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So far Quadrant Accounting has created 412 blog entries.

Prime Minister Trudeau Announces an $82 billion Support Package

Moments ago, the Prime Minister provided an update on the federal government’s response to the COVID-19 outbreak. Prime Minister Trudeau informed Canadians that he and President Trump have decided to temporarily restrict all non-essential travel over the border. Travelers will no longer be able to cross for recreation and tourism. However, essential travel will continue [...]

By |2020-03-18T14:51:57-06:00March 18th, 2020|Features|0 Comments

What every parent needs to know about deducting child-care expenses come tax time

If you need to pay for childcare in order to work or go to school, you can deduct what you pay for child care provided you meet certain conditions. Deductions can range from $5,000-11,000 per child and must be claimed by the parent with the lower income earned in the past year and is limited [...]

By |2020-02-28T13:14:04-07:00March 17th, 2020|Commentary|0 Comments

How to Find the Best C.P.A. or Tax Accountant Near You

Take the time to hire a reputable tax pro and review their work carefully to help ease your worries this tax season. Be careful to select the most qualified tax professional for your own particular situation. Unfortunately, there are some advertised providers who may be out to scam you. Some ways to find the best [...]

By |2020-02-28T13:13:52-07:00March 10th, 2020|Commentary|0 Comments

The CRA just redesigned the T1 Personal Income Tax return form and there are some major changes

Canadian tax filers will see the newly redesigned tax form for the 2019 tax year. The Personal Income Tax form, the T1, has been revised significantly by the Canada Revenue Agency. Instructions and questions have been altered to use more straightforward wording and language, pages have been added to accommodate the worksheet used for figuring [...]

By |2020-02-20T15:11:52-07:00March 4th, 2020|News|0 Comments

How to calculate capital gains on the sale of an income property

Capital gains sales carry tax implications, and the calculation be tricky if you’ve used your home as both a primary residence and a rental property. The catch to exclude the time it was your home from your capital gains calculation is that there's paperwork involved. Typically, you need to document the original cost, as well [...]

By |2020-02-17T14:09:09-07:00March 3rd, 2020|Commentary|0 Comments