2018 Tax Filing Changes

Author: Patncat Co Inc. | Jan 16, 2019 | Categories: Administration Services , Bookkeeping Firm , Bookkeeping Services , Business Consultant , Certified Professional Bookkeeper , Certified QuickBooks ProAdvisor , Company Credit Check , Payroll Services , Personal Income Tax , Small Business Bookkeeping , Startup Business Consulting , Strategic Business Planning , Tax Preparation , Tax Preparer , Tax Services

Blog by Patncat Co Inc.

Once again, we are gearing up for the tax season. Taxes for Canadians are due April 30, 2019. For Proprietorships and other business due June 15, 2019, but if you owe it's due April 30.

Changes

Home relocation loans deduction repealed.
Cost of animal and certain related expenses are eligible for a medical tax credit
Mineral exploration tax credit for flow-through investors
Eligibility for clean energy is extended
Split Income for business

These are just highlights of the changes… for a more in-depth explanation go to the Canada revenue website, ask your tax preparer, or your accountant.