The Hut Tax Service
405 Grant Avenue V0X 1W0 Princeton, BC, Canada

BY APPOINTMENT ONLY AT THIS TIME. PLEASE CONTACT

More information to consider come tax time.

For your information, there have been recent changes to reporting personal property sales.

For your information

Charities and giving - What's new Charities information webinars The Canada Revenue Agency is pleased to offer a series of webinars. If you are a board member, a treasurer, a volunteer, or an employee of a charity, a session is a great way to learn about your charity's obligations. We will be starting with the following session: Gifting and receipting February 24, 2020, 2pm, Eastern time... Register now Privacy notice: Your registration information (participant's and charity's name and email address) will be used only for the purpose of allowing you access to the webinar and to send you email reminders. Your information will not be shared with any other organization or used for any other purpose. See more

If you filed on paper last year, we will mail this years tax and benefit package to you by February 17, 2020. Heres what else you need to know if you're a paper filer: http://ow.ly/gQKJ50y1YMk

Weve seen more Canadians mentioning that they are getting calls from scammers. Did you get an email that seems suspicious? You can report it to Canadian Anti-Fraud Centre http://ow.ly/VjDC50wUeeV

The Hut Office & Tax Service has changed its name to The Hut Tax Service 250-295-3835 or [email protected] Hut Office & Tax Service has changed its name to The Hut Tax Service 250-295-3835 or [email protected]

We are still here to assist you with your tax filings, we only retired from the Bottle Depot and day to day bookkeeping operations. There seems to be some rumors about that we retired from all, but that is untrue. Our phone number remains the same 250-295-3835, and our cell and email are also the same but our location has changed, we now work from home. Feel free to call or message if you have questions.

The Hut Office & Tax Service has changed its name to The Hut Tax Service.The Hut Office & Tax Service has changed its name to The Hut Tax Service.

MERRY CHRISTMAS TO Friends, Neighbors & ClientsMERRY CHRISTMAS TO Friends, Neighbors & Clients

Bullying is not ok at any age. Can I get 3 people to repost this?Bullying is not ok at any age. Can I get 3 people to repost this?

GETTING READY FOR ANOTHER BUSY TAX SEASON We are moved and almost set up to serve our clients for the spring tax season. If you have questions or need some year end information, please give us a call at 250-295-3835 or email [email protected]

GETTING READY FOR ANOTHER BUSY TAX SEASON Limited hours for the winter Please call for informationGETTING READY FOR ANOTHER BUSY TAX SEASON Limited hours for the winter Please call for information

Tax information you need to know if you bought or sold a home If you bought or sold your home this year or plan to buy or sell a home soon, the Canada Revenue Agency (CRA) has information to help you. Principal residence exemption When you sell your principal residence, did you know that any profit (capital gain) may be exempt from taxes? In fact, if your home was your primary residence for every year that you owned it, you do not have to pay tax on the capital gain....Continue reading

Chamber of Commerce AGM March 14, 2019 - 6PM Princeton LibraryChamber of Commerce AGM March 14, 2019 - 6PM Princeton Library

THE HUT TAX SERVICE IS STILL HERE TO SERVE YOU CALL 250 295 3835 EMAIL [email protected] HUT TAX SERVICE IS STILL HERE TO SERVE YOU CALL 250 295 3835 EMAIL [email protected]

I have been speaking with many folks from our area who are unaware of medical deductions they can claim when they file their Income Tax return. As we live in a... rural area, many of us travel out of town for appointments and treatments that are unavailable in Princeton. Many of these are claimable. If you have not already done so, now is the time to gather your information together from 2018 so you can maximize this years claim. You may claim the cost of travel expenses, including accommodations, meals, and parking, when a person needs to travel at least 80 kilometers (one way) from their home to get eligible medical services. As it is about 235 kilometres round trip from Princeton to the Penticton Hospital, thats us! Your mileage claim is kilometres traveled from your home to the appointment and back home again. To claim transportation and travel expenses, the following conditions must be met: -substantially equivalent medical services were not available near your home (so regular blood tests would not qualify, but lab work unavailable in Princeton would be. A regular eye exam would not be, but regular screening for glaucoma or cataracts is). -you took a reasonably direct travelling route -it is reasonable, under the circumstances, for you to travel to that place for those medical services. (Penticton is reasonable, but traveling to Vancouver for a yearly dental cleaning because you wanted to keep your old dentist would not qualify.) -If a medical practitioner certifies in writing that you were not able to travel alone to get medical services, you can also claim the transportation and travel expenses of an attendant. You may be able to claim accommodation, meal, and parking expenses in addition to your transportation expenses as medical expenses. For calculating meal and vehicle expenses, you can choose to use the detailed or simplified method. If you use the detailed method, you have to keep all receipts and records for your 12-months period. For more information and to find out about the rates used to calculate these travel expenses, go to Meal and vehicle rates used to calculate travel expenses for 2017 and previous years. (2018 rates will be released soon). If you choose the simplified method, claim in Canadian or US funds a flat rate of $17/meal, to a maximum of $51/day (sales tax included) per person, without receipts. Although you do not need to keep detailed receipts for actual expenses if you choose to use this method, we may still ask you to provide some documentation to support your claim. Simplified rate for vehicle is 50 cents per kilometre. (These are 2017 rates. Again, rates for 2018 will be updated soon). You must keep receipts for all accommodation expenses and you must be able to show that the amount paid for accommodation is necessary because of the distance travelled and your medical condition. Claim the amount for accommodation as shown on your receipts. I keep a spreadsheet that I can update each time we take a trip for an appointment. That way I know what the treatment was, if we needed to pay for parking and how much, and if we had a meal or two. So when tax time comes around, all my info is easily referenced and correct. It really does make a difference on my return. Below is a link to the Canada Revenue info sheet for medical deductions allowed. I hope the information is of benefit. Link to travel expense info:

