Simcoe Tax Service
330B Edgehill Drive L4N 9X4 Barrie, ON, Canada

EXTENDED DEADLINE FAST APPROACHING.... this is the final weekend to file your 2019 Taxes on time. Avoid penalties & Interest by filing now. Ensure your CREDITS like GST ? Trillium / CCB (CTB) and OAS Supplement is not interrupted in July.... call / text 705-796-4625 or email [email protected] now to arrange an appointment.

Tax Season Extended https://nationalpost.com//government-extends-tax-deadline-

Tax Season has officially launched today. The CRA is now able to receive your 2019 Returns Electronically. File Early and get your REFUND FASTER.

Tax Filing Tips 1. Prepare early; file early avoid penalties and interest and there is less stress, more time to do it right. 2. Refer to last year's return as a guide in order to get all deductions and benefits you are entitled to.... 3. Store slips and receipts in a central place, for easy reference at tax time. 4. Remember to keep track of deductible expenses to reduce the taxes you owe and maximize your refund. 5. File on time with a certified tax professional. Typically your refund comes within 5 12 days. At Simcoe Tax Service; my mission is to work above the Industry’s Standard, Improve Each Day, and Have Some Fun. I have a vision of providing personal one on one service for my clients and their families & friends. Your return is always completed by a certified tax professional, who loves what they do and works with you to maximize your deductions and refund. Friendly, Precise, Accurate Thank you for choosing Simcoe Tax Service!

This year you have until March 2nd, 2020 to contribute to your RRSP account and use the deduction on your 2019 Taxes. This would be a good time to use your 2019 YTD paystubs and estimate what your tax situation is and see how much of a contribution is still needed to get your maximum refund. Benefits of RRSP's 1) Tax Deferral... 2) Interest not taxed when earned 3) Spousal RRSP's can reduce tax burden 4) May withdraw for a Home or Education without being taxed Contact me for more info on your situation

TAX SEASON fast approaching. Need some tax planning or want to know how much RRSP's to buy before March 1st. I can help (705) 796-4625 call / text or Email for an appointment [email protected]

What does a Minority Government mean for Canada? In a minority situation, governments must rely on the support of other parties to stay in power, providing less stability than a majority government. In Canada, political parties rarely form official coalition governments to form a majority. This means that Justin Trudeau and the Liberals will need to work with the Bloc Québécois and the NDP if they want to get any of their Campaign Promises passed. Although Justin Trudeau a...nd the Liberals holds more seats than any other party, he will still need the support of at least one other party to pass any legislation and maintain the confidence of the majority of the House of Commons. With that being said; Justin Trudeau has indicated that he has no plans to govern in a coalition with any of the other parties. Canadians have sent a clear message. They want parliamentarians to work together in Parliament to fight climate change and help with the cost of living. I’m looking forward to getting down to work, Trudeau said on Wednesday in his first post-election press conference with reporters at the National Press Theatre in Ottawa. Canadians gave me a lot to think about on Monday night when they returned us to government but with a requirement to work with other parties, he said. I am going to take the time necessary to really reflect on how best to serve Canadians and work with the other parties. There is going to be many challenges ahead to face this government. In the past; minority governments have only lasted 2 to 3 years before it dissolved and we were back at the polls. Stephen Harper's government had 2 minority governments before his majority government in 2011. Justin Trudeau and the NDP Leader Jagmeet Singh may work together for reducing taxes for the middle class, pharmacare and climate change. They will not be able to work together on the Trans Mountain Pipeline. We are a country divided. The government will need to work together with all Parties that represent their area’s needs and cultures.

ONE DAY LEFT to File your 2018 Tax Return.. Call...text or email meONE DAY LEFT to File your 2018 Tax Return.. Call...text or email me

Tax Season is here. Claim your CLIMATE ACTION INCENTIVE -now FILE EARLY - Get your refund sooner Are you behind and need to catch up? I can help. Just Contact Paul @ Simcoe Tax Service... By Paul Langdon 330B Edgehill Drive, Barrie On. L4N 9X4 (705) 796-4625 Cell call or text or Email for an appointment [email protected] With over 25 years of experience in Tax Preparation. Home based business to give you personal attention to your particular situation. Proficient in: Personal, Small business, Rental and GST/HST filing. Year round service. CRA Registered E-Filer and Tax Preparer over 25 Years Experience NO TAX on fees Pricing includes pick-up and delivery in Barrie / Elmvale / Innisfil and Angus. SAVE $10.00/return when you drop off your information yourself 2019 Pricing Your Tax Situation Price / HST inc. Students / OW & ODSP / Information Only (NIL) $40.00 Basic Return $60.00 Business, Rental and Employment Expenses, Truckers $135.00 Additional Charges GST / HST Return $35.00 T1 Adjustments $20.00 Post Audit Reviews or Sending Documents $30.00 Paper Returns add $5.00 * Capital Gains not on slips? Pension Income Splitting / Moving Expenses - add $25.00 ** Time Charge for bookkeeping or totaling slips per hour $30.00

Tax Season is fast approaching. Are you behind and need to catch up? I can help. Just Contact Paul @ Simcoe Tax Service By Paul Langdon 330B Edgehill Drive, Barrie On. L4N 9X4... (705) 796-4625 Cell call or text or Email for an appointment [email protected] With over 25 years of experience in Tax Preparation. Home based business to give you personal attention to your particular situation. Proficient in: Personal, Small business, Rental and GST/HST filing. Year round service. CRA Registered E-Filer and Tax Preparer over 25 Years Experience NO TAX on fees Pricing includes pick-up and delivery in Barrie / Elmvale / Innisfil and Angus. SAVE $10.00/return when you drop off your information yourself 2019 Pricing Your Tax Situation Price / HST inc. Students / OW & ODSP / Information Only (NIL) $40.00 Basic Return $60.00 Business, Rental and Employment Expenses, Truckers $135.00 Additional Charges GST / HST Return $35.00 T1 Adjustments $20.00 Post Audit Reviews or Sending Documents $30.00 Paper Returns add $5.00 * Capital Gains not on slips? Pension Income Splitting / Moving Expenses - add $25.00 ** Time Charge for bookkeeping or totaling slips per hour $30.00

Climate Action Incentive The federal government has placed a Carbon Tax on fuel in provinces that have not created a robust carbon tax plan of their own. Residents in New Brunswick, Ontario, Manitoba and Saskatchewan will receive a new Tax Credit called the Climate Action Incentive when they file their 2018 Tax Return. You will also see an increase as a Fuel Surcharge on your gas bills for home heating and at the pumps beginning April / 2019. The Climate Action Incentive i...s a refundable credit that is claimed in the following manner: Ontario Single (or First Adult in a couple) - $154.00 Second Adult (or if single parent first child) - $77.00 Amount per child (or second child for single parents) - $38.00 Each of the 4 Provinces have different rates People who live in rural areas will receive 10% more as they likely use more energy and don’t have as many public transportation options to reduce fuel consumption. Accelerated Capital Cost Allowance (CCA) Rates Good news for Business owners. A temporary change to the half-year rule for claiming CCA will now allow you to claim up to 150% of the normal CCA rate claimed. This change is for Office equipment such as furniture, computers, fax machines, shredders etc. In the past, you were only allowed to claim 50% the first year and a percentage over the next several years. Equipment purchased on or after November 21, 2018 and before the year 2024 will be allowed under the new Accelerated Investment Incentive Small Business Corporate Tax Rate More good news for Small Business Corporations as the small business corporate tax rate was reduced from 10.5% to 10% effective for 2018 and will be further reduced to 9% for 2019.