Tara Quick, CPA, CGA
#300 - 820 51st Street E S7K 0X8 Saskatoon, SK, Canada

Please note to all Employers, CRA has modified what is needed for T4s for the 2020 Tax Season http://ow.ly/FCu150BbHKN

Canadian Emergancy Responce Benefit is open for application. The CRA website for links and questions is below. We are still waiting for business credits to be finalized. https://www.canada.ca///ei/cerb-application/questions.html

Please note that though we all hear every day or hour in some cases about all the credits for individuals and companies I have not been posted them. At this time, we are all confused on what is happening and going to happen. Once the government has the websites up and running to apply for all the credits I will share them. I want to be sure all of you are correctly informed. For now you can view the federal site for the latest news. https://www.canada.ca/en/department-finance/news.html Please take care. Stay safe and healthy.

To all my clients. Please note effective immediately I will be working from home. As some of you remember, this will be like old times before I moved in an office. Please send all your information to me by email (I have a secure portal just email me to send a link) I will process your information as normal and when it complete we will email or discuss other options to finalize and file with CRA. We will work together and make sure all taxes are filed. My cell number is 306-291-1850 or email [email protected] Please take care, stay safe and healthy. Tara Quick

This is real. Please sign up for "my account" with CRA. Let me know if you need help. https://www.canada.ca//e-services/account-individuals.html

Now that regular tax season is over. I want to remind all the sole proprietors out there that your dead line for tax filing is June 15th. Be sure to bring in your papers ASAP as these returns take extra time and we want to be sure your deadline is met.

So personal tax deadline for non-business returns has passed. If you havent filed be sure to get to your professional accountant ASAP to avoid anymore interest and penalties.

A little off of tax but do you and or your spouse have a will set up? No matter your age it is important to have a will in place. If there is money and/or your personal corporation in your estate you want to be sure there is direction on what happens to these funds/shares. Ie beneficiaries and charities For this, be sure to talked to a lawyer specializing in estates and wills.

Have you ever considered volunteering as a search-and-rescue personnel or firefighter? If so theres a tax credit for that. Talk to your professional accountant.

Do you use your personal vehicle for work? Do you have a log book to keep track of business verses personal kms? If not time to start is now. In order to claim use of your vehicle on your personal tax return, a log book is mandatory.

I have received lots of questions about carbon tax rebate(Climate Action Incentive Payments) this is paid out on tour tax return to all single and couples regardless of income. The only stipulation is you must live in Saskatchewan, Ontario, Manitoba, or New Brunswick. And the amount is different in each province. Talk to your professional accountant to see how much you are entitled to on your tax return.

This is more just to let all our clients know.. I have been away since Thursday and wont be back till Monday so we have fallen a bit behind. We will be doing our best to catch up this week.

If you owe taxes this year, be sure to file and pay by April 30th to avoid both interest and penalties. There are many ways to pay your taxes such as; through online banking, at your bank, mail in a cheque or pay on the CRA website. https://www.canada.ca//e/payment-save-time-pay-online.html

With Uber fresh in our minds, are you thinking of driving for Uber? Please know that you must apply for a CRA business number and charge GST on the first dollar you make from Uber. Be sure to discuss with your Professional Accountant before starting this new venture.

We are now right in the thick of tax season. Do you use your car for your business? If so a log book of business kilometers is mandatory to prove the business use percent. If you havnt started using one, I suggest starting immediately. There are lots of apps available or even pop by my office for a paper log book. Anyway that you find it easier to do consistantly, the better.

Do you have children? Be sure to gather all daycare receipts. Plus some day/week camps may be considered childcare. Go over all of them with your professional accountant to be sure you dont miss a great tax credit!!!

Do you run a business and work out of your home, with no outside office? You may be able to claim a percentage of your household expenses. Be sure to talk to your professional accountant about what if any is deductable.

Did you buy or sell any real estate in 2018? If yes be sure to let your professional accountant know. There are no tax liabilities for your primary residence but CRA needs this information.

Cryptio currency if you have any be sure to discuss with your professional accountant as some people see it as straight income some as investment capital gains. What does CRA think?

Do you receive dividends from a corporation where the other shareholders are related to you? Please discuss the corporate structure with your professional accountant to be sure you are taxed correctly on this dividend.

Remember any RRSPs bought between January 1st and Mar 1st, 2019 must be reported on your 2018 tax return. Your slips will be arriving for this period in the next few weeks. You may receive one or multiple slips. Be sure you have all of yours for the largest deduction.

Happy tax season!!!!!! Keep coming back through out the next few months for tips to be sure you get the most deductions possible.

My sign is up!!!! Come by and say hi.

Did you know you can make all your personal and corporate tax payments right on the CRA website? No need to pay through your bank. You can even pay using your credit card. Be sure to give me a call if you have any questions. Here is the link to the CRA website payment screen. https://www.canada.ca//e/payment-save-time-pay-online.html

I would like to officially welcome my new assistant, Barb Galambos!!!!! We are both working on organizing after the move to be the most efficient we can be. If you are in the area, dont forget to stop by and say hi to Barb and me.

All moved in.... now to clear my inbox

And that is that. Sign down. Great 3 years now on to new place new adventure.

All packed up now to move it all in the morning....

So my week of packing and moving has begun. I will be starting full hours at new office on Tuesday Sept 12th. Remember #300 - 820. 51st Street E (Northstar building) if I dont answer your emails and phone calls please know I am not ignoring you. I will be catching up on everything next week. Thank you to everyone for patients during the next week.

MY OFFICE IS MOVING!!!!!! My new address will be Suite 300 - 820 51st Street E (Northstar building). I will be mailing out moving notices early next week. Please note that for the first few weeks in September my hours will be limited as I move all my papers, etc over. Please feel free to drop on by and see my new office any time after the 11th of September. My phones and fax numbers will all stay the same.

Tax season is defiantly in full swing in my office. Remember to drop your tax information off ASAP. No need to set a time unless you want to meet with me. Someone will be in the office 9-5 Monday to Friday and 10-4 on Saturdays. See you soon

Starting next week there will be someone in the office 10am to 5pm Monday to Friday. The first Saturday we will be open is March 11th. If you have all of your papers ready you can drop them off upstairs during those hours or through the mail slot after hours. If you would like to sit down with me, please call the office to arrange an appointment time. HAPPY TAX SEASON!!!!!