ESS spells T-R-O-U-B-L-E with the CRA

October 10th, 2013|Uncategorized|

The CRA is zeroing in on the use of electronic suppression of sales (ESS) software. The sales record and tax zapping software is generally loaded onto a USB device that is plugged into a Point of Sale computer.  When activated it falsifies sales records, allowing sales taxes to be dodged.  Oddly enough, the CRA takes [...]

Medical Expenses: are you claiming all you can?

September 12th, 2013|Uncategorized|

Having to go for medical treatments can be stressful AND expensive! It is possible to claim expenses like mileage, parking, meals and hotels IF you have to travel a minimum of 40 kilometres (direct route-one way) from your home for each treatment. (so your round trip each time would have to be a minimum of [...]

Changing your Address

September 11th, 2013|Uncategorized|

So, you go through all the craziness of a move...then you have to do the address changes. It's surprising how many places you have to notify!  Banks, credit card companies, utilities...the list goes on and on. You also have to notify the CRA (which many people do at tax time when they file their return). [...]

Tax Tip Videos from CRA

September 10th, 2013|Uncategorized|

Click on this LINK to a series of videos prepared by the CRA that may help you with your tax preparation this year.

Tax Installment September deadline

September 3rd, 2013|Uncategorized|

By now you should have received your tax installment remittance vouchers from Revenue Canada. If your financial situation is unchanged since last year, you can pay the amount requested by the date indicated on the voucher. If your financial situation has changed, then the amount you should remit may have also changed. Take a moment [...]

Corporate Tax Deadline reminder

September 3rd, 2013|Uncategorized|

Hey corporate clients!  Just a friendly reminder from BKA that your corporate tax return due date is 6 months after your year end.  Also your tax payments are generally due only 3 months after year end.  It’s always a good idea to organize your documentation and get it to us well in advance of the [...]

Keeping track

July 19th, 2013|Uncategorized|

Well, we're halfway through 2013, and the receipts are piling up! If you haven't already, why not take a few minutes when you can, and collect them.  If you're feeling extra keen (or extra bored), sort them in piles.  Put the receipts in envelopes with labels, and set them somewhere safe.  An old shoe box, or plastic container [...]

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