Month: March 2019

2019 Payment Options

Expert Fiscaliste invoices can be paid via the following (4) method(s):

Interac e-Transfer

Interac e-Transfer is a convenient way to send, request and receive money directly from one bank account to another. All you need is access to online or mobile banking through a participating financial institution, and you can send or request money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information*

Interac Email Money Transfers: send payment to: will@expert-fiscaliste.ca

Additional information: https://www.interac.ca/en/interac-e-transfer-consumer.html

Credit Cards – Visa, MasterCard, American Express


A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges.

Virtual payments- I will need the following information:
Name on Card xxxxxxx xxxxxxx Card Number xxxx xxxx xxxx xxx CVV/CVV2 xxx Expiration date MM/YY Postal Code A1A 1A1

Expert Fiscaliste Digital Confirmation will be sent email or mobile phone.

PayPal Transfers

It’s simple and free to create a PayPal account. Link a bank account, credit or debit card, and you’re ready to transfer money.

Account required to send and receive money.


Send PayPal money to: will@expert-fiscaliste.net

Additional information: https://www.paypal.com/ca/webapps/mpp/send-money-online

Checks

Canadian Dollar checks payable to Expert Fiscaliste all other checks payable to William Oliver

Mail Cheque to:
Expert Fiscaliste
1000 de La Gauchetière Ouest
24e étage,
Montréal QC H3B 4W5

About Expert Fiscaliste

Save Your Tax
Call Expert Fiscaliste at 514-954-9031

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

2019 Quebec Budget

2019 Quebec Budget Highlights

OVERALL:

  1. Increase in the 2018-19 surplus predicted in December, from $1.65 billion to $2.5 billion, after the contribution to the Generations Fund
  2. A five per cent increase to each of education and health budgets
  3. $1.4 billion in new announced spending for 2018-19 and $16.1 billion in spending increases or revenue cuts through 2023-24
  4. Projected economic growth of 1.8 per cent in 2019 and 1.5 per cent in 2020
  5. Debt projected to fall below 45 per cent of gross domestic product in 2021
  6. A $2.5 billion contribution to the Generations Fund in 2019-20, of which $2 billion will come back out to repay debt, as announced in December

TAXES:

  1. A 17 per cent reduction overall in school property taxes, after a 16 per cent reduction in 2018-19
  2. A lower age of eligibility for a career extension tax credit from 61 to 60, and higher ceiling of eligible income to $10,000 for workers 60-64, plus a new small business payroll tax credit of up to $1,250 for workers 60-64 and $1,875 for workers 65 and over
  3. A gradual reduction in the additional contribution for child care, to be eliminated entirely in 2022 (in 2019, families with income under $78,320 will pay the base rate of $8.25 a day)
  4. Mandatory registration for lodging taxes for accommodations offered on digital housing sharing platforms

2019 Quebec Budget Plan

To visit the details directly in English or en Français

Need a tax professional to prepare your to prepare 2018 Tax Return

About Expert Fiscaliste

Save Your Tax
Call Expert Fiscaliste at 514-954-9031

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

2019 Federal Budget

The 2019 Federal Budget highlights:

  1. 2018-19 deficit projection: $14.9 billion, down slightly from the fall.
  2. 2019-20 deficit projection: $19.8 billion, with $3 billion risk adjustment.
  3. Debt: $685.6 billion, projected to rise to $761.7B by 2023-24.
  4. Debt-to-GDP ratio: Projected to be 30.8 per cent, falling to 28.6 per cent by 2023-24
  5. $22.8 billion in new spending over the next five years:
    1. $6 billion for research in health and science
    2. $4.7 billion in new money for Indigenous communities, including for settling land claims; “governance support”; improving child welfare services; promoting Indigenous languages; and improving health and safety in communities.
    3. $3.9 billion in compensation for supply-managed farmers who are losing a share of the dairy, egg and poultry market after two trade deals entered into force: the Comprehensive Economic and Trade Agreement with the European Union, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with Japan, Australia, New Zealand and seven other countries in the Asia-Pacific.
    4. $1 billion to increase affordability of high-cost drugs for rare diseases, plus the creation of a new Canadian Drug Agency to negotiate prescription drug prices “on behalf of Canadians

