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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 […]

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Simplify Tax Season Through Your CRA My Business Account

Simplify Tax Season Through Your CRA My Business Account

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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 […]

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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 […]

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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 […]

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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, the COP26 UN Climate Change Conference, and the recent natural disasters in BC fresh in everyone’s mind, many consumers may be considering purchasing an electric vehicle (EV). Buyers may be eligible for an incentive rebate off the Manufacturer’s Suggested […]

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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 […]

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Changes Coming: Compilation Engagement Reports Replacing Notice to Reader

Changes Coming: Compilation Engagement Reports Replacing Notice to Reader

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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 […]

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Spotlight on the New Ontario Business Registry Portal

Spotlight on the New Ontario Business Registry Portal

Carol Jackson, CPA, CA Senior Manager, Tax & Advisory Services The Ontario government has recently launched an online Ontario Business Registry (“OBR”) portal for businesses and not-for-profits registered, incorporated, or licensed to carry on business in Ontario. There are over 90 different online services available through the portal, including Annual Return filings, registering a new […]

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