by Padgett Accounting | May 17, 2023 | News
Residential Property Flipping Rule Property flipping means that the property is held for a shorter period, sometimes with renovations carried out, with the intent to make a profit on the sale. As of January 1, 2023, there is a new tax rule for sales of homes or...
by Padgett Accounting | Jan 30, 2023 | News
2023 CRA Tax Updates As with most years, there have been small CRA tax updates for 2023. We will give you a brief look at the changes this year including CPP contributions, Auto Deduction Rates, and TFSA’s. The basic exemption amount for 2023 remains at $3,500....
by Padgett Accounting | Jan 20, 2023 | News
Protect yourself from Scams There are a lot of scams out there and a lot of scammers who are trying to take advantage. You should watch out for a variety of types including mail, phone calls, email & text messaging. We want to help you to recognize the signs of a...
by Padgett Accounting | Dec 19, 2022 | News
EFile Changes Recently the Canada Revenue Agency (CRA) made changes to its Efile systems. Last year they implemented a 2-step verification process for having an authorized person represent you and your business. In October 2022, that same process will apply to...
by Padgett Accounting | Dec 15, 2022 | News
2022 Holiday Hours Below are the holiday hours for our offices this year. Happy Holidays everyone and we look forward to helping you in 2023.
by Padgett Accounting | Sep 12, 2022 | News
QuickBooks Online (QBO) 5 Things to Know Getting you set up with QuickBooks Online (QBO) is a simple procedure, all you need is an internet connection. There is no software to install and buy yearly, your subscription handles all the updates required. If you are...
