With a background in banking, and an advanced knowledge of financial computer programs and systems, Neil is able to assist small to medium-sized Canadian businesses in assessing their needs and improving the information they receive to better run their enterprises. Neil is also knowledgeable in the area of accounting setup and practices for not-for-profit organizations.
The Canada Revenue Agency is hosting a free webinar to help businesses determine when and how to register for a GST/HST account. Topics to be discussed in the webinar include: what GST/HST is provincial and territorial GST/HST rates who needs to have a GST/HST account and how to get one taxable supplies GST/HST obligations GST/HST…
Suffice to say, the past year has brought many changes and challenges. One result is that the CRA has stepped up their enforcement efforts with more audits. If you and your business are subject to an audit, this can involve significant cost to you because of the added fees to for Nevcon to respond to…
A recent series of cyberattacks on the Government of Canada web site used a method called “credential stuffing” to compromise the personal information of thousands of Canadians. The attacks shut down Canada Revenue Agency (CRA) and GCKey online portals for several days and caused worry and confusion. Credential stuffing takes advantage of the fact that…
As we’re sure you may have already heard, Prime Minister Justin Trudeau made some announcements this morning (March 27, 2020) about additional programs available to support small businesses. What these programs will have to offer could possibly be substantial to you, so we understand completely that you would like to know what this means to…
The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). The following employers are eligible: Employers who are a non-profit organization, registered charity, or a Canadian-controlled private corporation (CCPC); have an existing business…
This information is developing and changing as the COVID-19 situation unfolds. We’ll do our best to update the details as they change. Laid off due to work closures? Apply for regular EI benefits You will need 700 work hours in last year You will need a ROE saying you’ve been laid off from your employer…
Here are some important updates and resources for taxpayers and business owners during the still unfolding COVID-19 situation. “While it is tax season, the government said for individuals, the return filing due date will be deferred until June 1, 2020. The Canada Revenue Agency will also allow all taxpayers to defer, until after August 31,…
With all the concern around COVID-19, Nevcon Accounting understands and sympathizes if you have to practice social distancing or self isolation during this time. We have decided that more online and phone meetings are appropriate for us, too. This is in line with guidelines and advice our government and medical leaders are offering about ways…
Over the last few months, Nevcon Accounting has been reviewing the way it collects documents and gives you a copy of your personal tax returns. Previously, we have been using e-courier to send you any sensitive documents securely, including any documents needing to be signed. Well, this has been a great product over the last…
As T4 Statement of remuneration paid information slips are starting to be prepared and issued to Canadian taxpayers, here’s a reminder to keep in mind the new (2017) rules for Electronic Distribution of T4 slips: The employer can only issue T4 slips electronically without the employee’s consent if the employer provides to the employee, by…
