The season of giving offers more than just a chance to spread goodwill—it can also yield significant tax benefits. As we approach year-end, understanding how to leverage charitable donations can enhance both your fiscal health and the well-being of others. Understanding Charitable Tax Deductions Charitable donations can reduce your taxable income, provided they are made
Welcome to the start of our Summer Tax Planning Series! This June, we’re focusing on how individuals and small businesses in Central Ontario can maximize their tax deductions. Understanding what deductions are available and how to properly claim them can significantly reduce your tax liability and boost your financial health. Explore Common Deductions: Many taxpayers
With millions of Canadians working from home as a result of the COVID-19 pandemic, many people had to purchase new computer equipment, desks and other supplies to help facilitate working from home. If you are an employee spending money to outfit a home office, the big question is what – if any expenses – will