MBS Financial Group

CRA targets tax-avoiding merchants using Square payment system Canada Revenue Agency is requesting Square Canada Inc. hand over data for all Canadian sellers who took in more than $20,000 annually between 2012 and 2015 or between January 1, 2016 and April 30, 2016

Don't forget: You still need to report income earned renting out part of your home and income earned in other ways that are part of the sharing economy. Read More!

Involved in the sharing economy? Know your tax obligations! The sharing economy is a technologically fuelled way to consume and access property and services. In this economy, communities pool, loan, and share their resources through networks of trust.

No one likes the thought of being in debt to the CRA. Here is an article that shows how you can make payment arrangements if you can't pay in full.

What you need to know about payment arrangements Do you have a balance owing? Can’t pay in full? Work with the Canada Revenue Agency to resolve your tax debt now!

Are you an educator?

Eligible educators: you can now claim your school supplies! The Government of Canada values the contribution teachers make providing young Canadians with the education and skills they need to join a strong middle class.

Spring time has many thinking of renovations to their home. Did you have any renovations to your home last year?

Renovating or rebuilding your home? Protect yourself by getting it in writing Did you know? Paying for a job

Did you incur medical expenses in 2016?

Did you have medical expenses? You may be able to claim them on your income tax and benefit return You can reduce the amount of federal tax you pay by claiming a non-refundable tax credit on a wide variety of medical expenses, including hospital services, nursing home fees, and medical supplies.

As a student you've got a lot on your plate. What better way to easy the tax burden for the 2016 year then by reading this article with useful information on current deductions and credits.

A student's guide to surviving tax season A refresher on the current deductions and credits Canadian students can use to lessen their tax burden for the 2016 tax year.

From the team at MBS Financial Group. have a Happy St. Patrick's Day! Speaking of things that are GREEN.... We are going green!

In order to achieve this goal, we are working towards setting up all our clients on our Portal system. Using the Portal will not only save paper and the environment but is a secure way to transfer documents back and forth with our clients.

Documents can be uploaded to the Portal for both the client and MBS Financial Group staff. Examples of uploads can include Personal Tax Returns, your Company’s Financial Statements, your Will & Testament, or the deed to your home.

Using the Portal allows you to receive documents in an electronic format, allowing you to have information you need at your fingertips whenever you need it and from wherever you are. So, the portal is safe, secure and simple. We believe in this and we are sure you will also.

How to register?
Reply to this post to confirm registration, after which you will receive an e-mail from our Portal system with log in credentials. Please use Internet Explorer when signing onto the Portal https://cchportal.ca.

Once you are signed up you will see 2 folders [To Firm] where you will upload any documents that you would like us to view, and [From Firm] where you will download documents from us.

Questions?
Please contact Shirley Gonzalez at [email protected] or 905-819-8035 ext. 226.

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Are you aware of what's new for corporations for the tax-filing season?

What's new for corporations or more, as reflected in its consolidated financial statements, in the immediately preceding fiscal year. In Canada, it applies to fiscal years of the MNE group beginning on or after

What IS the small business deduction?

What you need to know about the small business deduction What is the small business deduction? Eligible businesses can claim the 17.5% small business deduction on their first $500,000 of income, with some limitations. You can use the resulting tax savings to help your business grow.

Jeff Immelt, the CEO of General Electric once said that he has only two items in his job description:

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Have you ever heard that one about horses midstream?

Avoid changing horses in midstream – Elevate Articles PANALITIX