Covid 19 Update, March 24th, 2020

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In light of Quebec Premier Francois Legault announcing that all non-essential businesses and services in the province will shut down for three weeks beginning tonight at midnight, we wanted to share some information with you: – Accounting and financial services are considered an essential service so we are not affected by the shut-down. – Extra […]

Covid 19 update March 22, 2020

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Like you, we are concerned about the growing the global situation that Covid-19 presents and wanted to share with you how Matheson, Carson & Associates Inc is responding to support your health and well-being. In these uncertain times, we understand that there are high levels of confusion, fear, and uncertainty that we haven’t experienced in […]

Do You Hold Foreign Property?

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If you hold foreign property in your non-registered brokerage accounts you’ll no longer have to collect mountains of information for your 2016 foreign property filing. Currently “if at any time in the year the total cost amount of all specified foreign property you own exceeded $100,000, you have to file Form T1135, the “Foreign Income […]

Do You Use Public Transit?

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If you do…You can claim cost of monthly public transit passes or passes of longer duration such as an annual pass for travel within Canada on public transit for 2016. Only you or your spouse or common-law partner can claim the cost of transit passes (if these amounts have not already been claimed) for: yourself; […]

Pay It Forward

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Money is important, we all want to keep as much as we can to take care of ourselves and our families, but for those who also feel a deep social responsibility, there’s good news this tax season. If you want to make a difference in the world around you, giving some much needed cash to a worthy […]

Tax Tips For Students

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Top Things You Can Do As A Student: -Claim your eligible tuition fees – An eligible tuition fee is a fee you paid to attend your post-secondary educational institution for the tax year in question. -Claim the education amount – If you are a full-time student, you can claim $400 for each month you were […]

Tax Scams are back again…..BEWARE

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Lately there have been a lot of tax scams out there, and now that tax season is in full swing, evil-doers are everywhere. When questionable offers of a bigger refund pop up in your inbox, it’s always best to call a professional for advice, and never respond to an offer of money without speaking to […]