Equity markets continue rising The New York S&P TSX Composite index has had a strong run over the last 2 weeks. It has posted daily gains in nine of the last 10 trading sessions and has risen 6.5% over that time and is up 5.89% year-to-date. The TSX closed Friday at an all-time high of 18,460.21…. Read More
The Smof Investment Blog
We would like to provide you with an update on the work-from-home tax saving options available for the 2020 tax year. Those who worked from home in 2020 will have to decide whether to use the $2 a day flat-rate or detailed method. At tax time, you can use our employment expenses checklist which will… Read More
On March 31st, we posted a blog on the tax benefits of working from home. The information contained in March 31st blog still applies, but we want to make you aware of a potentially easier reporting method. The Federal Government proposed a “Simplified T2200” during their Fall Economic Statement. Under this proposal, the simplified T2200… Read More
This is yet another reminder that the interest-free payment deadline for your 2019 individual income tax returns and 2020 March/June/September instalments is Wednesday, September 30, 2020. Penalties and interest will not be charged if returns are filed and payments are made by this date. This includes the late-filing penalty. Source: Canada.ca
Market update for week ending November 8, 2019. Included: 2020 CPP Max Pensionable Earnings Set; Wealthview Update; Weekly Update By The Numbers
“Normally I miss deadlines like a Stormtrooper misses Jedi” – Patrick Rothfuss Tax Filing Deadline Next Week As a final reminder, the tax filing deadline is next Tuesday, April 30th. If you have self-employment income, the deadline is June 15th. Again, regardless of when your deadline is, if you owe money, then the payment deadline… Read More