403-327-3101 info@woodmanwhite.ca

File and pay on time

If you have a balance owing and do not file your personal tax return by April 30th, the Canada Revenue Agency will charge you a late-filing penalty of 5% of your balance owing on the due date of your return, plus 1% of your balance owing for each full month your...

Tax deadline is quickly approaching!

April 30, 2019 is the tax filing deadline for most personal income taxes for the 2018 year. This is also the deadline for any balances owing for 2018 personal income tax, including self-employed individuals. If you have yet to file your return, we can help! Today...
Collecting rental income?

Collecting rental income?

Are you renting out a room in your house? Are you renting out your basement? Are you renting out a condo unit or home you own? You must report this income on your tax return, but can also deduct related expenses. Follow this link for more...
Did you sell your home in 2018?

Did you sell your home in 2018?

Did you know that if you sell your Principal Residence, you are required to report it on your personal tax return? If the property was solely your principal residence for every year you owned it, you do not have to pay tax on the gain. But if at any time during the...
How long do you need to keep your receipts?

How long do you need to keep your receipts?

Are you claiming items like Employment Expenses, Office in the Home Expenses, or Medical Expenses on your tax return? Make sure you keep supporting receipts for those expenses for at least six years from the end of the tax year in which the expenses relate. Even if...