Official Blog - Tax Tips - Canadians | CLaTAX
Need Help With Rent? Here is How You Can Receive a One Time Payment of $500
Are you struggling to keep up with your rent payments? Don't worry, the Canadian government has a great opportunity for you! The one-time top up to the Canada Housing Benefit is here to help low-income renters with their cost of renting. This incredible offer provides a tax-free one-time payment of $500 - giving you much needed relief from costly rents. All you need to do is make sure that your income and rental amount meet certain criteria before applying! Applying is simple - just fill out an
Canadians Can Now Get $650 in Dental Benefits for Kids under 12
The Canadian government established an interim Canada Dental Benefit for kids under 12. Applications are now open.
Accounting and Tax Services for Small Businesses
We're an accounting firm that helps small business owners take care of their finances. Our team has worked with entrepreneurs all over Canada for more than 11 years. Payroll Management If you run a small business, it's likely that you need help with managing your payroll . So, we help small businesses in Canada with their payroll processing. If you look for an trustworthy payroll service provider in Canada, your search should end with CLaTAX. We'll take care of everything, from making your pay s
Three Brand-New Tax Breaks for all Canadians
All Canadians can benefit from three things thanks to the Canada Revenue Agency (CRA).
Cloud Accounting Professionals - What They Do, How Much They Charge, And Where To Find Them
There are many things to think about when choosing an accountant, like making sure they know your industry and asking if they will work directly with you or a third party. CLaTAX is a reliable accounting firm where professionals work in the cloud and serve both small and large businesses in Canada. What Are Cloud Accounting Professionals? Cloud accounting professionals are accountants who work remotely using cloud computing technology. These professionals use software such as QuickBooks Online,
Tax Risk Management for Canadian Businesses
Tax Risk Management for Canadian Businesses - Get expert advice on managing your tax risks. Understand the basics of Canada's Income Tax System. If you have a basic understanding of Canada's income tax system, you will have a better understanding of the types of taxes you are required to pay and when those taxes are due. You will also find out what the Canadian government has said about its tax policies and how to lower the amount of tax you owe by taking advantage of tax credits and deductions.
How to respond to a CRA enquiry about your child benefit?
Why CRA review your child benefit? When the Canada Revenue Agency advises you that your child benefit is being examined, they are doing so only for the purpose of ensuring that you receive the right amount of child benefits and credits. It is essential that you have a clear understanding that an audit and a review are not the same thing. There is nothing the Canada Revenue Agency (CRA) is going to look into concerning your child benefit that could affect you personally. The CRA typically consid
Canadian Personal Tax Preparation Checklist: 2022-2023
Plan beforehand so that you can file your taxes easily. A thorough checklist can help you keep track of potential tax deductions and maximize your tax savings. We've put together a comprehensive tax preparation checklist to make sure you don't forget anything when you file your 2022 income tax return. Get started by checking out our checklist before the end of year. What documents do you need to file your 2022 income tax return? Tax Slips for Income Receipts for Expenses If You Own Person
Payroll Service Provider
What Is Payroll? Payroll is an accounting system used by employers to pay their employees. It includes information about wages, taxes, benefits, and other payroll related items. Payroll is an important part of any business. This article will explain how payroll works in detail. The Basics of Payroll Accounting. A payroll system tracks employee data such as name, address, social security number, salary, tax withholding, and more. Employers use this information to calculate and record payments to
Deadline to File 2022 Personal Income Tax Return in Canada
When is the First Day to File Taxes for 2022? Canadian personal income tax returns for the year 2022 will be open for filing starting on February 20, 2023. When is the Deadline to File Taxes for 2022? The Canada Revenue Agency has strict due dates for tax returns and payments. If you file your personal tax return on time, you won't have to pay any interest or penalties, and you'll get your refund faster. If you do your taxes on time, benefits and credits won't be held up. So, one of the most imp