SCARROW YURMAN & CO - Just another WordPress site

Apr 16 2018

0

Tax Credits vs Tax Deductions – What’s the Difference?

Although these two terms are used interchangeably, when you’re discussing tax credits and tax deductions you’re not comparing apples to apples. They are very different and knowing the differences is helpful. Tax we owe in any given year is not based solely on our income but is also affected by

Continue

2

Mar 21 2018

0

Personal Tax Season – Overcome Stress By Being Prepared

“By failing to prepare, you are preparing to fail.” With this sobering advice in mind, we have prepared some tips to help you get organized and avoid unnecessary stress this personal tax season. TIP #1 – Mark your calendar. Know your deadline. For individuals, the deadline is April 30, 2018.

Continue

2

Feb 14 2018

0

Tax Credit Changes – 2017

CRA giveth and CRA taketh away. Actually, more “taketh” than anything! As you run around getting all your tax slips in order, we wanted you to be aware that the CRA has nixed some tax credits and modified some current ones for 2017. Here are a few key changes: The

Continue

2

Jan 02 2018

0

Cloud-based Bookkeeping Software – A Word of Caution

Over the years we’ve learned that: A “server” doesn’t always refer to the person at your favourite restaurant; A “router” isn’t simply a power-tool; and a “floppy” doesn’t merely describe your best sun hat! Perhaps now you’ve heard the latest “techy” phrase “the Cloud” and you’re wondering: What is this

Continue

2

Nov 08 2017

0

Registered Education Savings Plan (RESP): Withdrawals

So, you did your homework and started a RESP for your child. Bravo! However, now junior is grown up and ready to go off to University – YIKES! Where did the time go? Certainly, time can seem as fleeting as our money. Below are some tips to ensure the RESP

Continue

1

Sep 26 2017

1

Fraud – It’s Rampant!

Think fraud can never happen to your company? Think again! Fraud can cost business owners a ton of money and time! We’ve seen it happen! The “Outside Job” A client shared this disturbing story with us. Our client’s daily routine was to fill up their fuel truck so their driver

Continue

1

Aug 15 2017

0

Going Green in the Workplace

Green with envy – move over! We’re green with pride! The same core values Scarrow Yurman & Co. are known for, such as ethics, loyalty and proactiveness has motived our office to make the necessary changes so we can enjoy an echo-friendly workplace. We think deeply about the implications of

Continue

2

Jul 25 2017

1

Cyberattacks – Are You at Risk?

Gone are the days of Sears catalogues, telephone books or TV Guides delivered to our door. The Internet has revolutionized the way we shop, are entertained, research information, connect with friends and family – even pay our bills. However, though we appreciate what we GET from this powerful tool, we

Continue

2

May 16 2017

1

Disability Tax Credit – Are You Eligible?

How do you know if you are eligible for the disability tax credit (DTC)? CRA’s website has a tool available where you can review some questions in order to figure out whether you are eligible to apply for the Disability Tax Credit Certificate. If you want to go through the

Continue

1

Apr 10 2017

0

Personal and Corporate Tax Instalments

An instalment payment is a partial payment of the total amount of tax payable for the year. Instalments are not paid in advance; they are paid during the calendar year in which you are earning the taxable income. Personal Tax Instalments Not every person is subject to paying by instalments. If you have

Continue

1

Apr 04 2017

0

Deadlines and Penalties For Individuals and Families

Filing personal returns on time is crucial. This is especially important when you have a balance owing because the CRA will charge you a late-filing penalty based on that amount. The only time when these penalties can be waived is if there were extraordinary events that are out of your

Continue

1

Mar 27 2017

0

2017 Federal Budget Commentary

The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next couple of years: attempted efficiencies, closed tax loopholes, steady deficits, and a touch of caution. Click Here Click here to read our Federal Budget Commentary. For a more detailed budget review visit http://www.budget.gc.ca/2017/home-accueil-en.html.

Continue

1