That's a wrap on our 2024 tax season. Our office is now closed and will re-open on May 6 for clients who still need to file. Stay tuned as Sharon is taking the train from TO to Van during this time and might just share some photos along the way. #AskaCPA #FileOnTime #TaxSeason

Claiming a home office deduction? Must be more than 50% from home OR an exclusive area used for regular meetings on a continuous basis. i.e. 5-25 mtgs/wk. The expenses are a percentage based on square footage, common areas not included. #HomeOffice #AskaCPA #FileOnTime #Tax #CRA

First year filing your taxes? Increased safeguards have been put in place to protect taxpayers. Your tax info must match exactly to your SIN info. #AskaCPA #FileOnTime #PayOnTime #Tax #CRA #April30 #FirstJob

Many Canadians seem to think their taxes are due April 15 which is the due date for our neighbours down south. Luckily for us, you have an extra 15 days. Have you filed your taxes yet? #FileOnTime #PayOnTime #AskaCPA #Tax #CRA

Did you sell your home that was owned less than 1 year? Unless exemption applies, the #PropertyFlipping federal tax will apply for 2023. Note this is in addition to BC's Property Flipping tax that takes effect in 2025. #AskaCPA #FileOnTime #PayOnTime #Tax #CRA #BCBudget2024

NEW to 2023 taxes. Did you open a First Home Savings Account? Remember to include the slip when filing your taxes. #AskaCPA #FileOnTime #PayOnTime #FHSA #HomeBuyer #FirstHome #SavingForAHome

Reminder if you renovated your home with a secondary suite to have a multigenerational home, you could be eligible to claim a credit of up to $50,000 on your taxes. #AskaCPA #FileOnTime #Tax #CRA #Multigeneration #Reno

If that is the case and something is missed, the penalties and interest will be your responsibility, not theirs. Proceed with caution is my recommendation. #AskACPA #FileOnTime #PayOnTime #Tax #CRA 2/2

CRA is inviting some individuals to file taxes using SimpleFile by Phone (formerly File My Return). If you receive an invitation, keep in mind that CRA does not know when your situation changes and may not have all the information. #FileOnTime #PayOnTime #AskaCPA #Tax #CRA 1/2

NEW!!! A tax credit for BC'ers paying rent is new and is claimed on your 2023 tax return. Check out the details to see if you qualify. ow.ly/qLMS50QSHRG #AskaCPA #FileOnTime #PayOnTime #CRA #Tax #Refund #BCRenters

Renovated your home to make it more accessible? Some of the expenses might be eligible to claim on your taxes. #AskaCPA #FileOnTime #CRA #Tax #DTC #Visible #Invisible #Accessibility

Do you claim employment expenses on your taxes? T2200 has a new look for 2023. Make sure you are using the right version or CRA may not accept it. #AskaCPA #Tax #CRA #T2200 #EmploymentExpenses #HomeOffice #Vehicle #WorkFromHome #FileOnTime

New to 2023 Personal Taxes. Direct deposit not setup? Your cheque will not come with your NOA. Setup direct deposit through your CRA MyAccount and make your life easier. #AskACPA #FileOnTime #PayOnTime #Tax #CRA

Attendant care and care in a facility are eligible medical expenses. Checkout what you can claim. ow.ly/hqmg50QMUXJ #AskaCPA #Tax #CRA #DisabilityTaxCredit #DTC #AttendantCare #NursingHome #FileOnTime

The BC Budget for 2024 has recently been published. How does it affect you? ow.ly/O2oI50QSI6A #AskaCPA #HouseFlipping #PropertyFlipping #PropertyTransferTax #EHT #BCBudget2024

Applying for Disability Tax Credit? Online is quick. Complete your part and it will create a reference number for your medical practitioner to then complete theirs. ow.ly/GfQT50QMVgM #AskaCPA #DTC #DisabilityTaxCredit #Tax #CRA #InvisibleDisability #VisibleDisability

Existing clients only! Today is the LAST day to get your tax documents in for our guarantee that we will complete before the April 30th deadline. Uploads received until 11:59PM will be guaranteed. #AskaCPA #FileOnTime #T1 #Tax #TaxSeason

Reminder that children’s clothing & footwear are PST exempt when buying adult sizes for children under 15 in BC. The exemption has recently been updated to include baby blankets, bibs, bunting bags, cloth diapers and diaper liners. ow.ly/bCFp50QSHCc #AskaCPA #PSTExemption

#FeatureFriday social series. 💜 Bobbi Crandall started around the same time I became an Accountant. Commercial office & retail leasing/sales are her passion but also fantastic with residential. Many staff and clients rave about working with her too. #AskaCPA #FileOnTime

Came across the Retirement Hub website for planning CPP early and a Canadian retirement income calculator. Thinking about retiring one day? Check it out. canada.ca/en/services/be… #AskaCPA #Retirement #Snowbirds #CPP #FinancialPlanning