Fehr Tax Solutions

Did you know that the Canada Recovery Benefit (issued starting Sept 2020) has an upper income threshold of $38000? After that point individuals will be required to repay a portion of their benefits. Covid relief benefits brought extra tax complications to the 2020 tax year. Let me help you get your taxes filed correctly so there are no unpleasant surprises when your notice of assessment arrives.

Behind on your business bookkeeping? Fehr Tax Solutions has helped clients get past years books and filings up to date. Get the financial tools you need for success. Call, email, or DM now to book a free consultation about your small businesses bookkeeping needs. Let Fehr Tax Solutions take the stress out of tax and bookkeeping.... 250-575-7361 Fehrtaxsolutions.com

Need help bringing your taxes up to date so that you can apply for Covid Recovery Benefits? Fehr Tax Solutions will make it easy and stress free getting caught up. Offering affordable rates, years of experience, and Covid safe remote services; Fehr Tax Solutions is accepting new clients now.

Due to Covid-19 I am offering remote tax services for the 2020 tax year. Clients can drop off, email, or text message tax documents. FTS will process returns and review by telephone or zoom (clients preference). Documents are being signed through a secure, password protected signing software.

The federal government of Canada has announced several measures to support individuals affect by Covid-19. I will outline these measures and provide updates to the information as they become available. Tax Filing deadline: The filing deadline for individuals has been pushed back to June 1, 2020. Income tax owing will not need to be paid until after August 31, 2020. This deferral period is interest free. ... GST: There will be an additional one time payment in May 2020. I have seen some confusion re: how much this payment is. It is NOT a flat rate such as 400/adult. Just like the normal GST credit it is based on income. The GST credit being paid for the 2019/2020 year is being doubled. This additional amount is what is being paid in May. If you are wondering what your family may receive pm me. In many cases I will be able to help you estimate this amount. Canada Child Benefit: There will be a one time boost to this payment of $300 per child. This additional money will be added to Mays child benefit payment. Employment Insurance: The one week waiting period has been waived The requirement to have a medical certificate for sickness benefits has been waived. Individuals who do not qualify for regular EI or sickness benefits including those who are self-employed will have access to a new emergency care benefit. This is for people who are quarantined or sick with Covid-19, taking care of sick family, and parents who must stay home with children due to school closures. Applications for this benefit will be available in April. I will dedicate a specific post to this when the application comes online. Mortgage and debt payments: Mortgages payments can be deferred for up to 6 months. Contact your lender directly. If you have other consumer debt that you will not be able to manage please contact your lender immediately to make arrangements.

Covid-19 update: Until further notice my family is practicing social distancing. I will be available to work remotely. The CRA has temporarily allowed E-Signi...ng for tax authorizations which will allow me to easily file your taxes still. The tax filing deadline for individuals has been pushed back to June 1, 2020. Tax owing will not be due until after August 31, 2020. If you are in financial hardship due to the present circumstances and need pro-bono assistance in completing your tax return please contact me. I may be able to assist, depending on what is involved with your particular return. Take care of yourselves. Take care of each-other. Be safe.

The deadline for personal tax returns is April 30, and my spots are booking up quickly. Message me today and lets get your taxes sorted.

PSA: For individuals filing their own returns If you are using the Auto-fill function that downloads your information from the CRA into the tax software please be sure to double check all of the numbers on your slips. Particularly tax deducted. I have had several people contact me for support with returns done themselves and in all cases it has been that the software did not correctly input tax deducted when auto filling.

I would love to help you with your tax filing needs for 2018. Personal returns are a flat rate of $65 and small business returns start at $125. Are you behind on your taxes? No problem! Lose the stress and let me help you get caught up.