When preparing your taxes, a deduction that is often overlooked is carrying charges and interest expenses. These charges are costs you incur to earn income from an investment, but only expenses for non-registered accounts will qualify.
Sybille Schaufler Accounting Blog
Sybille Schaufler Accounting is pleased to provide a variety of resources on accounting, taxation and other related subjects that we hope will be helpful to both individuals and businesses.If you have any questions, simply contact me, and I will be happy to discuss your needs with you.
5 Tips For Managing Your Cash Flow
A cash flow projection can act like an early warning system for any period. A leading cause of business failure is a lack of cash flow management, but by taking some simple steps in managing it, you will find it can improve your business outcome.
Taxation and Shareholder Loans
Shareholder loans refer to loans made by shareholders of a corporation to the corporation or from the corporation to the shareholder.
Tax Deductibility of Medical Expenses in Canada
Now that we are into the 2022 income tax season, it is a good time to talk about the medical expense deduction on your personal tax return.
Preparing For Your 2022 Tax Returns
As we head into 2023, simplifying the process of filing your tax returns for 2022 is easily done through proper planning. Taking time to prepare your records can speed up the process of receiving a refund and reduce the cost of services provided by your accountant as they work to meet the tax filing deadline.