MPW Chartered Professional Accountants LLP

Now that you’ve filed your 2020 income tax and benefit return, it’s possible that the Canada Revenue Agency (CRA) contacts you to discuss your tax and benefit situation. However, you should be aware of scammers pretending to be CRA employees. Learn more at https://mpw.ca/contacted-by-the-cra/

Families with children under the age of six could earn up to $1,200 more per child with the Canadian Child Benefit (CCB) Learn more at https://mpw.ca/canada-child-benefit-progress/

New filing updates for corporations filing in Ontario. Read about the updates at mpw.ca/new-cra-filing-updates/

Are you a peer-to-peer seller? A peer-to-peer (P2P) sale is the selling of goods or services from one person or party directly to another. Learn more about the tax implications https://mpw.ca/reporting-peer-to-peer-income/

New Ontario Tourism and Hospitality Small Business Support Grant that will provide an estimated $100 million in one-time payments of $10,000 to $20,000 to eligible small businesses in the tourism and hospitality sector. https://mpw.ca/ontario-tourism-and-hospitality-small-busin/

Do you have questions about or noticed a mistake on your 2020 T4A Slips? Read more about the CRA's recent updated guidelines here: https://mpw.ca/t4a-slip-guidance/

Life is sweet when you achieve your goals! How are you working towards your goals this month?

On February 19, 2021, the Canadian government announced several extensions to various personal COVID-19 related benefits. Find our list of extensions at: https://mpw.ca/covid-19-benefits-extensions/ #CRB #CRSB #EI #SelfEmployed

You may have cheques waiting to be cashed. There are many reasons Canadians may have an uncashed cheque from the Canada Revenue Agency (CRA). For example, someone may have moved and not updated their address, or the cheque may have been lost, stolen, or destroyed. Check for your unclaimed cheques and learn more at: https://mpw.ca/uncashed-cra-cheques/

MPW Professional Corporation is excited to announce that Laura Smit, Laura Hanlon and Mitchell Geerts have been named Junior Partners of our firm. This talented group of Chartered Professional Accountants have shown tremendous commitment to our clients and our firm. Laura Smit joined MPW in 2007 after graduation from Wilfrid Laurier University. Laura works out of our Reece’s Corners office where her main focus has been on small business, corporate and personal tax with a spe...cial interest in agriculture. Laura Hanlon began her career in 2011 after graduation from McMaster University. Laura has been working as a Manager in our growing Sarnia office and focuses on small business and corporate and personal tax. Mitchell Geerts began his career with MPW in 2015 after graduating from the University of Wilfrid Laurier. Mitchell is located in our Strathroy office and will continue to provide exceptional service in agriculture, small business, corporate and personal tax. Congratulations to each of our new Junior Partners!

There is a new program, HASCAP, available to businesses that have been hit hard by the pandemic. This includes restaurants, businesses in the tourism and hospitality sectors, and those that rely on in-person service. For more information visit https://mpw.ca/highly-affected-sectors-credit-availability/

If you have to close or significantly restrict services because of provincial public health measures you could be eligible for a grant! The Ontario government has opened up applications for funding for small business grants: - Ontario Small Business Support Grant - Ontario’s Main Street Relief Grant: PPE support... - Property tax and energy cost rebates https://mpw.ca/funding-for-small-business-grants/

Are you a student? The CRA has updated the 2020 income tax guide and you could be eligible for a tuition tax credit, deductions for moving expenses, and a claim for qualifying student loan interest costs. Learn more at mpw.ca/2020-income-tax-guide-for-students/

This Tuesday at 7pm tune in to watch this webinar presentation learn more about Understanding your Personal Real-Estate Corporation (PREC)! Featuring MPW's own Laura Hanlon and more! To RSVP please email [email protected]