2019 3rd Quarter Tax Tips and Traps

2019 3rd Quarter Tax Tips and Traps, this edition of Tax Tips and Traps includes information special work site allowances, reimbursement for work clothing, tax incentives for zero-emission vehicles, the disability tax credit, workers compensation, CRA’s ability to demand information and the new Canada Business Corporations Act rules for tracking of ownership information.

Click the link below to view or download a pdf version of this post.

Tax Tips and Traps 127, 2019 – 3rd Quarter

At Focus LLP, We Believe in Great Service

No matter how big or small your business is, we provide the same level of professional service to all of our clients.

Testimonials

“Bill Minor and his group have assisted my law practice for many years. They are always available for discussion when my bookkeeper has questions or need help. Their professional approach to my accounting and taxation matters gives me confidence that I have chosen the right team!”

 

Joan Blumer, Barrister

Our focus is providing services to private corporations and their shareholders. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the assistance you receive comes from years of advanced training, technical experience and financial acumen. There are many benefits in partnering with Focus LLP.

Here are a few:

  • Three- and Four-week turnaround: for year-end files.
  • Attention to detail: You can trust us to do the job correctly.
  • Prompt callbacks: Calls are dealt with in a prompt and efficient manner.
  • Accessibility: We are here when you need us.

At Focus LLP we can provide you with a wide-range of services to meet your needs, we will tailor your experience as we specialize in all things tax and accounting.

Our team can assist your business in all facets of your day-to-day accounting and tax matters.

Our Services:
Corporate Tax Preparation
  • Tax Planning
  • Tax Efficiency
  • Goods and Services Tax
  • Special Elections
Prepare Financials Using Accounting Standards for Private Enterprises
  • Financial Statement Preparation
  • Financial Statement Analysis
  • Calculate Key Ratios
  • Ratio and Trend Analysis
We Plan for the Future to Help your Loved Ones Upon Death
  • Terminal Returns
  • Estate Planning
  • Estate and Trust Income Tax
  • Trust Set-up and Consultation
Keep the Books Current & Balanced
  • Accounting Processes
  • Payroll Services
  • Accounting Software
  • Accounting Consultation
Focus LLP, Your Calgary Tax and Accounting Professionals
DISCLAIMER:

The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional.

No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability for its contents or for any consequences arising from its use.