Century Accountants
Southdale & Wharncliffe rd N6L 0B2 London, ON, Canada

Businesses impacted by COVID-19 will be able to apply for the Canada Emergency Wage Subsidy as of April 27th, 2020. This new wage subsidy aims to help eligible... businesses prevent future job loss and encourage re-hiring workers. Get ready to apply for the Canada Emergency Wage Subsidy by signing up for My Business Account: http://ow.ly/n6En50zmJig

When you get refund after filing of Taxes

Shangrila lake - Northern Pakistan

Summer in Canada

Situation where you don't plan your finances properly.

As a general rule you should be keeping all records, including invoices, for at least 6 years. That is why it is important to have a separate bank account and credit card for your business.

If you are Driving Taxi or Uber and has recently purchased the Car then you can claim 100% of its HST in the first year. However, certain rules may apply depending on the situation.

Rental Property & Income If a substantial part of principal residence has been rented out than for TAX purpose it will be considered as "Change in Usage". Following steps are required to complete the T1; 1- Transaction will be considered as "Deemed Sale".... 2- FMV will be accessed and reported to CRA. 3- Purchasing date of the residence will be reported on T1 . 4- Expenses like insurance, maintenance & utility etc will be deducted from Rental income. See more