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Posted on December 13, 2021

HOW TO CLAIM YOUR HOME OFFICE AND UTILITIES AS A BUSINESS EXPENSE

Non-residents must maintain a Canadian address and may be eligible for certain deductions on their Canadian income tax return. If you have an office inside your home, you can deduct the expenses related to it as a Canadian resident. The cost of rent, heat, light, power and property taxes are all deductible business expenses if they relate to the use of the space inside your home. Claim Your Home Office and Utilities as a Tax Deduction! Canada Revenue Agency (CRA) allows Canadians to claim home office expenses as an ongoing tax loss. The deduction is a percentage of your property…
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Posted on December 13, 2021

In Canada Claiming Medical Expenses, What You Need to Know

Claiming Medical Expenses Health care costs in Canada are costly. Canadians can claim medical expenses on their taxes as long as they have the receipts. This means that people who are self-employed, unemployed, or retired may not be able to claim them on their taxes. Medical Expenses That Qualify Canadian health care is mainly funded by the government. That is why Canadians usually don't need to worry about how to pay for medical expenses. There are some exceptions, however, in Canada that may require patients to shoulder the cost of their treatment. If an individual is able to afford it,…
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Posted on December 13, 2021

In Canada How to File Taxes for Someone Who Has Passed Away & What Documents Are Required

An individual can make a will to keep their family, friends, or charities in mind. It is important that the person passes away before making a will. If an individual has not made a will before passing away, then they are considered to have died intestate. If the person has not made a wills there are more steps that need to be taken. The person must have an estate representative who is legally given permission by the court of probate to handle the affairs of the deceased including issuing any notices required by law. What Do You Need When Filing…
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Posted on December 13, 2021

In Canada What Are Tuition Tax Credits and What Do They Mean for You?

Tuition Tax Credits are gifts given to the Canadian population by the government. It's a way for the government to say thank you for your hard work and investment in your education. Since these tax credits are gifts, there is no need to pay your tuition upfront before you can claim them on your taxes. You can claim them on any year that you have paid at least $100 worth of tuition fees. How to Calculate the Tuition Tax Credit You can claim tax credits for your child's tuition, but you need to know the credits you are eligible for.…
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Posted on December 13, 2021

Reasons Why You Need to Hire an Edmonton Small Business Accountant

This is why you need to hire an Edmonton small business accountant: Accounting firms in Edmonton offer tax planning and tax preparation services. They can also help in reducing your taxes and they can help you make more money by providing advice on how to manage your money better. The accountants in Edmonton are qualified and experienced professionals who know the ins and outs of taxation. You can rely on them for clear explanations, advice, and solutions to complex accounting problems. The accountants in Edmonton will ensure that all your financial information is up-to-date through analysis, examinations, research, communication with…
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Posted on December 13, 2021

Hiring a Personal Accountant in Edmonton

It’s not an uncommon event for people to find themselves in need of the services of a personal accountant. They are often needed by freelancers, self-employed individuals, or other professionals that have an irregular schedule. Accountants are often hired to help individuals navigate their taxes or manage their finances. They provide advice on how much to save and when to invest in order to increase the possibility of retirement savings. The services provided by one-person accountancy firms may include bookkeeping, tax preparation, consulting, and coaching. What is a Personal Accountant and Why do I Need One? A personal accountant is…
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Posted on December 13, 2021

Why You Should Hire a Corporate Tax Accountant in Red Deer to Help with Your Taxes

It is important to have a corporate tax accountant help with your taxes because it can make a big difference in the amount of money you end up paying. A professional accountant will be able to help you find any deductions and credits that you may be eligible for. Tax law changes constantly, and a corporate tax accountant will be able to keep on top of those changes so that you don't have to worry about getting audited or having penalties put on your company. What is a Corporate Tax Accountant in Red Deer Alberta Canada? The accountant is a…
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Posted on December 13, 2021

Find the Best Corporate Tax Accountant in St Albert

Best Corporate Tax Accountant in St Albert In Canada, there are different types of taxes to pay for. The most common ones are the federal, provincial and municipal taxes. In order to make sure that you comply with the law, it is important to hire a good accountant for your company. The best corporate tax accountants in St Albert can help you understand and keep up with the latest changes in legislation. They will also provide consultation on tax credit and deductions that may be eligible for your business or organization What is a Corporate Tax Accountant and what they…
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Posted on December 13, 2021

Bookkeeping Services in Fort Saskatchewan Alberta Canada

If you are a small business owner in Fort Saskatchewan, then you will know that it is difficult to keep track of your finances. You have to be aware of how much money you are making and how much money you are spending. This is why it is essential to hire an accountant. What is Bookkeeping in Fort Saskatchewan? Bookkeeping is the practice of recording financial transactions. This includes everything from calculating sales tax to paying bills, paying taxes and more. Bookkeepers often use software to keep track of all the data and information that needs to be recorded. Bookkeeping…
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Posted on December 13, 2021

Accounting and Tax Services in Fort Saskatchewan

Accounting and Tax Services in Fort Saskatchewan Before we get into the services we offer, it is important to understand a little bit about what accounting and tax professionals do. We help organizations and individuals with many aspects of their finances, from day-to-day transactions to long-term planning. The best thing about our service is that it is tailored specifically for your business. For a little more insight into what we do, please see below: Tax Preparation: Helping people keep up with their taxes so they can avoid penalties Accounting Services: Accounting professionals handle all aspects of day-to-day transactions and long-term…
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  • Bomcas Canada Accounting
    Online Services
    181 Meadowview Bay
    Sherwood Park
    Alberta T8H 1P7
    Canada

  • Bomcas Canada Accounting
    6063 88 St NW
    Edmonton
    Alberta T6E 5T4
    Canada

  • 780-667-5250

  • info@bomcas.ca

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