Reminder that the deadline to contribute to your Registered Retirement Savings Plan is February 29, 2020 A friendly reminder that the deadline to contribute to your Registered Retirement Savings Plan is February 29, 2020. Your 2019 RRSP contribution limit for the year can be found in your 2018 personal tax package for clients whose returns were prepared by HVGP last year. Alternatively, you can check your contribution limit online by…

Season’s greetings to you and yours! Our team has enjoyed working with our clients and partners throughout the year, and are now looking forward to some time with family and friends this holiday season. Before we go we wanted to ensure we thank you for the opportunity to work with you in 2019.  Please feel free to contact us to discuss your individual tax planning needs. Holiday Hours Closed at…

2019 FEDERAL BUDGET – WHAT BUSINESS OWNERS NEED TO KNOW (March 20, 2019) The Minister of Finance, Bill Morneau, presented his Fourth Budget to the House of Commons on Tuesday, March 19, 2019.   We are providing you with the CPA Canada Federal Budget Commentary 2019 .  In addition, we have summarized a streamlined commentary “What Business Owners Need To Know ”.  We recommend you take a few moments to review these documents…

2018 Personal Income Tax Checklist The deadline for filing your 2018 personal income tax return is April 30, 2019. The 2018 Personal Income Tax Checklist will help you assemble and organize your 2018 personal tax records and information slips. You will be receiving these slips in the near future, and the checklist will help you identify which documents apply to you. Please take a moment to PRINT the  2018 Personal Income Tax Checklist. Once…

YEAR-END Tax Planning Tips – December 2018  The end of the year is fast approaching, and we wanted to give you an opportunity to consider a few tax planning tips.  If made prior to December 31, 2018, here are certain expenditures that may be eligible as 2018 tax deductions or credits.   If you own a business or rental property there are additional tips for you to consider. Seniors should be…

Retirement Announcement: Don Edwards We wish to acknowledge the retirement of a dear member of our team.  Don Edwards started his accounting career over 50 years ago with what is now Deloittes, and joined one of our predecessor firms in 1999 after deciding that he wasn’t quite ready for retirement from his role as a partner there.  Throughout the years Don’s commitment, dedication and loyalty to his clients never wavered. …

HVGP sponsors #PinkTruckTour HVGP is a proud Gold Captain Sponsor of The Mississauga Fire Fighters Benevolent Fund for Pink Truck Tour 4.0.  This campaign is working hard to raise funds and awareness for the Cancer programs at Trillium Health Partners. The @MFFA_Benevolent volunteers recently came by the HVGP office to visit our staff.  We thank them for this opportunity to join them in supporting @TrilliumHealth and the important work being…

HVPG LLP Announces Promotions To Key Team Members Announcement of Appointment to Senior Manager The Partners of HVGP LLP are pleased to announce the recent appointment of Steven Carr to the position of Senior Manager.   We are committed to the development of our firm’s structure from within and to the high quality of service derived from our own people.   Steven Carr Steven graduated from University of Guelph-Humber in 2008 with…

Tax Tips – September 2018 This edition of tax tips covers a number of tax considerations to help you with your planning.   Be aware of changes make to taxable benefits like employer sponsored events and subsidized meals.   If you are a director, there is information about liability for corporate taxes.  Read the full edition here – Tax Tips September 2018  

Tax Tips – May 2018 In this edition of tax tips, we have included a number of updates that may affect you including:  eligibility of paying family members a salary, proposed changes to corporate passive investment income, what is considered reasonable automobile allowances, reporting subcontractors for constructions activities and risks for U.S. citizens that are not tax compliant. Feel free to call our office to discuss further if you have…