E Accounting Services
93 Pownal Street C1A 3W4 Charlottetown, PE, Canada

Day 24: We've missed the last couple of tax tip postings so today we are doubling up! April 30th is the due date for filing and paying your personal taxes. June 15th is the deadline for filling for individuals with a small business but the payment deadline is still April 30th!... One other tip we have is to be sure to file your return on time! Even if you don't think you can pay what you owe right away; it's still a good idea to file on time to avoid any late filing penalties.

We can help you determine what expenses you can claim for your business!

Day 19: Today's tax tip is for first time homebuyers! Did you know that there is a $5,000 credit available on your federal taxes if you buy a home for the first time? You qualify as long as both you (and your spouse if applicable) have not owned a home in the last 4 years.

Day 18: Today's tip is for sole proprietors! Did you know if you make more than $3,500 you're not just going to paying taxes on it? You're also paying CPP. Both your share and the employers share - because you are the employer! This can be a bit of a surprise for some people their first time filing with a small business.

Day 15: We've missed posting tax tips the last couple of days so today we will be posting a few different tips on RRSPs: -An RRSP lowers your taxable income by the amount of the contribution. -There is a limit on how much you can contribute to RRSPs. It builds up over time based on your earnings. Your contribution limit can be found on your CRA account or on your last tax return. -Did you know you don't have to be retired to take money out of your RRSP? You can take it out... at any time - you'll just be taxed on it. The rate you are taxed depends on your income. -Exceptions to this would be the Home Buyers Plan or the Lifelong Learning Plan. With these plans you can take money tax free out of your RRSP to put down a down payment on a house/pay for tuition. The only catch is that you must pay it all back into your RRSP based on CRA's repayment schedule or the annual repayment amount will be added on to your taxable income. See more

Please note that due to the impending weather our office will be closed today, February 2nd. However, our staff are working remotely and can be contacted via email.

Congratulations to all the finalists!

We know this time of year can get busy so we wanted to pass along a couple of upcoming deadlines so nothing gets missed! JAN 31 2021 -If you are a quarterly HST filer with the period ending Dec 31 this is your filing deadline. ... -This is also the last day to apply for CEWS for the periods March - Aug 2020. So if you haven't done that yet make sure you/your accountant get on it!

We were bound for some good news in 2021! Here are some of the new tax changes for this year: Effective January 1, 2021, Islanders will be able to apply for a non-refundable wellness tax credit of $500. The Children's Wellness Tax Credit is for all families with children under the age of 18 for eligible activities related to their children’s well-being. Eligible activities could include sports, arts, cultural camps. Be sure to save any of those receipts to claim! ... The federal and provincial basic personal tax exemptions have also increased for 2021 to $13,808 and $10,500 respectively. ***Note: All these changes come into effect for 2021 so they will be applicable on NEXT year's tax returns.

Wishing a happy, healthy, and prosperous new year to all of our friends, family, and clients. Cheers to 2021!

Check your email for a message from CRA stating that your direct deposit information has been changed.

If you haven’t filed your 2019 tax return, there’s still time! Call us at (902) 367-3323 to book an appointment Updated filing & payment deadlines from CRA:

In this time of uncertainty, the safety and well-being of our clients, staff and community is our top priority. While our office remains open to staff, we are following the Public Health Agency’s recommendations to avoid unnecessary in-person contact so we will be operating with reduced staffing and opening hours (Monday Thursday, 9am-5pm). This is subject to change without notice should the Public Health Agency advise differently. We are fortunate that we can leverage te...chnology to stay connected to our clients in a variety of ways. We are available through: Phone: simply call 902-367-3323 for assistance, during our new business hours to speak to a member of our team or leave a message Email: all members of our team are monitoring and responding to their emails. For email enquiries specific to personal taxes or any other general matter, please contact us at [email protected] Virtual meetings: We can use Google hangouts, Zoom, FaceTime or Skype to conduct virtual face-to-face meetings if necessary Document drop-off: A paper dropbox is available just inside our office door to drop off paperwork for taxes during our new office hours. We are also working on setting up a secure mail dropbox just inside the front door of the building. Please include your name, phone number and email address so you can be contacted later with questions or requests for further information. We do ask that if you can avoid it please do not visit our offices, especially if you: Are experiencing any of symptoms of illness Have recently travelled or live with someone who recently travelled by aircraft Have been in contact with someone known to have COVID-19 or experiencing symptoms similar to the Flu or COVID-19. If you do need to visit our offices, please be mindful of maintaining the recommended social distance of 6ft. We will continue to monitor the situation and provide updates as necessary. Thank you for your patience and understanding during this difficult time. Best regards Emma Fugate and the E Accounting Team E Accounting Services Emma Fugate - President WE HAVE MOVED (next door) - as of Aug 1 2019 our address is: 93 Pownal St, Charlottetown, PE, C1A 3W4 T 902-367-3323, F 902-367-3324 www.eaccountingservices.ca

We have moved!! After a big packing day Tuesday, on Wednesday we left our home of 8 years to move next door to 93 Pownal St!

Check out Emma's feature in the Buzz!

"A successful film and television industry benefits all Islanders," says Film PEI's Emma Fugate.

Tackling your taxes? Here are some changes that could mean big bucks either way

Want to own part of a P.E.I. film?

Please be advised that we will be closed for the remainder of the day due to weather

Wishing everyone a wonderful New Years Eve celebration and all the best for 2018 from All of us at E Accounting! https://goo.gl/images/X73EGw

It was great to celebrate my birthday Wednesday with the E Accounting crew & to introduce Breanna & Brett to their first taste of sushi!

Please be advised that we will be closed December 22, 2017 - January 2. 2018. Happy Holidays from all of us at E Accounting!

"When there's an apology due we do apologize."

Our friends at Salty would love you to enter their contest!

When a movie is filmed on location it means jobs for local residents on the creative side with actors and writers; on the technical side with set designers, c...ostume makers, lighting and technicians - and also for others, from carpenters to accountants. Island accountant Emma Fugate says PEI's new culture strategy will be a much-needed shot in the arm for the film industry. Read more here: https://www.princeedwardisland.ca//silver-screen-investmen Learn more at princeedwardisland.ca/culturalstrategy

Please be advised that there will be no client parking in front of our office Friday, November 10, 2017 due to paving. We are still open regular hours.

CONGRATULATIONS to the winner of PEI PORKTOBERFEST BEST CHEF 2017... HUNTER'S ALE HOUSE for their HUNTER'S CORNITA! Pictured left to right: Rob Dover of Fresh Media, Paul Larsen - Chair of the PEI Hog Producers, Chef Paul Oulton and Steve Barber of Hunter's Ale House.