Sharon Perry, CPA, CA @sjperryCA
Champion of Community & Small Business | Accounting & Tax Wizard | QBO Master | Big Community Supporter 💜 | Loudest & Proudest Mom 👩🏽🎓 🏀 🏐 📚 🥁 sharonperry.ca Coquitlam, BC, Canada Joined March 2011-
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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
#FeatureFriday social series. 💜 With two neighbourhood cafes in Port Moody & Coquitlam, @caffedivano is a great spot to meet up. Incredible sandwiches to go with their coffees plus their baked goods are supplied by @gabiandjules. Check them out! #ConnectionsAreMadeHere
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
PSA: your accountant is working as hard as they can to get your taxes done. If you call the office and leave a message, we will get it. You do not need to also email us, call our cell, and then text us. We get it. We're not ignoring you. (Well, now we are, but we weren't before.)
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
Economic success, Trudeau style. The problem is of course that the unprecedented growth in public service jobs is financed by the private sector which has been in decline under Trudeau. As the Bank of Canada says, it's time to break the glass. #cdnpoli
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
#FeatureFriday social series. 💜 "Here for every stage" is what @bumpphysio is all about, taking a holistic & inclusive approach to pelvic health. Lacey is inspiring change with socially taboo topics. The Pilates Physio has personally helped me w my breast cancer recovery too.
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
SHARE Society @SHARESociety
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19K Followers 716 Following Pioneering the CPA firm owner landscape. I also make YouTube videos :) YT: https://t.co/oXYIMA0U2o@taxchic_k We decided to make the discovery fee non refundable and not credited to future invoices.
I try not to get political on here, but there's something I want to try and clear up regarding the recent tax changes First off, reasonable people can have disagreements on appropriate levels of taxation However, a false narrative has emerged that the changes will only affect…
@andreacpa0 “The more work you turn down, the more successful you become -Michael Scott” -DVC
every time i turn down work, i'm pretty certain that is the last work offer i will ever receive, my business will completely dry up, and i will never be paid for my services again. ever. im fine
No subs version of my recent G&M article. At the end of the article I explained how those aged 65 to 71 could use an empty RRIF as a flow-through, to convert RRSP withdrawals into eligible pension income, without having any forced minimum RRIF withdrawal requirements.
Are you retired and considering withdrawing from your RRSP to fund your lifestyle or as part of a lifelong tax-averaging plan? @AaronHectorCFP, Private Wealth Advisor, Financial Planner shares advantages to withdrawing from a RRIF in this article he wrote for @globeandmail.
I feel compelled to explain that there is no $250k capital gains exemption for gains incurred inside a corporation. The $250k is only for individuals. The number of people telling me I'm wrong because they didn't know of this is making my head hurt.
Incorporated professionals got hit hard in yesterday's budget. The biggest impact for many will be the increase in the capital gains inclusion rate for every dollar of capital gains in their corporation. Let's look at the math to see how bad it is.
@vancolour The issue of NCR individuals being able to change their name has been raised by me and others to every B.C. Premier and AG since 2015 when “the Greyhound bus killer” Vincent Li changed his name to William Baker. Never once was it suggested the new name would not be shared.
Best of luck to Mike de Jong as he seeks the @CPC_HQ nomination to continue representing his community, now at the federal level!
@DrWesleyBlock @trevortombe Just looked into it and no, it's exempt from tax in Canada. Also, this is hilarious and I didn't know this
Does the Canada Pension Plan (CPP) have to pay capital gains on its investments? @MarkMcGrathCFP @trevortombe
“The median family income in B.C. is $99,610, according to recent government statistics. For a family of four, the rebates disappear when they make more than $94,845. Those numbers mean the average family in B.C. won’t see a cent back from the provincial government,” #bcpoli…
BC Review Board DENIES 3x child killer Schoenborn's lawyer Gill's request to delay the hearing due to the Chair giving him "dagger eyes". Here we go! #bcpoli
In happier days. Where has the love gone? #cdnpoli
@Bzubyk David Eby needs a spine! Maybe he can join Dorothy, the scarecrow and the others on their search for the wizard!!
I'm a little surprised that David Eby hasn't stood up for BC's tech sector against the Trudeau budget despite the fact that it has remained one of the very few economic bright spots in the province. #bcpoli
@seattle_tax I remember taking Marketing in college (I was majoring in Accounting) and the marketing professor said “computer programs will take over accounting jobs”. That was 1992. 😂 (at the time it freaked me out and I considered changing majors).
Probably the silliest thing you can do right after 4/15 is tell a bunch of tax accountants that AI is going to take their job. They’ll have that thing boxed up with the proper amount of postage and no return label before you can even finish the sentence.
@seattle_tax Those tweets are just irritating. My clients understand there’s complexity to their returns and there are things we need to talk about regarding their taxes and planning. There’s too much of a human touch. I know it will evolve as AI will evolve with every industry.
It should be illegal for someone who has committed such heinous crimes & is so dangerous to change their name. Period. End of story. This is complete garbage - only a system that puts offenders first would offer them an opportunity to hide their actions. Needs to change and now!
B.C. child-killer Allan Schoenborn has changed his name but doesn't want his new identity made public. READ MORE: trib.al/OVndI2q trib.al/OVndI2q
You were a proud Canadian, you studied hard, worked hard at your career, raised a family, paid off your morgage and other debts, you gave to Charity and paid your taxes, you even managed to save for a little nestegg, you thought you did everything right. Another Canadian on…