Wilkinson Chartered Professional Accountants

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Rental Properties and Your Home– Unexpected Taxes

By wilkinson | October 10, 2019

At one point or another, most people have thought about renting out the extra rooms in their home to earn some additional cash. CRA has…

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Tax Free Savings Account

By wilkinson | October 10, 2019

A Tax-Free Savings Account (TFSA) is a registered investment plan that has beneficial tax treatment.  A TFSA differs from an RRSP in that the contributions…

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CRA isn’t going to send you to jail over the phone

By wilkinson | September 17, 2019

Not long ago we talked to a client who received a phone call from someone claiming to be the Canada Revenue Agency (CRA).  If our…

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Apprenticeship Tax Credits

By wilkinson | September 17, 2019

The federal and Ontario governments are currently offering employers of apprentices tax credits with respect to the apprentices’ wages.   The federal tax credit is…

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MILEAGE FOR MEDICAL EXPENSES

By wilkinson | March 14, 2019

Did you know that you can claim travel expenses if you have to receive treatment that is not available to you within 40 kilometres of…

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DEDUCTING HOME OFFICE EXPENSES

By wilkinson | March 14, 2019

Are you aware that you can, in limited circumstances, deduct home office expenses? March 21, 2012 The Income Tax Act is quite specific in determining…

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CHILDREN’S ARTS AMOUNT TAX CREDIT

By wilkinson | March 14, 2019

Are you aware that Children’s Arts Tax Credit is available for non-artistic activities? April 11, 2012 New to 2011 is the Children’s Arts Tax Credit…

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APPRENTICESHIP TAX CREDIT

By wilkinson | March 14, 2019

Do you currently have, or are looking to hire an apprentice? Do you know there are tax credits available if you do? April 18, 2012…

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INVESTMENT EXPENSES

By wilkinson | March 14, 2019

Are you aware that you can deduct expenses incurred to earn investment income? April 25, 2012 Most taxpayers are skeptical about deducting expenses.  The Canada…

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MOVING EXPENSES

By wilkinson | March 14, 2019

Have you moved to start a new job or carry on your self-employed business? You may be able to claim moving expenses on your tax…

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MEDICAL BENEFITS

By wilkinson | March 14, 2019

Have you been benefiting by redirecting a portion of your bonus to a health care spending account? July 9, 2012 Employer payments to a private…

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SR&ED: EXPENDITURE LIMITS

By wilkinson | March 14, 2019

The eligible expenditure limit can have a huge impact on your tax credits from Scientific Research and Experimental Development (“SR&ED”) programs. Is your tax planning…

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2012 YEAR-END TAX PLANNING

By wilkinson | March 14, 2019

With the arrival of December we all become aware that the year-end is quickly approaching. December 17, 2012 Although most of us realize that paying…

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EMPLOYEE OR SELF-EMPLOYED?

By wilkinson | March 14, 2019

Employee Status – How Can I Tell If I Am Self-Employed or an Employee? April 10, 2013 Of all the questions asked of our firm,…

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EXPENSES INCURRED AT THE GOLF COURSE

By wilkinson | March 14, 2019

Can I Deduct Meal Expenses Before or After a Round of Golf? April 17, 2013 Perception is reality, especially Canada Revenue Agency’s perception of legitimate…

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CANADA PENSION PLAN

By wilkinson | March 14, 2019

March 4, 2016 While it is always a good idea to have some retirement savings set aside, the Canadian government has programs available that can…

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OLD AGE SECURITY

By wilkinson | March 14, 2019

March 4, 2016 There are two main federal government retirement programs offered by the Canadian government:  the Canada Pension Plan, and Old Age Security.  In…

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“RUMOUR HAS IT…” – CAPITAL GAINS RATES

By wilkinson | March 14, 2019

A potential increase in the capital gains inclusion rate next budget could cause an increase in your tax bill March 14, 2017 Currently when a…

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TAX TIPS

By wilkinson | March 13, 2019

March 14, 2017 “Rumour has it…” – Capital Gains Rates May 10, 2016 CRA isn’t going to send you to jail over the phone March…

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Adrian deGroot New Partner Announcement

By wilkinson | December 7, 2018

Adrian deGroot CPA, CA, is going to be admitted to the partnership. The Partners of Wilkinson & Company LLP are pleased to announce that Adrian…

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