Diamond Bookkeeping Services

September 22, 2022

That’s more like it!
September 22, 2022

Ontario Seniors Care at Home Tax Credit | ontario.ca

Tax credits reduce the amount of tax you have to pay. Non-refundable tax credits can reduce your taxes down to 0; refundable tax credits are even better because they can actually allow you to get or increase the size of a refund. Ontario Seniors Care at Home Tax Credit is a refundable tax credit, which…
September 17, 2022

CRA closed on Monday

In case you need to contact the CRA, you should know that they’ll be closed on Monday for the National Day of Mourning for Queen Elizabeth II. You can contact them today (Saturday) between 9am and 5pm or starting again on Tuesday.
September 16, 2022

Protect yourself from scams

Scammers are getting more and more skilled these days – the other day, I almost fell for one pretending to be from Paypal! – so we all need to be on guard. Here are some tips from the Canada Revenue Agency to help keep you safe. Also, if you’re not sure about something, it’s not…
September 16, 2022

So close!

I’m studying to become a designated Payroll Compliance Practitioner and part of yesterday evening’s class included a game. I would have won first place, but I got too competitive and hit the wrong button because I was moving too fast 🤦‍♀️
September 15, 2022

Upcoming proposed federal financial supports

If you have a relatively low income and like money, need rent support, or have a child who needs dental care, these proposed financial supports could be of interest to you. The federal government is proposing a temporary increase to the GST Credit, a one time top up to help support some renters, and is…
September 13, 2022

Ontario Child Care Tax Credit (CARE)

Child care expenses can be claimed as a deduction when you file your personal income taxes. A tax deduction reduces the income on which you are taxed and so will reduce the amount of tax you pay. On top of this deduction, Ontario residents with incomes up to $150,000 can now claim the Ontario Child…
April 11, 2022

Don’t be late for a very important date!

Tax season is upon us! Whether you just need to quickly complete this year’s taxes, you have some new complexity (like an exciting new business), or you have to catch up on completing some prior year returns, the time to contact me is *now* so I can help you get everything organized, ready, and filed…
April 7, 2022

Exciting News – Rhyze Ventures!

I’m very pleased to have been accepted into the small business stream of the Rhyze Ventures program. This program, which is designed by women entrepreneurs for other women entrepreneurs, will help me to grow my business and create great new community connections.
February 17, 2022

Tax Savings: Medical Expenses

Getting the best savings on your taxes can take some time and effort, but I’m here to help! Did you know that many people can claim various medical expenses to get a tax credit? Here are some examples of expenses that can be included in that calculation: CPAP machines Bathroom aids such as grab bars…