Now is the time to prepare for your 2016 personal income taxes and determine if you want or need to contribute into a RRSP. Not sure? Call or email to discuss further details.
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If your adjusted net income in 2016 or prior years was less then $30,000 you are eligible for MSP premium assistance. If this applies to you or your family we can help you with the application. Please call or email to set up an appointment to discuss further details.
It is great to work with the owners of Heemskerk Accounting. It’s not only the accounting, which is excellent, but also the connections they have created. They have referred people to me they know were able to improve my business. They think about the business and about me as a person, it makes me feel included.
We meet once a month. They are very clear in what they do. They also help my staff whenever they have a payroll or tax question or anything else. They keep the things simple and go the extra mile. They take away the accounting and banking needs of my shoulder. They look after timely payments and cash flow so I don’t have to worry about it. In summary, they take the stress away from me so I can focus on the daily business duties including looking after my clients and my staff. Janna Knott, owner The Clean Gecko http://www.thecleangecko.com/ Heemskerk Accounting is wishing you ALL a merry Xmas and all the best for 2017!
You can make contributions to a RESP to save money for your child's education. Universities are expensive nowadays. The plan will help to avoid your child starting with a debt after finishing his / her education.
The contributions are made with after tax dollars. Investment income realised by the funds are taxable when your cild is attending a post secundary institute. However because ormally CRA requires to report the sale of a principal residence on or after January 1, 2016 on your 2017 personal income tax return. If this applies to your situation we can discuss more into details what this means for you.
Did you know the CPP will increase from 4.95% to 5.95% in a few years? Are you and your business prepared to see payroll expenses increase? We can advice you how to prepare for the 20% CPP increase!
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