Kraska Group Accounting

You could have uncashed cheques, rebates, refunds, and payments in your CRA account 💲✨️💲✨️

Read below how to check your account:

1. Log into your "My CRA Account"
2. On the right of the screen is a link called "Uncashed Cheques". This will bring you to a screen which will show if you have any uncashed items.
3. If you do - download the form by clicking on the link beside the uncashed amount.
4. Sign the form by yourself and a witness (who must be a non family member).
5. Submit the form through your portal.

A new cheque will be issued within 6 weeks of the form submission.

Need further assistance? Give us a call today!

Driving your own motor vehicle for work purposes can pay off at tax time! Check out this post to see if you are eligible for this deduction.🚘💲

Get in touch with us today!
[email protected]

Do you work from home? Check out this post to see what you can deduct from your home expenses on your taxes. It's an easy tax strategy to boost your tax benefit that a lot of people forget about! 💻☕️

Get in touch with us today!
[email protected]

📣Calling all CANADIANS & late filers!
It's never too late to get your taxes filed! 📝🧮💻

Email us today!
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March is finally here and it is definitely feeling like spring outside 🌞🌷
Meanwhile inside we are in the midst of tax season and working hard to get you 2023 taxes done 💵

Get in touch today! [email protected]

Let's talk about RRSP Contributions. 2023 may be over but you still have until February 29, 2024 to contribute to your 2023 RRSPs.

By understanding your income, tax bracket and contribution limit it can help you decide if taking action to top up you RRSPs if right for you.

With proper planning and understanding - RRSPs are a great way to help reduce the taxes you owe.

Nerd tip: even though you have to record RRSP contributions made during the first 60 days of 2024 on your 2023 taxes, you don’t have to apply them as a tax deduction on this return. Instead, you can elect to carry the amount forward to your 2024 tax return — or another future year.

Still have questions?
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ATTENTION: UBER & LYFT DRIVERS❗️

Uber, Lyft and grocery delivery partners are all considered self-employed or independent contractors. This means that income tax is NOT deducted from your earnings you receive from Uber.

Keep in mind drivers will not receive a T4 slip from Uber or Lyft and instead are required to fill out a T2125 form. It is your responsibility to keep track of your earnings and expenses to reduce the amount of tax you owe.

Get in touch with us today!
[email protected]

Summer is coming to an end and many have been reaching out to know how can they prep for the upcoming tax season.

You may have heard about the Ontario Staycation Tax Credit introduced in 2022 - unfortunately this was not renewed for 2023. The Ford government introduced this tax credit as a one-year measure to help the industry recover after being hit hard by lockdowns.

We hope everyone is enjoying the last few days of warmth and sun as the season of pumpkins and falling leaves fast approach!

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A frequently asked question: what is the difference between Tax Credits and Tax Deductions? Swipe to find out!

Stay tuned to learn about common credits and deductions.

Still have questions? Send us a note and we can help you understand which credits and deductions are right for you!

[email protected]

That's right! We do taxes and now is the time to get in touch and get your 2022 taxes filed before the April 30th deadline!

Did I mention - in addition to Personal Income Tax we also cater to Sole Proprietor, GST/HST, and back filing!

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