Quick Tips: What is a T4RSP? Transfer your RRSP.
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Get a Free Tax Return using the CRA's Community Volunteer Income Tax Program
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: What is a Notice of Assessment / Notice of Reassessment from the Canada Revenue Agency (CRA)?
In this video Arielle from Fix My Books will be teaching you the difference between:
1. Express Notice of Assessment
2. Notice of Assessment
3. Notice of Reassessment
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: T1 vs. T2 Vs. T3 vs. T4 - What's the difference?
In this video Arielle from Fix My Books will be teaching you guys the difference between a T1, T2, T3 and T4.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Top 5 Problems During Tax Season of Individuals (Personal Tax)
In this video, Arielle from Fix My Books will be giving you an overview of the Top 5 Problems Individuals encounter during Tax Season!
Common Tax Deductions and Tax Credits for 2021 T1 Individual Tax Returns
Canada is in tax season again, and you are probably worried about filing your 2021 T1 personal taxes. Fix My Books has listed out some of most common deductions and credits that people miss when filing.
Alone, these deductions and credits may not add up to much, but if you have several they can make a big difference to your year end tax bill.
Guide to Ontario Staycation Tax Credit
The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19covid 19 pandemic.
Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.
The credit will provide an estimated $270 million in support to about 1.85 million Ontario families.
How to: Claim Home Office Expenses as an Employee T2200s and T777s
In this video Arielle from Fix My Books will be giving you an overview of how to claim home office expenses as an employee using a T2200s and T777s.
This will cover topics such as Eligibility, what forms to file with the CRA, what forms your employer needs to fill out as well as what you can and cannot claim on your T1 Tax Return.