MAV Accounting and Tax Services Professional Corporation

Don’t wait until the tax season is here. Be proactive and contact us today to talk about tax saving strategies.

You still have some time to implement these tax planning opportunities before December 31, 2023!

Contact us to find out the details!

We go above and beyond: Every. Single. Time! Let our clients' testimonials speak for themselves.

First Home Savings Account (FHSA)

A FHSA is a tax-free savings account designed to help future homeowners save for the purchase of a qualifying first home in Canada.

Read on to see if you qualify for this program and save on your 2023 personal income taxes!

Home Office Expenses for Employees - 2023

Starting in 2023, you are no longer able to use the flat rate method to calculate the home office expense to be claimed on your personal tax return.

For 2023, you must meet the below criteria to deduct the home office expense:

1. The employee was required by his or her employer to work from home during the year; and

2. The work at home space is where the individual mainly (more than 50% of the time) did their work during the year; or

3. The individual uses the workspace only to earn their employment income. They must also use it on a regular and continuous basis for meeting clients, customers, or other people in the course of their employment duties.

Your employer must provide you with a signed Form T2200, Declaration of Conditions of Employment.

Your homework before the end of 2023:
If you meet the above criteria, contact your Manager/HR to make sure that they will be providing you Form T2200.

Have you heard?

Starting in the first quarter of 2024, CRA will increase the interest rate on overdue taxes to 10%!

If you have outstanding personal or corporate tax returns, allow us to assist in rectifying past filings before the close of another tax year. Embrace the opportunity to commence 2024 with a clean slate!

Contact us today and take the first step towards financial peace of mind!

Have you heard?
In the first quarter of 2024, CRA will increase the rate on overdue taxes to 10%!

If you have been procrastinating in filing and paying your taxes, let MAV Accounting and Tax Services Professional Corporation help you get caught up! Don't let CRA take more of your hard-earned money.

Contact us today to get started!

CRA’s rate on overdue taxes will rise to 10 per cent, causing tax advisers to shift strategy For many individual Canadians and business owners, it’s yet another cost straining their income and another burden stemming from high interest rates

Does your ‘bookkeeping’ look like that?

Organize your finances effortlessly! Our bookkeeping services turn that box of receipts into a clear financial picture. Reliable, efficient, and tailored to your needs.

MAV Accounting and Tax Services
(403) 585-2229

MAV Accounting and Tax Services Professional Corporation does so much more than accounting! We provide the services you need at every stage of your business’s lifecycle:

Corporate Tax Returns
Bookkeeping Services
Payroll Services
Compilation Engagements
Controllership
Personal Tax Returns
Advisory

www.mavcpa.ca
(403) 585-2229
[email protected]