Individuals Highlights:

  1. A new First-Time Home Buyer Incentive introduced in Budget 2019 aims to reduce the amount first-time buyers have to pay for a mortgage without increasing the required down payment
  2. The Home Buyers’ Plan (HBP) withdrawal limit will increase from $25,000 to $35,000 starting March 19, 2019.
  3. The Canada Training Credit will let Canadians aged 25 to 64 accumulate $250 a year (to a maximum of $5,000, meaning $1,000 every four years) to put towards training fees, college, university, and other eligible institutions providing occupational skills, starting in 2020.
  4. The EI Training Support benefit provides four weeks of income support (55 per cent of a person’s average weekly earnings) every four years so that workers can take time off to go to school or train in some way.
  5. The federal government is lowering the interest rates on Canada Student Loans and Canada Apprentice Loans.
  6. There will no longer be interest charged during thesix-month grace period that students receive before they must start repaying their Canada Student Loans.
  7. A credit of up to $5,000 for purchase of electric vehicles
  8. and more…

2019 Federal Budget Plan

To visit the details directly in English or en Français

Need a tax professional to prepare your to prepare 2018 Tax Return

About Expert Fiscaliste

Save Your Tax
Call Expert Fiscaliste at 514-954-9031

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

2018 Individual Tax Return

let Expert Fiscaliste prepare your tax returns
Call Expert Fiscaliste 514-954-9031

It’s that time of the year again to prepare your 2018 Individual Tax Return.  Let us Prepare your 2018 Tax Return for you, it’s a simple three step process.  To assist you in identifying the information that will be required to properly prepare your tax return see our 2018 Individual Tax Return Checklist. 

Call Expert-Fiscaliste 514-954-9031

We will make sure that you get the maximum refund possible and we will provide you with year-round tax support as your Authorized Representative.  For more information on Individual Tax Returns or  what is new for Individuals or to see our tax calendar for important dates and deadlines.

We are constantly looking at ways to make it easier for you to share securely information.  With this objective we now have a new portal, request an invitation to register.

About Expert Fiscaliste

Save Your Tax
Call Expert Fiscaliste at 514-954-9031

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

March 15, 2019 and Taxes

March 15, 2019 and Taxes

1st Payment Deadline

March 15, 2019 – First quarter personal tax instalment due. If your estimated net income tax payable for the year or two preceding tax years exceed $3,000.

March 15, 2019

March 15, 2019 – is the deadline for filing 2018 S-Corp and partnership tax returns, or extensions, 2019 S-Corp elections for existing entities, and 2019 Section 475 elections for a pass-through entity. Don’t miss any of these tax filings or elections; it could cost you.

For S-Corps and partnerships use Form 7004 (Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns). 2018 S-Corp and partnership extensions give six additional months to file a federal tax return, by Sep. 16, 2019.

2019 Tax Calendar

Tax Deadlines
514-954-9031

For more information on our tax calendar, visit our page http://www.expert-fiscaliste.org/individual-tax/individual-tax-calendar/

If you prefer down load our PDF version here: 2018 Expert Fiscaliste Tax Calendar

About Expert Fiscaliste

Save Your Tax
Call Expert Fiscaliste at 514-954-9031

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage certain deadlines in your 2018 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

What’s new on 2018 tax return

What’s new on 2018 tax return

Canadian taxpayers must prepare and file every spring the same form the T1 Income Tax and Benefit Return. That return form is never the same from one year to the next. The one constant in tax is change, and every year taxpayers sit down to face a different tax return form.

First, there are automatic changes to the tax rules which are reflected on the return every year. The basic personal credits which can be claimed by most taxpayers increase every year. The income brackets which applies at each level of income are changed to reflect the rate of inflation.

Changes in tax credit amounts or tax bracket figures are largely invisible to the average taxpayer. They don’t require any change to the layout or organization of the tax return form. The more significant changes are those which provide new credits or deductions to qualifying taxpayers . Or eliminate such credits or deductions which taxpayers might have claimed in previous years.

About Expert Fiscaliste

Save Your Tax
Contact Expert Fiscaliste

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your tax return.  Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

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