Legal fees — what’s deductible and when? (October 2017)
For most Canadians, having to pay for legal services is an
infrequent occurrence, and most Canadians would like to keep it
that way. In many instances, the need to seek out and obtain legal
services (...
Tax changes affecting the upcoming school year (September 2017)
The end of summer means back to school for students of all ages.
For parents of elementary and secondary school students the focus
is on obtaining back to school clothes and supplies and starting
the ...
Charities and political activity (September 2017)
Although they aren’t usually thought of in such terms, Canadian
charities, as measured by the amount of money they receive and
administer, can be big businesses. However, because they collect
an...
Claiming the Guaranteed Income Supplement (September 2017)
Most Canadians approaching retirement know that they will be able
to receive retirement income from the Canada Pension Plan and Old
Age Security programs. Many, however, are unaware that there is a
th...
When you owe money to the Canada Revenue Agency (September 2017)
The Canada Revenue Agency (CRA) doesn’t publish information or
statistics on the number of individual taxpayers who owe it money
in the form of back taxes, interest, or penalties. Nonetheless,
i...
New Quarterly Newsletters (August 2017)
Two quarterly newsletters have been added—one dealing with personal
issues, and one dealing with corporate issues....
Responding to a first instalment reminder from the CRA (August 2017)
Sometime around the middle of August, millions of Canadians will
receive unexpected mail from the Canada Revenue Agency (CRA), and
that mail will contain unfamiliar and unwelcome news. Specifically,
t...
Understanding the CPP post-retirement benefit (August 2017)
The traditional idea of retirement – working full-time until age 65
and then leaving the workforce completely to live on
government-sponsored and private sources of retirement income –
has...
The CRA’s post-assessment review process (August 2017)
While Canadians typically think of taxes only in the spring when
the annual return must be filed, taxes are a year-round business
for the Canada Revenue Agency (CRA). The CRA is busy processing and
is...
Getting a mortgage now – what’s a “stress test”? (August 2017)
The Bank of Canada’s recent decision to raise interest rates
generated a lot of media attention, for the most part because while
the increase itself was only one quarter of a percentage point,
i...
CQK Chartered Accountants LLP is a full service CA firm catering to the needs of both small/medium size businesses and individuals in the local community. At CQK, we pride ourselves on "listening" to our clients. We provide business, tax and accounting services as well as meaningful feedback about compliance, new tax laws, and cash flow problems that will enhance your business, minimize your taxes, and help you reap the fruits of your labor.
We invite you to visit our office and sit with one of our experienced professionals who can tailor our accounting and consulting services to fit your business.
Member: Canadian Institute of Chartered Accountants and Institute of Chartered Accountants of Ontario.
