TaxImm Professional Services

2019 Taxes It's that time of the year again and we are having a full version of Canadian personal tax software up and running. File your taxes with us Online and get your Refund Faster. Whether its a simple or a complex return, you can rely on us as we make sure our clients don't miss out any credit and get the maximum refund.... We do all provinces except Quebec Even if you have low or no income, u should still file your taxes as you get GST/HST and provincial benefits. We do everything via Emails and Phone. This way we save time and money for our clients. Though our valuable clients are always welcome to meet in person File your taxes with us at a reasonable rate and get it done right the first time. We also provide bookkeping services and do GST/HST returns, payroll services and corporate tax returns as well For consultation contact us @647-765-4859 or via email given below or on our FB page. Kindest Regards Narinder Pal Singh, PCP TaxImm Professional Services [email protected] https://www.facebook.com/TaxImmservices/ ca.linkedin.com/in/narinderpalpcp " Referral is the biggest compliment that we can ever get"

Good commentary on tax consideration on helping employees during Covid including home office expenses: https://www2.deloitte.com//ca-en-tax-considerations-aoda.p

Entry system #163 September 16, 2020 Points -472 Invitations- 4200... https://www.canada.ca//submit-prof/rounds-invitations.html

Express Entry system #161 August 20, 2020 Canadian Experience Class Points-454 Invitations- 3300... https://www.canada.ca//submit-prof/rounds-invitations.html

For the 2020 tax year, the Canada Revenue Agency (CRA) will be introducing additional reporting for the T4 slip, Statement of Remuneration Paid. Additional reporting requirements will apply to all employers, and will help the CRA validate payments under the Canada Emergency Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB). https://www.canada.ca//support-employers-cra-covid-19.html

The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax schemes involving leveraged insured annuity plans. Promoters, including tax representatives and tax preparers, are claiming that taxpayers can extract tax-free earnings from corporations or claim large insurance expenses using a leveraged insured annuity provided by supposed offshore insurers. https://www.canada.ca//watch-out-offshore-leveraged-insure

Express Entry system #161 August 20, 2020 Points-454 Invitations- 3300... Candidates from the Canadian Experience Class were eligible for this round of invitations. https://www.canada.ca//submit-prof/rounds-invitations.html

Asylum claimants across the country who are working on the front lines providing direct care to patients in health-care institutions will be able to apply for permanent residency if they meet the criteria. https://www.canada.ca//pathway-to-permanent-residency-reco

OINP will accept applications to the Employer Job Offer: International Student stream on August 19 https://www.ontario.ca//oinp-employer-job-offer-internatio

Thousands of CRA accounts breached following pair of cyberattacks https://www.cbc.ca//canada-revenue-agency-cra-cyberattack-)-,The%20federal%20government%20has%20revealed%20that%20the%20Canada%20Revenue%20Agency,linked%20to%20the%20agency's%20services.&text=%22The%20CRA%20is%20continuing%20to%20analyze%20both%20incidents.

Express Entry DeExpress Entry system #158 August 5, 2020 Points-476 Invitations- 3900 https://www.canada.ca//submit-prof/rounds-invitations.html

Express Entry system #157 July 23, 2020 Canadian Experience Class Points - 445 Number of invitations issued: 3,343... https://www.canada.ca//submit-prof/rounds-invitations.html

OINP will be accepting applications to the Employer Job Offer: Foreign Worker stream The Ontario Immigrant Nominee Program (OINP) will begin accepting applications to the Employer Job Offer: Foreign Worker stream on July 21, 2020. https://www.ontario.ca//2020-ontario-immigrant-nominee-pro.

Recognizing the impact this ongoing service disruption has on applicants in Canada, IRCC has put in place until further notice a public policy to exempt temporary residence applicants applying from within Canada from having to give their biometrics. This means we will be able to fully process and make decisions on applications. https://www.canada.ca//biometrics-exemption-temporary-resi

A temporary public policy has been issued exempting certain foreign nationals in Canada from certain requirements when they have fallen out of status. This public policy has 2 elements related to restoration: An exemption from the requirement to apply for restoration within 90 days of losing temporary resident status for all foreign nationals (former workers, students and visitors) in Canada. Temporary residents whose work permits, study permits or authorization to stay expir...ed after January 30, 2020 will have until December 31, 2020 to apply to restore their status instead of the current 90 days. https://www.canada.ca//operati/updates/2020-exemption.html

Express Entry system #155 July 8, 2020 Points- 478 Invitations- 3900... https://www.canada.ca//submit-prof/rounds-invitations.html

The expanded Canada Emergency Business Account (CEBA) is now open for applications. This means that more small businesses can access it. As of June 26, 2020, businesses eligible for CEBA now include owner-operated small businesses that do not have a payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll. Applicants will have to demonstrate having eligible non-deferrable expenses between Cdn.$40,000 and Cdn.$1,500,000 in 2020. https://ceba-cuec.ca/

You can still file your 2019 income tax and benefit return The CRA extended the deadline to pay amounts owing to September 1, 2020. Penalties and interest will not be charged if you make your payment by September 1, 2020. This includes the late-filing penalty. https://www.canada.ca//can-still-file-2019-tax-benefit-ret

Express Entry system #154 June 25, 2020 Points- 431 Invitations- 3508... https://www.canada.ca//submit-prof/rounds-invitations.html

Express Entry system #153 June 24, 2020 Provincial Nominee Class Points- 696 Invitations- 392... https://www.canada.ca//submit-prof/rounds-invitations.html

CERB payments to be extended for 2 more months https://www.cbc.ca//politi/cerb-extended-trudeau-1.5613782

Express Entry system #152 June 11, 2020 Points 437 Invitations: 3559... https://www.canada.ca//submit-prof/rounds-invitations.html

CERB fraudsters could face fines or jail time, draft bill shows https://www.ctvnews.ca//cerb-fraudsters-could-face-fines-o