When situations to our economic and work behaviour occur, we are often confused or unsure of what that means when it comes to our taxes. Are things going to change or stay the same? And if they do change, how will it affect me? As of right now, there have been no specific tax regulations…
Written by 
2020 is coming to an end and we feel it’s best that you set aside some time for year-end tax planning. We’re here to help! Here are a few important tax planning considerations to get you started: Those who have received CERB (Canada Emergency Response Benefit) of $2,000 a month were not subject to any…
Small business owners face a lot of challenges, and tax season can be very stressful if you are not prepared. Owning a business is hard work, and proper bookkeeping is a must for growth and success. If you feel overwhelmed, the following steps will help make tax season easier: Keep Track Of All Of Your…
Bookkeeping is a must because it will help keep your accounts organized. It is essential for businesses of every size because it will help you plan your tax payments in advance and will prevent panic and trouble from tax authorities. Record, Record, Record. If you own a small business, this is one aspect you need…
Planning for your future is a critical part of the present but trying to decide on a savings plan can be tricky when you do not know all the facts. It’s integral to include other factors in your decisions concerning your savings. Taking a closer look into things like your current financial situation, your long-…
What is an RRSP? An RRSP is a powerful retirement savings tool you create that you or your spouse or common-law partner contribute to. These contributions to RRSP lowers your taxes. The contribution in the RRSP (Registered Retirement Savings Plan) is invested so your savings grow. You do not pay any tax on the income…
RRSP – Registered Retirement Savings Plan and TFSA – Tax-Free Savings Accounts are great tools you can use to minimize or defer the taxes you pay. Below are some important information you need to know regarding RRSP and TFSA. RRSPThe maximum contribution limit for 2020 is $27,230.The maximum contribution limit for 2021 is $27,830.Your contribution…
The Government of Ontario has deemed the work CPAs do to be an essential service during this COVID-19 pandemic. We will continue to support you just as you are supporting your own friends and family. At Oasis LLP our commitment is to protect the public interest and understanding while keeping you informed of everything the…
Welcome to our webpage. Helping your business is our business. We will constantly share new accounting and tax legislation news as well tips in this section of our webpage. Also follow us on our social media to stay up to date.