JKL Consulting Services

JKL Consulting Services Contactless Accountant; Zoom meetings; Stress Free Tax Preparation
Tax Accountant - Jessica Lee

****Canada Carbon Rebate for Small Businesses****Get ready for the Canada Carbon Rebate for Small BusinessesBudget 2024 ...
06/27/2024

****Canada Carbon Rebate for Small Businesses****

Get ready for the Canada Carbon Rebate for Small Businesses

Budget 2024 announced the new Canada Carbon Rebate for Small Businesses which is designed to return a portion of federal fuel charge proceeds to eligible Canadian-controlled private corporations (CCPCs).

CCPCs can get ready by filing their corporate income tax return for the tax year ending in 2023 by July 15, 2024.

Learn more about the eligibility criteria and other details :

The Canada Carbon Rebate for Small Businesses is a refundable tax credit announced in Budget 2024 to return a portion of federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs).

Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of p...
12/06/2022

Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have dental insurance, leaving many unable to visit an oral health professional to get the dental care they need.

On December 1, the Government of Canada announced that applications for the new interim Canada Dental Benefit are now open. The Canada Dental Benefit will give eligible families up-front, direct payments of up to $650 a year per eligible child under 12 for two years (up to $1,300) to support the costs of dental care services.

In order to ensure potential applicants are aware of the new benefit, the CRA will be issuing over 800,000 emails to prospective recipients who have signed up for e-mail notifications providing an overview of the benefit and advising on how they can apply. Unlike most e-mails from the CRA, clients will not be required to access MyAccount to read an additional message.

About the Canada Dental Benefit

Depending on the adjusted family net income, a tax-free payment of $260, $390, or $650 is available for each eligible child. This interim dental benefit is only available for 2 periods. Recipients can get a maximum of 2 payments for each eligible child. Benefit payments are administered by the Canada Revenue Agency.

The first benefit period is for children under 12 years old as of December 1, 2022 who receive dental care between October 1, 2022 and June 30, 2023.

In order to access the benefit, applicants must meet all of the following criteria:

They have a child or children under 12 as of December 1, 2022 and are currently receiving the Canada Child Benefit (CCB) for that child;
They have an adjusted family net income of less than $90,000;
Their child does not have access to private dental insurance;
They have filed their 2021 tax return; and
They have had or will have out of pocket expenses for their child’s dental care services incurred between October 1, 2022 and June 30, 2023, for which the costs are not fully covered or reimbursed by another dental program provided by any level of government.
More information on the Canada Dental Benefit can be found here: Canada Dental Benefit - Canada.ca

10/31/2022

Do you know what you can (☑️) and can’t (❎) deduct as a personal services business? Here are some examples:

☑️ salary/wages
☑️ certain legal expenses

❎ office supplies
❎ travel expenses

Check out the full list: http://ow.ly/nmxr50LfsRW

Very interesting and easy to apply. If your child needs extra help to catch up, these payments can go towards tutoring!
10/20/2022

Very interesting and easy to apply. If your child needs extra help to catch up, these payments can go towards tutoring!

The government said parents can apply for the payments through a secure website.

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Oshawa, ON

Opening Hours

Monday 9am - 3pm
Tuesday 9am - 3pm
Wednesday 9am - 3pm
Thursday 9am - 3pm
Friday 9am - 3pm

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