It can be easy to lose track of a piece of paper, or receipts, especially when many documents are floating around. If they don’t have a proper place, you might accidentally toss an essential piece of paper or shove it in a drawer. If you can’t find this receipt at tax time, you may have […]
Five Ways To Organize Your Receipts Read More »
The Government of Canada uses income tax incentives to make clean energy projects more fiscally attractive for businesses. These clean energy tax credits encourage businesses and homeowners to buy, install, and rely on renewable resources like wind, solar, and geothermal energy. How do the clean energy tax credits available work?
How Do Clean Energy Tax Credits Work? Read More »
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!
What Makes Trillium Tax Services So Special? Read More »
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!
Can You Check The Status Of Your Tax Refund? Read More »
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
Why You Should File Your Income Tax By April 30 Read More »
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 »
