Cantac Tax & Accounting

12/14/2024

GST/HST Tax Break in Canada

GST/HST tax exempts starts today, Saturday December 14th and ends on February 15th.

Here is a list of Tax-Exempt Items in this period:

Food and Groceries:
- Prepared foods (e.g., sandwiches, salads, platters, pre-made meals)
- Snacks (chips, candy, baked goods, fruit-based snacks, granola bars)
- Certain energy bars (if considered food by Health Canada, not enhanced)
- Gift baskets (90%+ qualifying food/beverage content)
- Prepared meals and beverages (including delivery by food establishment)
- Third-party delivered meals (food exempt, delivery cost taxable)

Beverages:
- Non-alcoholic drinks (not from vending machines)
- Alcoholic beverages (≤22.9% alcohol)
- Spirit mixed coolers (≤7% alcohol)
- Certain energy/protein shakes (if not enhanced, considered food/beverage)

Restaurant Meals and Drinks:
- Meals from various food service establishments
- Qualifying mixed drinks in restaurants/bars
- Tips included in the bill
- Qualifying catering services

Children's Clothing and Accessories:
- Infant/children's clothes and accessories
- Footwear (insole ≤24.25 cm)
- Certain sports clothing
- Diapers and related items
- Qualifying children's car seats

Children's Toys and Video Games:
- Board/card games
- Building/creative toys
- Dolls, plush toys, and accessories
- Toys for children under 14
- Jigsaw puzzles
- Video game consoles and games (non-downloadable)

Books, Magazines, and Newspapers:
- Most published books (including audio books)
- Religious scriptures
- Qualifying magazines/periodicals (subscriptions)
- Qualifying newspapers

Exclusions and exceptions apply to each category.

02/02/2024

Work from Home Opportunity from Bangladesh: Accountant Bookkeeper Wanted! 🌟

Are you a meticulous number-cruncher with a passion for precision? Do you thrive in an environment where your organizational skills shine? Look no further! We're seeking a talented Accountant Bookkeeper to join our dynamic team and work from the comfort of your own home.

This job is open to Bangladeshi nationals living in Bangladesh. If you are interested please send your complete resume highlighting your experience to [email protected].

Cantac Tax & Accounting
Saskatoon, Saskatchewan

12/15/2023

CBC's Evan Dyer breaks down what to expect when the government's new dental care program rolls out in 2024, how applications will work, how much coverage people can expect to see and potential stumbling blocks.

12/15/2023

NEW DENTAL PROGRAM IN CANADA

CBC's Evan Dyer breaks down what to expect when the government's new dental care program rolls out in 2024, how applications will work, how much coverage people can expect to see and potential stumbling blocks.

06/28/2023

May the spirit of Eid ul-Adha fill your heart with love, compassion, and gratitude. Eid Mubarak to all our clients, friends and family members !!

03/25/2023

03/25/2023

Search for your next recipe, shop for helpful products and more this Ramadan, with help from Google.

03/25/2023

There are several tax credits available in Ontario. Here are some of the most common ones:

Ontario Trillium Benefit:
This is a refundable tax credit that helps low to moderate-income families and individuals with the cost of energy and property taxes. The benefit includes three components: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.

Ontario Senior Homeowners' Property Tax Grant:
This is a refundable tax credit that helps seniors aged 64 and older with the cost of property taxes. The maximum credit amount is $500 per year.

Ontario Child Benefit: This is a tax-free monthly payment for families with children under the age of 18. The amount of the benefit depends on family income and the number of children in the household.

Ontario Sales Tax Credit:
This is a refundable tax credit that helps low to moderate-income individuals and families with the cost of sales tax. The credit amount varies based on family income.

Healthy Homes Renovation Tax Credit:
This is a non-refundable tax credit that helps seniors and people with disabilities make their homes safer and more accessible. The credit covers up to 15% of eligible expenses, up to a maximum of $10,000 per year.

Apprenticeship Training Tax Credit:
This is a non-refundable tax credit that helps employers with the cost of training apprentices. The credit is worth up to $5,000 per year per apprentice.

These are just a few of the tax credits available in Ontario. It's important to note that eligibility requirements, credit amounts, and application procedures can vary depending on the specific credit.

03/18/2023

Questions about ? The Canada Revenue Agency has you covered!

Visit their website for detailed information on who should file a tax return, how to get ready for taxes, filing and payment due dates, and more.

➡️ http://ow.ly/T8gp50NhKvr

03/18/2023

03/18/2023

Top o' the mornin' to you! Looking for gold?

You don’t have to travel to the end of the rainbow to find it, check your My Account for uncashed cheques! Spread the cheer to your friends by sharing this little nugget of info. Happy Saint-Patrick’s Day! 🍀 http://ow.ly/LW4l50NfEZn

[Image description: A person stands in front of a green wall, wearing a green shirt and headband looks at their cellphone while smiling. There is a clover sticker on their phone.]