This author has yet to write their bio.Meanwhile lets just say that we are proud Leigh Mitchell contributed a whooping 12 entries.
I came across this informative article in Q & A format that answers a lot of questions about top 2020 tax questions and the changes to expect including impacts on parents and more. Content courtesy CBC News. Your taxes might look a little different this year because of the pandemic. With special government assistance like the […]
Are you ready for this upcoming tax season? There are many changes but no extensions, so it’s time to get prepared. I recommend you leave plenty of time to familiarize yourself and get the support you need. I am here to help. Here’s some tips directly from this excellent Globe & Mail article: Heads up, […]
The COVID pandemic has brought about many changes for individuals in 2020, one being the requirement to work from home as an employee. You may be eligible to claim a tax deduction for your home office expenses (office space, supplies, internet, cell phone, etc.) which were incurred but NOT reimbursed by your employer if you […]
Did you know that CERB (Canadian Emergency Response Benefit) payments are taxable? Melanie Beaumont, CPA, CA, LPA recommends setting aside one-quarter of the benefit to cover the taxes but it is a challenge for many to do so. Budgeting and careful planning during COVID-19 is an essential step to take in order to save the […]
Are you having trouble keeping up with all the changed dates for tax deadlines (for both personal and business) because of COVID-19? Us too! The following details the returns that have been affected by COVID19 with respect to filing and payment dates. I have compiled a list of normal filing dates and revised COVID filing […]
Now is a perfect time to reflect on our financial and business decisions with regard to our spending, business and investment choices. I came across this Globe and Mail article entitled: Six financial lessons of COVID-19: Lifestyle creep, emergency funds and risk tolerance that speaks to some important lessons we can learn out of the […]
In these tough times, I am still working at the office to prepare your income tax returns so that you can get your money back! However, the office is closed to visitors. I am accepting information for tax returns in one of three ways: Mailbox drop-off – there is a mailbox at the back of […]
I have written about various aspects of estate planning (see “related reads” below article) on my #AskMelanie blog. These difficult challenges are something we never want to face but is inevitable in our lifetime. This, of course, is never easy when you are dealing with the emotions associated with the death of a spouse or […]
This month we tackle a question that I often see families trying to figure out. What is the best way to transfer ownership of a family cottage? Here is some advice I found useful on Canadian Capitalist: Canadians love their cottages. They are willing to put up with three hour drives, traffic jams, never ending […]
If you could leave your estate in great in order to reduce the amount of stress to your loved ones (and the executor) wouldn’t you want to? This blog post from the Bean Counter shares how a father’s special planning did just that. Lynne Butler, of Estate Law Canada blog fame, had a blog titled “What […]
