#AskMelanie: Should I make personal income tax installments suggested by CRA?
Many of my clients come to me with really important questions that need an immediate answer. I never leave my clients hanging. Each month in my #AskMelanie column, I address those burning questions so that you can maximize your time on growing your business and not worry about taxation issues. As a CPA accountant serving […]
#AskMelanie : What Happens if I File My Taxes Late?
In business and life ignorance is never an acceptable excuse! Every week I’m here to let you in on financial implications in order to support your goals and financial well-being. In our new series, “Ask Melanie” find out what happens when you don’t file your taxes. Melanie, What Happens if I File My Taxes Late? If you have a […]
4 Tips for Achieving a Positive Money Mindset
My clients are so busy at tax time and with so many responsibilities to take into consideration it is easy to be hard on yourself. Here are some tips to balance the right money mindset. 4 Tips for Achieving a Positive Money Mindset Stress – especially financial stress – rears its ugly head in tax season; […]
Melanie’s Advice: Make the Most out of Your Charitable Donations
Here’s a tax tip you might not have considered. Instead of submitting you charitable donations each year, save them up and submit multiple donations at once. Here’s some specific advice as featured on CBC News: Canadians mostly donate to charities out of compassion for those in need — or at least that’s what we said when asked about our top reasons for giving […]
Melanie’s Advice: Maximize Those Medical Expenses
I think one of the most missed items for tax purposes is medical expenses. A tax credit is available to individuals and families based on what they have spent (has to be out of pocket and after any benefit reimbursement) on almost anything to do with their health including: Dental Optical Prescriptions Therapy, and so […]
How to Deal with Accounting Overwhelm
According to Thrive Global, while financial decisions can cause anxiety at any time of the year, adding a host of tax-related tasks (hello paperwork!) to your plate can be overwhelming. But here’s the good news: There’s no better time than now to create habits that help you reduce stress and take care of your mind and body. Whether you tend to procrastinate or already […]