
Several government wage subsidies are available to businesses hit by the pandemic – navigating these programs and how they impact your taxes this year can be tricky. An accountant can help you receive the government wage subsidies you need to make it through this pandemic and help you when it comes time to include them …
How Can Your Accountant Help With Government Wage Subsidies? Read More »
Creating a monthly household budget can help you reach short-term goals like debt relief, save for long-term goals such as retirement, or make sure that you are on a solid financial footing for the future. What factors go into making a monthly budget for your family? Budgeting can be quite simple, not more than a …
Many Canadians think that tax season doesn’t get into full swing until April, but you don’t have to wait! Get a head start and prepare your tax return early this year, especially if you received any COVID-related benefits last year. 2021 could be one of the more confusing tax seasons in recent memory, but if …
