All condo corporations in Ontario are legally required to file annual returns with the Condominium Authority of Ontario (CAO). Make sure you are prepared to file your return. Read our blog post about frequently asked questions regarding CAO returns:
Continue ReadingIf you use your vehicle for earning business income and have eligible travel expenses, you are probably already aware that you can deduct some of your vehicle costs. What you may not know, though, is the difference between leasing and financing a vehicle for tax purposes. If you’re considering adding a new vehicle to your business, here are some things to consider:
Continue ReadingDo your employees use their personal vehicles for business purposes? The tax deduction limits and expense benefit rates have changed for 2019. Make sure you understand as an employer your responsibilities around allowances to cover expenses.
Continue ReadingAs of November 2018, CRA will no longer provide peel and stick barcode labels with the Registered Charity Information Return (T3010) package. These barcodes contained the charity’s BN/registration number and the charity’s fiscal year end date. You will continue to receive the Registered Charity Basic Information Sheet (Form TF725) with the package, however, the barcode labels will no longer be on the back of it.
Continue ReadingPollination Guelph is a volunteer-run, registered charity located in Guelph. It was formed in 2009 in response to evidence of a decline in North America (and elsewhere in the world) in the number and variety of pollinating insects, especially native bees and butterflies. This decline impacts the sustainability of the natural environment and puts at risk the security of our food supply. Did you know that 25-30% of our diet is dependent on pollination?
Continue ReadingAs a charity, you may prefer unrestricted donations, as you can determine how to best use those funds at your own discretion. However, you may come across a restricted fund donation when a donor wishes to restrict their gifts for a specific purpose, such as leaving a legacy gift.
Continue ReadingRLB wishes you a Happy New Year; it has been a delightful and rewarding experience working with many clients in our community this past year.
Continue ReadingRecently the Canada Revenue Agency (CRA) announced the prescribed annual interest rates that will be effective from January 1, 2019 to March 31, 2019. These interest rates will apply to any amounts owed to the CRA and to any amounts owed by the agency to individuals and corporations.
Continue ReadingTax season is fast approaching. Start preparing to file your tax returns TODAY! What documents do I need to keep to file my tax return? You can start compiling the following documents:
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