Tax and Business Anytime Inc.

09/23/2024

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09/23/2024

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08/17/2022

We are pleased to welcome Mr. Samir Chhina as our consultant lawyer. Going forward Samir will handle all tax appeals for our clients.

03/21/2022

We are ready for the 2022 Tax season. Covid 19 may have changed your tax situations as many of the CRA regulations have been changed. Let us help you submit a complete and thorough return incorporating any necessary changes that is required under the new scenario.

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03/10/2022

Hello Friends
We are ready for the 2022 Tax season. Covid 19 may have changed your tax situations as many of the CRA regulations have been changed. Let us help you submit a complete and thorough return incorporating any necessary changes that is required under the new scenario.

Tax and Business Anytime Inc. is the home of a team of professionals from different fields of business and finance.

10/26/2020

LATEST ON FINANCIAL ASSISTANCE FROM GOVERNMENT OF CANADA

For Individuals

1. Canada Emergency Response Benefits CERB

Available for the period between 15, 2020, to October 3, 2020 (paid every four weeks). You may apply till December 31, 2020, if you have not applied before or for any missing periods.

2. Canada Recovery Benefits

Replaces CERB for 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.

3. Canada Recovery Caregiving Benefit
4. Canada Recovery Sickness Benefits
5. Employment Insurance

Please Call us if you need assistance in applying for any of these Benefits. 647-345-5759/647-528-1586/647-891-4023

10/07/2020

Canada Emergency Response Benefit (CERB) ended on September 26. If you have missed a payment, you may still apply retroactively.

If you have received CERB, keep in mind that your total income (inclusive of CERB) should not have exceeded $21,000 during the 26 week period. If the income was more than $21,000 you should consider to pay back the incremental amount now to avoid penalty and interest.

Please note that Pensions, student loans and bursaries are not employment income and therefore, should not be included in the $21,000.

07/02/2020

Good Times will be Here Again
but now is the time to focus on your finances :

Here are some suggestion from GPK Advisories:

1. Wills and POA's should be reviewed to see whether they need to be updated.
2. Review all insurance policies to see whether they fit with your current circumstances.
3. Restructure debts to take advantage of lower interest rates.
4. Use the CRA 1% interest rate, as of July 1st, for loans to family members and trusts.
5. Since values have declined, consider an estate freeze for your assets. It's also an opportunity to complete a second freeze on assets that had been frozen in the past.
6. Arrange to borrow funds for investment purposes and lock in a low interest rate for the next five years, at least.
7. Given the turmoil in the equity markets, review your investment strategy.
8. Consider how you can earn a better return on the fixed income component of your portfolio in a low interest rate environment for the foreseeable future.
9. Restructure your finances to reduce your family's overall tax burden.
10. Review your annual expenses and decide what you can eliminate.

03/10/2020

Tax Returns - Difficult and Complex
If you have a complex financial situation — own your own business, hold numerous investments, are divorced and paying alimony, working freelance, sold a commercial real estate last year for example — you may want to use a professional. Call us at 647-345-5759 to make an appointment.