Category: Tax Information

  • Links to key 2022 Federal Budget coverage

    Nevcon Accounting is pleased to provide the following links to articles, analyses and more, to help you learn more about the 2022 Federal Budget, delivered April 7, 2022. Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable (Government of Canada) Budget 2022: Feds eye growth with $31B in net new spending…

  • Links to key 2021 Federal Budget coverage

    Nevcon Accounting is pleased to provide the following links to articles, analyses and more, to help you learn more about the 2021 Federal Budget, delivered April 19, 2021. Canada’s federal budget: A financial expert breaks it down (Global News) Highlights of budget 2021: Billions for green economic growth, healthier Indigenous communities (CBC News) How the…

  • GST / HST registration webinars coming April 28, 2021

    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…

  • Keeping you up-to-date on small business news in response to the pandemic

    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…

  • Government support during these unsettled and unsettling times

    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,…

  • Reminder re: T4 Statement of remuneration paid information slips

    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…

  • Reminder re: T4 Statement of remuneration paid information slips

    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…

  • Do you or a loved one qualify for the Disability Tax Credit?

    Do you or a loved one qualify for the Disability Tax Credit? If you or someone you know is sick or disabled, they may qualify for the Disability Tax Credit Certificate. This will allow them to get a non-refundable tax credit of $8,416. When you apply for the first time, you will not get the…

  • Phone scams confuse and hurt everyone – be prepared!

    Nevcon Accounting recently received a phone call from an angry individual that left us angry and unhappy, too. This individual claimed his mother was receiving threatening phone calls about her tax bill and the calls were coming from our number. We explained to the caller that his mother was the victim of a phone scam.…

  • Watch out for tax schemes and scams

    If a tax-related promotion sounds too good to be true, it probably is. Before you’re tempted to click on a link or make a call, check first with your tax professional or the Canada Revenue Agency (CRA). Through this web site and our email newsletter, Nevcon Accounting will highlight new variations of tax scams that…