Tax Credit for Type 1 Diabetes

Canadians living with Type 1 Diabetes are now eligible for the Disability Tax Credit! Have your doctor complete the application and submit it to the Canada Revenue Agency for approval. Inform us once you've been approved so that we can claim the credit on your 2022 tax return. Click here for the application.

**Ontario Minimum Wage Increase**

Minimum wage will increase to $15.50/hour as of October 1, 2022.

Immediate Expensing of Eligible Property

The federal government has finally approved a new measure in which assets can be claimed as a full write off instead of depreciating. Examples of eligible property include vehicles and equipment to maximum of $1.5 million.

If you do your own payroll:

Be aware that there was a new one-time WSIB credit from 2021 that can be used to reduce 2022 remittances.
If you'd like, we can conduct a payroll review before December 31st so that your T4's will be reconciled.

Credit Card Class Action Settlement

This is a reminder that the deadline to apply for the Credit Card Class Action Settlement is September 30, 2022.

Click here to apply

For more information please visit https://creditcardsettlements.ca

Sep 2022 Newsletter

Thanksgiving Food Drive

Changes to Annual Filings