Glossary

Personal Service Business (PSB):

Specified Investment Business (SIB):

Small Busine4ss Deduction (SBD):

Capital Cost Allowance (CCA):

Lifetime Capital Gains Exemption (LTCGE):

Canada Revenue Agency (CRA): is a Canadian Federal Agency that manages tax laws on behalf of the government for all provinces and territories

Tax Free Savings Account (TFSA): is an account that provides tax benefits for saving. Any investment income (I.e. dividends, capital gains) or salary that is placed in a TFSA is often not taxed

Registered Retired Savings Plan (RRSP):

Income Tax Act (ITA):

Excise Tax Act (ETA):

Capital Dividend Account (CDA):

T1:

T2:

T3:

T4:

T4A:

T5:

NTR:

Compilation:

Review:

Audit:

Section 85:


Important Dates

April 30

Personal tax payments are due. Tax return filing deadline is April 30th unless you or your spouse have business income then filing deadline is June 15th.

March 31

Trusts: Payment and filing deadline is March 31st (three months after the year end which is Dec 31st) unless a Graduated Rate Estate which is three months after the...

February 28

Tax Slips (T4, T4A, T5, …): Payment deadlines are as per usual (i.e.

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Resources

FAQ

Where are you located?

We are located on 168 Queen Street in Mississauga, ON in suite 209. The office is located in beautiful downtown Streetsville.

What are your hours of operation?

Our standard working day runs from 9am to 5pm. We can occasionally accommodate appointments outside of these hours.

Do you have parking?

Yes. We have parking in the back of the building with easy access to our office. If you require public transportation, the Mississauga Transit system stops in front of our office and the Streetsville Go Station is only a few blocks away.

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