Library - GGFL Chartered Accountants

Signing Your GGFL Documents Electronically

Signing Your GGFL Documents Electronically

We use Adobe Sign to help you sign electronic documents quickly and securely. If you are new to AdobeSign, please click here to create your unique Adobe account. Create your account with the same email address GGFL has on record as your primary email address. If the email addresses are different, the system will not […]

Learn More
How to Pay CRA Online

How to Pay CRA Online

Gone are the days of having to send your cheques to Canada Revenue Agency (CRA) by snail mail or having to go to the bank and pay in person. Paying CRA is now as easy as paying the cable bill. You can pay CRA using your online banking or the “My Payment” option on CRA’s Website.

Learn More
GGFL Wins Best of Accounting Award For Service Excellence

GGFL Wins Best of Accounting Award For Service Excellence

GGFL is very pleased to announced that we have won the 2022 Best of Accounting Award for outstanding client service. In October, we invited all of our clients to take part in a client service survey conducted by the independent research company, ClearlyRated. We heard from close to 500 clients and we were pleased to […]

Learn More
Simplify Tax Season Through Your CRA My Business Account

Simplify Tax Season Through Your CRA My Business Account

  • Date
  • Category

By Meghan Willison-O’Connor, Tax Technician Supervisor & Robin Vernell, Tax Assistant As we approach tax season, there is one simple, but important step business owners can take to help make their filing and on-going interactions with CRA easier and more efficient. With just a few steps, you can authorize GGFL to speak with CRA on […]

Learn More
Claiming Working from Home Expenses

Claiming Working from Home Expenses

By Wendy Wong, CPA, CA, Senior Manager, Tax & Advisory Services For your 2021 personal tax filing, the Canada Revenue Agency has two options that will allow employees to report expenses they incurred while working from home during the pandemic. All eligible members of a household who worked from home can each claim working from […]

Learn More
2021-2022 Tax Facts for Ontario Residents

2021-2022 Tax Facts for Ontario Residents

We’ve updated our Tax Facts for Ontario Residents document to include the new 2022 rates, as well as the 2021 rates.

GGFL’s “go-to” Tax Facts sheet is a quick reference guide on Ontario tax rates, including corporate income, RRSP limits, prescribed interest rates, automobile amounts, personal tax brackets for salary and dividends, TFSA, CPP and EI limits, pension splitting with spouses, Workplace Safety & Insurance Board (WSIB), and clawback of Old Age Security.

Learn More
Nine Ways To Make Your Tax Preparation More Efficient

Nine Ways To Make Your Tax Preparation More Efficient

Gathering all the tax return information to send to your accountant and/or CRA can be unnecessarily time consuming and involve way too much paper. GGFL Associate Partner Jean McDonell offers these tips to make the annual chore a little less . . . well, taxing. Ask your dental professional, pharmacist or other relevant health professional […]

Learn More
Electric Vehicle Rebates for Consumers & Businesses Explained

Electric Vehicle Rebates for Consumers & Businesses Explained

Carol Jackson, CPA, CA Senior Manager, Tax & Advisory Services With the high price of gasoline, COP26 and recent heat and flooding disasters in BC fresh in everyone’s mind, many consumers may be considering purchasing an electric vehicle. Through the federal government’s Incentives for Purchasing Zero-Emission Vehicles (iZEV) program, consumers may be eligible for a […]

Learn More
The Time to Get a Business Valuation is Now for Immediate Tax Savings

The Time to Get a Business Valuation is Now for Immediate Tax Savings

Kody Wilson, CPA, CA, CBV Partner & Chartered Business Valuator, Tax & Advisory Services By now, most business owners are likely aware of the positive developments from Finance Canada (Bill C-208) over the summer that have effectively allowed business owners to sell their businesses to adult children and claim the lifetime capital gains exemption, currently […]

Learn More
Changes Coming: Compilation Engagement Reports Replacing Notice to Reader

Changes Coming: Compilation Engagement Reports Replacing Notice to Reader

  • Date
  • Category

Sarah Tremblay, CPA, CA, LPA Principal, Assurance & Advisory Services Businesses and lenders accustomed to requesting or reviewing Notice to Reader financial statements will want to take note of an important change coming into effect later this year. Starting for periods ending on or after December 14, 2021, Notice to Reader engagements will now be […]

Learn More