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Locality: Concord

Phone: +1 647-989-0299



Address: 10 Great Gulf Drive Unit 201 L4K5W1 Concord, ON, Canada

Website: www.pp-accounting.com/

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P&P Accounting 05.12.2020

Home office deduction for employees - stay tuned for 2020 tax season https://www.theglobeandmail.com//article-tax-law-is-chan/

P&P Accounting 30.11.2020

Here is an HST tip for TIP RECEIVERS. Cosmeticians, taxi drivers, hair dressers, restaurant servers etc . Ever wondered if you should collect HST on the tips your customers give you? The answer is ... NO. As long as the tip amount is optional to the customer and it is not part of the original bill. If the tip is mandatory and is part of the original bill, then HST applies to it.

P&P Accounting 28.11.2020

Renting part of your principle residence tax consequences? As most taxpayers know, when you sell your principle residence, the capital gain on the disposition is exempt from tax as it is protected by a principle residence exemption. But many people are asking if the gain is protected if they rent portion of their house while still living in it. What if they rent more than 50% of the house? It is the CRA’s practice to consider that the entire property retains its nature as ...a principal residence, where all of the following conditions are met: a) the income-producing use is ancillary to the main use of the property as a residence. This means that the property is ordinarily inhabited in the year by the taxpayer or by his spouse/former spouse or a child. b) there is no structural change to the property; and c) no CCA is claimed on the property. See more

P&P Accounting 21.11.2020

Свежий подкаст в котором я отвечаю на вопросы Artem Bytchkov на животрепещущею тему - субсидии от гос-ва по поводу COVID 19 - http://www.pp-accounting.com/Blog/Post/podcast