CRA Filing Updates
As per the CPA Canada website: On March 18, 2020, the federal government released information on tax extensions and other changes that have become necessary due to the COVID-19 crisis. Although this was welcomed news, there is still some uncertainty as the announcement did not provide a comprehensive update on all tax deadlines that are soon approaching. The specific measuresRead the rest of this page »
Tax Season 2020
Just a reminder that the deadline to get your taxes to us (mail, email or drop off to our secure mailbox), to ensure that they are completed by April 30th, is April 23rd. You are still welcome to send in your taxes after the 23rd, however, we cannot guarantee that they will be completed by the April 30th filing deadline.Read the rest of this page »
Beware of CRA Telephone Scam
Recently, a few Homestead Group customers have been contacted by individuals claiming to be from the CRA. These callers are very aggressive and forceful in their claim that unpaid taxes are owing to the CRA and must be paid immediately. They ask you to pay by credit card or pre-paid credit card. Often, they threaten charges, jail or deportation. THESERead the rest of this page »
Tax Filing Deadline 2016
The tax filing deadline is April 30th which falls on a Saturday this year. When the filing date falls on a weekend, CRA typically extends the deadline to the following Monday. CRA has yet to announce this extension, but we will let you as soon as it’s confirmed. But why leave it to the last minute … book anRead the rest of this page »
Review Us on Facebook & Win!
All clients posting a review for The Homestead Group on Facebook, during March and April, will be entered into a draw for a $100 VISA gift card. Don’t delay … post a review now at https://www.facebook.com/homesteadgroupinc.
It’s Tax Time … Again!
Tax season is here! Be sure to set some time aside to start organizing all the slips and receipts that you will need to complete your 2014 tax return. Use our Tax Checklist (located under the Resource tab) to ensure that you have all the necessary paperwork to accurately prepare your return. Once you have all your paperwork together, callRead the rest of this page »
Why Outsourcing Bookkeeping is a Smart Business Decision
Many small business owners are often hesitant to outsource their bookkeeping needs. Outsourcing the tracking of their business income, expenses, and government filings is often viewed as an unnecessary cost. Additionally, they may be uncomfortable giving someone else access to their company’s financial information. These are both valid reasons that give small business owners’ pause, but in reality, outsourcing yourRead the rest of this page »
Corporate (T2) Tax Filing Deadlines
CORPORATE T2 RETURNS Filing Deadline: Six months after your year-end Corporate Returns must be filed no later than six months after the end of each tax year. When the corporation’s tax year ends on the last day of a month, file the return by the last day of the sixth month after the year end date. When the yearRead the rest of this page »
Personal (T1) Tax Filing Deadlines
Clients often get anxious about tax filing deadlines and the possibilities of what that means in the eyes of the Canada Revenue Agency. When that happens, many clients adopt a “head in the sand” position and choose to ignore filing deadlines. As we know from experience, sooner or later, we must face up to the reality of the situation andRead the rest of this page »
Procrastinating on your Tax Return(s)?
The April 30th tax filing deadline for individuals has long since passed, along with the June 15th filing deadline for those individuals with self-employment income. Although, it’s somewhat surprising how many people put off getting their taxes organized and filed on time, the reality is, that it is a pretty common occurrence. For those of you who are procrastinating, hereRead the rest of this page »