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.

Arielle immigrated to Canada, from Hong Kong, with her husband while changing careers from HR to bookkeeping. After working for minimum wage for another firm, she set off on her own and now runs a five-figure monthly income that employs three bookkeepers.

Learn how Arielle:

• Applied for more than 200 jobs on freelance websites before landing her first client;

• Scaled past 15 clients thanks to Client Hub’s all-in-one practice management solution; and

• Grew quickly and now has a waitlist without spending a penny on advertising

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.

In this video Arielle from Fix My Books will be showing you how to record an HST Refund after the HST return has been filed with the Canada Revenue Agency.

In this video, Arielle from Fix My Books will be giving you an overview of the most common HST Error that happens in Quickbooks Online: The HST return and the GST/HST Payable amount on the balance sheet are not matching. I will show you what is causing the error, how to find the error quickly and how to fix it in Quickbooks.

This is very common with Ecommerce Sellers on Shopify, Amazon & Etsy who use A2X to publish their Sales to Quickbooks Online. The error usually happens when you forget to tag the HST line on the Journal Entry of A2X.

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.

In this video Arielle from Fix My Books will be giving you guys an overview of the top 5 questions to ask before hiring a bookkeeper for your business. This will cover topics such as: Accounting Software, Education & Credentials, Expertise, Scope of Services & Billing as well as Client-focused questions to make your working relationship work better!

Bookkeeping fees are priced based on the scope of work, volume of transactions and the complexity of work involved. In this video Fix My Books will be giving you an overview of the top 5 ways to lower your bookkeeping and accounting fees, and how these points impact your accounting fees.

Fix My Books will be giving an overview of how to record PayPal Sales in Quickbooks Online.

Fix My Books will be giving you an overview of how to record your business car purchase using Quickbooks Online.

In this video, Arielle from Fix My Books will be giving you an overview of the three types of 0% Sales Tax in Quickbooks. The differences between Zero-rated, Exempt and Out of Scope and how these affect your Sales Tax (HST) Return. She will also show you how to properly enter Meals & Entertainment expenses where you can only claim half of the ITC's (Input Tax Credits).

In this video Arielle will be giving you guys an overview of how to maximize your tax savings by using an Health Spending Account (HSA), the different HSA Requirements for Sole Proprietorships and Corporations and what medical expenses you can claim on your HSA.

In this video Arielle will be giving you guys an overview of the pros and cons of Sole Proprietorships and Corporations in Canada, which business structure would be better suited to your personal situation and some things you should consider before making a decision.

In this video Arielle will be giving you guys an overview of how to pay yourself a business owner, whether you should do it through Salaries or Dividends. The pros and cons of Salaries vs. Dividends, how this affects your RRSP Contribution room and some things you should consider before making a decision.

It can be a stressful time for most small business owners and it’s easy to let business deductions slip through the cracks, so here’s a cheat sheet for small business deductions.

In this video, Arielle from Fix My Books, will be giving you guys an overview of how a shareholder loan functions, what happens when a business owner takes money out of the company, gives the money company or decides to take dividends.

In this video, Arielle from Fix My Books, will show you how to file your GST/HST Return and Remit taxes the CRA. This video is an update from a prior video and has been updated for 2021.

In this video, Arielle from Fix My Books, will be teaching you how to migrate to Quickbooks Online from a different accounting software by entering opening balances from the balance sheet.

In this video, Arielle from Fix My Books, will be teaching you what an Income Statement is, why you need it, and how it can help you understand your business's performance and help you make better business decisions.

In this video, Arielle from Fix My Books, will be teaching you how to start a business in Canada. This includes how to register your business, get a business number from the CRA, and other steps to make sure you are setup correctly from the beginning.