STILL HERE 250-295-3835STILL HERE 250-295-3835

We will still be here to serve our tax customers in the spring of 2019, and can be contacted by phone at 250-295-3835 or email at [email protected]. Hopefully we will have a permanent location in town early spring.

Fixed my blocked posts I wondered where everybody had been! This is good to know: It's ridiculous to have so many friends and only 25 are allowed to see my post. I ignored this post earlier, because I didnt think it worked. It WORKS!! I have a whole new news feed. Im seeing posts from people I havent seen in years. Heres how to bypass the system FB now has in place that limits posts on your news feed.... Their new algorithm chooses the same few people - about 25 - who will read your posts. Therefore, Hold your finger down anywhere in this post and "copy" will pop up. Click "copy". Then go your page, start a new post and put your finger anywhere in the blank field. "Paste" will pop up and click paste. Hopefully, this will bypass the system?l See more

No longer affiliated with the Princeton Bottle DepotNo longer affiliated with the Princeton Bottle Depot

Businesses Tax information newsletter, Edition 2018-01 April 30, 2018 1. Important Information Regarding Good and Services Tax/Harmonized Sales Tax (GST/HST) Returns Are you part of the 10% of GST/HST registrants that still file your GST/HST returns on paper? Starting on May 14, 2018, the Canada Revenue Agency (CRA) will be changing the GST34-2, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Return for Registrants, to a new, streamlined filing package. Previously, if...Continue reading

Report the sale of your principal residence If you recently sold a principal residence, you have to report the sale on your income tax and benefit return. This requirement ensures that only those entitled to the principal residence exemption can claim it. This is part of the Canada Revenue Agency's (CRA) effort to maintain the fairness and integrity of the Canadian tax system. What is a principal residence? A principal residence can be any of these types of housing units:...Continue reading

What you need to know about payment arrangements Do you have a balance owing? Cant pay in full? Work with the Canada Revenue Agency to resolve your tax debt now! If you cannot pay the full amount you owe now, you may qualify for a payment arrangement or ask for taxpayer relief. Take action by contacting the Canada Revenue Agency (CRA) right away. Ignoring your debt does not make it go away.... Find out your options if you cant pay in full now The CRA can work with you to set up a payment arrangement in My Account or My Business Account. The sooner you take action, the less interest youll have to pay. To make a payment arrangement for you or your business, go to Pay by pre-authorized debit or contact us. What is a payment arrangement? A payment arrangement with the CRA lets you make smaller payments over time, until you have paid your entire debt, including interest. The CRA has two new tools that can help you manage your tax debt. Try out our new Payment Arrangement Calculator, which you can use to estimate your payments and the time needed to reduce your debt to zero. The CRA has also introduced an Income and Expense Worksheet. This worksheet will help you calculate the part of your net income that is available to pay your tax debt. To help the CRA determine your ability to pay, you may have to give details of your financial situation and proof of your income, expenses, assets, and liabilities. Keep on track Staying up to date with your tax obligations is an important part of managing your finances. If you are struggling to make your payments, the CRA can help you. For more information, see the CRAs collections webpage and its video series on Debt Collection at the CRA.

Its tax time! Dont panic: theres free tax help Doing your taxes shouldnt be expensive. Here are some tips to save you time and money this tax-filing season. Get your taxes done for you If you have a modest income and a simple tax situation, volunteers from the Community Volunteer Income Tax Program may be able to do your taxes for youfor free. Tax clinics are usually open from February to the end of April, with some open year-round.... To find a clinic near you, use the MyCRA mobile web app at canada.ca/cra-mobile-apps or go to canada.ca/taxes-help. Get help doing your taxes Check out the Canada Revenue Agencys (CRA) list of certified software, including free products, and join the majority of Canadians who file online. Make tax filing simpler. The CRAs auto-fill my return service fills in parts of your current and prior-year tax and benefit return automatically. Its available in certain NETFILE certified software, some of which is free. To use it, you must be fully registered for My Account. Asking a trusted friend or relative to help you do your taxes? If you want them to take care of all your tax affairs, like filing your return and checking your refund, you can give them your permission online by using the Authorize my representative service in My Account or by filling out Form T1013, Authorizing or Cancelling a Representative and sending it to the CRA. Get help managing your tax affairs Use My Account to manage your tax and benefit affairs online. My Account allows you to track your refund, change your return, check your benefit and credit payments, print a proof of income statement, view your RRSP limit, change your address and marital status, and more. Get information on the go. The free MyCRA mobile web app gives you secure access to important tax information, such as your notices of assessment, the status of your tax return, and more. If you get benefits and credits, you can use the free MyBenefits CRA mobile web app.