Nuages Consulting Inc
5700-100 King St. W M5X1c7 Toronto, ON, Canada

As a Certified and Chartered Professional Accountant (CPA) firm, when we give our clients the not-so-good-news, we don't give it to scare them, but rather to share knowledge with them. In 2020 if you claimed CERB and you were working and thought the CRA will never find out - well, Mr. CRA got smarter... By or after February 28, you'll receive your T4 (Statement of Income) for Tax year 2020. ... The CRA has introduced 4 additional boxes 'New other information codes', Code 57-60 to cover employment income March 15-Sep 26. These codes/boxes are to help the CRA validate the payments made under CEWS, CERB and CESB. Have questions? Ask. Need help with your tax return and preparation? contact us www.nuages.ca or call 416-477-1324.

Running a business? Government of Canada is giving out money during COVID-19 pandemic. Below is a list of benefits. #COVID-19 #Benefits #CEWS #CEBA

Government of Canada is giving out money during COVID-19 pandemic. Below is a list of benefits. #COVID-19 #Benefits #CERB

You will hear this a million times in the next 3 months TAX SEASON are you ready? It will be overwhelming to keep up with changes to the tax rules not to worry, Nuages Consulting Inc we keep track of all changes so you don’t have to! We’ve created tips & tricks, secrets and easy to understand steps into filling AND understanding your taxes. In February, we will focus on personal income. Still have questions? Feel free to contact us (www.nuages.ca) -each taxpayer’s situat...ion is unique and we have the expertise to assist you. We alleviate uncertainty and doubt when it comes to taxes. What we will cover - Changes in 2020 Tax year - Total income o There are -/+ 32 different types of income you can claim. - Deductions o There are -/+ 28 types of deductions you can benefit from. - Federal non-refundable tax credit o There are -/+ 26 Federal non-refundable tax credit you could possibly claim. - Provincial (Ontario) non-refundable tax credit let me know if you need other province NFTC o There are -/+ 19 Provincial (ON) non-refundable tax credit you could possibly claim. - Refundable tax credit o There are -/+ 13 types of refundable tax credit you could possibly claim. What we do: - Perform full tax filing to maximize your credits and deductions before filing. - Do you worry about the possibility of an audit not sure of the process, who will represent you or how you can defend yourself we take care of ALL questions and concerns. o We: - Review tax return and documents for problem areas - Attend all audits appointments with you and the CRA - Defend your tax return to the CRA - Negotiate any penalties yes, we can do that - We are experienced tax professionals. - We understand unique tax situations and are ready to help with tax questions - We work with customers to provide peace of mind - We file with 100% confidence - We answer questions, ask the right questions and provide tax advice and guidance to specific situation We offer high-level full service and CRA/RQ audit defense and representation we are on your side!

*PSA*: The Federal Government has announced plans to expand the Canada Emergency Business Account (CEBA) to allow eligible Canadian businesses and notforprofits to access additional funds to cover operating costs and other non-deferrable expenses. As details about the expanded program are being finalized, here is some helpful information: What is changing? CEBA is being expanded from a $40,000 loan (with $10,000 of the $40,000 eligible for complete forgiveness) ...to a $60,000 loan (with $20,000 of the $60,000 eligible for complete forgiveness). What does this mean for my business? If your business had previously applied and received a $40,000 CEBA loan, you may be eligible to receive an additional $20,000 loan under the expanded program. If your business has an active CEBA loan application already in progress, you may be eligible to receive an additional $20,000 loan under the expanded program if your application is successful. If you have questions about the status of your application, please contact the Government of Canada CEBA Call Centre at 18883244201... *If you need an Accountant or Tax Expert, contact us (www.nuages.ca), happy to help* See more

Running a business? Government of Canada is giving out money during COVID-19 pandemic. Below is a list of benefits. #COVID-19 #Benefits #CEWS #CEBA

Government of Canada is giving out money during COVID-19 pandemic. Below is a list of benefits. #COVID-19 #Benefits #CERB

LET'S GO RAPTORS!!!

Congratulations to The Toronto Raptors on winning game 1 of the NBA Finals!

2019 Federal Budget Canada Training Benefit The Canada Training Benefit would give workers money to help pay for training, provide income support during training, and offer job protection so that workers can take the time they need to keep their skills relevant and in-demand. It includes:... 1. Training Credit $$$$ - Targets Canadian workers aged 25-64 years old - Canadians automatically accumulate $250 per year, up to a lifetime limit of $5,000 - To be eligible: Earnings from work $10,000-$150,000 (including maternity or parental leave benefit) - Balance can be applied against training fees at college, university and eligible institution providing occupational skills training starting in 2020. 2. EI Training Support Benefit $$$$ - Income support up to 4 Weeks paid leave (55% avg. weekly earning) - Need to accumulate 600 hours of insurable employment - Include support for small businesses trough EI Small Business Premium Rebate. 3. Leave Provisions $$$$ - Protect workers' entitlement to take time away from work to pursue training.