No, You Can’t Claim That!
March 25, 2022
During tax season, there are always some questions about what can and cannot be claimed. The best thing to do is contact a professional accountant …
Tax tips
Get Ready for Tax Season in 2022
March 25, 2022
Thanks to COVID, there were many changes to last year’s tax season. Let’s take a look at what is in store for 2022. Filing dates …
CRA Gets Ready for a Demanding Tax Season
March 3, 2021
With the plethora of government benefit programs rolled out to assist with the financial impact of COVID-19, the thousands of people laid off because of …
COVID-19 Financial Relief – Part 4: The CERB Payment is Taxable
May 5, 2020
AF Accounting is helping individuals and small businesses better understand the ins and outs of the COVID-19 benefit programs available from the Federal Government. Part 1 looked …
COVID-19 Financial Relief – Part 3: Extended Tax Deadlines
April 29, 2020
AF Accounting helps individuals and small businesses better understand the many benefit programs available from the Federal Government during the COVID-19 pandemic. Part 1 looked at the …
You and Your Small Business Taxes During the Pandemic
March 31, 2020
In less than a month the entire world changed drastically. While we all come to grips with the new reality presented by the COVID-19 pandemic, …
Updated: Planning for Corporate Christmas Gifts
December 19, 2019
In 2017 we shared our blog Planning for Corporate Christmas Gifts. Two years on, the advice is still relevant, but there are some new ways …
My Business Account Receives an Update
September 19, 2019
Earlier this summer Canada Revenue Agency (CRA) made user-friendly changes to My Business Account. We are going to take a closer look – but first, …
Amazon Sellers’ Guide to Canadian Taxes: Part 4
August 16, 2019
In this series we have been exploring the requirements of the Canadian tax system for Amazon sellers. Part 1 detailed how Canada Revenue Agency (CRA) …
Amazon Sellers’ Guide to Canadian Taxes: Part 2
July 18, 2019
In the first part of our new mini series we discussed how Canada Revenue Agency (CRA) classified Amazon sellers, and some of the basic deductions …
RRSP or TFSA – Which is the Right One for You?
February 15, 2019
Wondering if you should have a Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA) or both is like wondering if oranges or bananas …
The (Avoidable) Reasons Why Entrepreneurs File Their Taxes Late
February 5, 2019
With every new year comes that sinking feeling that tax time is just around the corner.When you own a small business, filing taxes is not …