Summary of Canada and Ontario COVID­19 Economic Support Plans – March 25, 2020 Yesterday, Bill C-13 received Royal Assent. This bill puts into place Canada’s Economic Response Plan to COVID-19.   Of special note, the government has combined two of its earlier benefits into the Canada Emergency Response Benefit (CERB). In addition, the government of Ontario released its first step in its response to COVID-19 and includes $17 billion of support…

Summary of Canada’s COVID-19 Economic Response Plan &  HVGP LLP Temporary Office Closure HVGP LLP Temporary Office Closure At HVGP LLP, our main priority is the health and well-being of our employees, our clients and our community. With that in mind, we want to do our part to help “flatten the curve” and as a result, effective Wednesday, March 18th we will be temporarily closing our office. All HVGP LLP…

COVID-19 Update – HVGP LLP Offices Closed To Visitors Effective Immediately The office of HVGP LLP will be closing our office to visitors/public effective immediately. We are taking this pro-active measure to ensure the health and safety of our staff. We understand this decision may create challenges for some clients, and we will continue to communicate with you as we follow guidance from the regional and national health authorities. For…

2019 PERSONAL INCOME TAX RETURN INFORMATION The deadline for filing your 2019 personal income tax return is April 30, 2020. If you or your spouse are self-employed, your filing deadline is June 15, 2020. All taxes payable are due by April 30, 2020. Also a friendly reminder that the deadline to contribute to your Registered Retirement Savings Plan is March 2, 2020. To confirm your exact 2019 RRSP contribution limit…

HVGP LLP Partner Announcement The partners of Hufton Valvano Grover Philipp LLP are pleased to announce that Steven Carr has been admitted into partnership. Steven began his career with our firm in 2010 as a CPA student and obtained his CPA designation in 2013. Our firm values the skilled and dedicated individuals that work here and Steven has been a large part of our team. He has held roles as…

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…