Kantor Business Solutions

Tax season is upon us! Our T1 (Personal Tax) Package was released today, download it at the link below. When you're ready to file your T1 return including T4, self-employment, rental, pension, and other income contact us for prompt, courteous, and professional income tax return preparation. We can begin filing your return on February 22, 2021 for the 2020 tax year. We look forward to hearing from you.

Attention businesses The last day to submit a claim or make a change to an application for CEWS periods 1 to 5 is February 1st, 2021. http://ow.ly/TlYW50Dk8zq #CEWS #CdnBusiness

Knowing the cash coming into and going out of your business is essential in helping you plan ahead for your business and prevent cash flow issues. Your QBO subscription includes the tools and information you need to prepare cash flow forecasts. Need help? Get in touch with us and we can handle it for you! :)

The CRB is a CRA benefit designed to help those who have lost more than 50% of their income and do not qualify for EI. Does this apply to you? Check out this info from the CRA for details.

March 1, 2021 is the deadline for contributing to an RRSP for the 2020 tax year. Can't meet the deadline? Don't worry, any contributions you make after this date and until early March of 2022 will simply apply to your 2021 tax return due next year.

Did you start a small business or are you considering doing your own bookkeeping? Check out this guide to help you understand what's involved. ...Get in touch with us if you need someone else to handle your books for you. We are knowledgeable, experienced, and strive to help you and your business succeed!

This informative post from BDO Canada helps you understand any eligible home office expenses you may be entitled to and how to claim them. Contact us to get started on your tax return due April 30, 2021 (or June 15, 2021, if you're self-employed).

Employee? Working from home? Have you heard that you’re eligible to claim a deduction for the expenses required to do your job? Unsure about what you can claim? Details here on how you can claim the deduction http://ow.ly/mS8950CX7tF

Make sure you’ve filed your 2019 taxes as soon as possible so your benefit payments aren’t stopped. If you file too late you may need to repay your July, August, and September payments. Here’s help to get you started: http://ow.ly/isWe50ALEnw

As a proud CPB, I'm extremely excited for the launch of the newly redesigned Certified Professional Bookkeepers of Canada brand which is the leading professional and career development organization for bookkeepers in Canada. Here at KBS (Kantor Business Solutions), we are looking forward to the changes and ongoing support that CPB Canada provides to highly skilled certified professional bookkeepers. When you hire our firm, you have the assurance that you are hiring a knowledgeable professional held to the highest of industry standards to look after the records and financial affairs of your business and we look forward to serving you for many years to come. #CPBCanada #Bookkeepers #BookkeepersRock #bookkeeping #accounting

If you have questions about the CERB or the CEWS that aren’t specific to your particular situation, like eligibility and how to apply, we encourage you to call ...our general information line at 1-833-966-2099 as wait times are shorter. For specific information such as My Business Account access, payment requirements, or GST and corporate income tax filing information, call the CRA’s Business Enquiries line at 1-800-959-5525. CERB: http://ow.ly/w97R50zmVVI CEWS: http://ow.ly/3MBm50zmVVJ