Accutype Business Solutions

Accutype Business Solutions Kick!Ass Accountant, $$$$ Tax Savings, Fiscal Fiascos welcome - Construction, Building Trade Specialist.

Moving to a new home? You might be able to claim moving expenses on your taxes! The Canada Revenue Agency (CRA) allows d...
08/25/2025

Moving to a new home?

You might be able to claim moving expenses on your taxes! The Canada Revenue Agency (CRA) allows deductions if you move at least 40 km closer to a new job or school, with eligible costs like transportation, storage, and temporary living expenses (up to 15 days).

Keep receipts and check CRA guidelines for details—great way to save!

Missed a Tax Filing? Fix It with the CRA Voluntary Disclosures Program! Don’t stress over past tax mistakes! The Volunta...
08/24/2025

Missed a Tax Filing? Fix It with the CRA Voluntary Disclosures Program!

Don’t stress over past tax mistakes! The Voluntary Disclosures Program (VDP) gives Canadians a second chance to correct errors or unreported income (e.g., from side gigs or foreign assets) before the CRA catches on.

Here’s the basics:

What it does: Lets you fix past tax returns or file unfiled ones, avoiding penalties or prosecution.

Who qualifies: Anyone who comes forward voluntarily before CRA contacts them, with complete info and taxes owing (plus interest).

Key step: Apply using Form RC199 or a letter, and act fast—relief depends on full disclosure!

Sold Your Home? Save on Taxes with the CRA Principal Residence Exemption! Good news, Canadian homeowners! The Principal ...
08/24/2025

Sold Your Home?
Save on Taxes with the CRA Principal Residence Exemption!

Good news, Canadian homeowners! The Principal Residence Exemption (PRE) can make your home sale tax-free if it’s your primary residence. Here’s the scoop: What it is: Exempts capital gains (e.g., $300K profit from a $500K to $800K sale) if you’ve lived there.

Who qualifies: You, your spouse, or kids must have lived in the home, and it’s one per family per year.

Must report: Since 2016, report all sales on your taxes (Schedule 3 & Form T2091) to claim it—don’t skip this or face fines!

Enjoy the twilight of a tax-free sale! Visit canada.ca for details or consult a tax pro. Share this with friends selling their homes!

Address

South Coast Drive
Nanticoke, ON
N0A1L0

Telephone

+1 905-537-0646

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