The short answer is you shouldn`t. An instant refund always sounds like a great idea, you walk in with your taxes and walk out with money in hand, but what you may not know is how much money this could be costing you. Instant refunds require tax preparers to take out significant loans to cover [...]
We at Catherine Barrie Accounting know how important your money is to you. Although we strive to complete your return in a timely manner there are occasionally delays within the CRA that prolong the time it takes for you to receive your return. We understand this can be frustrating, and will do what we can [...]
Choosing to receive your return by mail is the slower of the two payment options. After we file your return, the CRA processes it which usually takes 5-10 business days. Once your return is processed the CRA then mails out your cheque to you. Depending on Canada Post and the CRA this method can take [...]
If you have provided us with either your direct deposit information from the bank or a void cheque, we have the ability to update your information with the CRA when we file your taxes. By opting for direct deposit you may receive your refund directly into your bank account. This is usually the fastest method [...]
At Catherine Barrie Accounting we strive to complete your tax return as quickly as possible for you so you can get a better understanding of where you stand come tax time. If you are expecting a return the times vary on when you get your refund from the government, depending on the CRA and how [...]
When you have your taxes done at Catherine Barrie Accounting we will ask you for the necessary documents needed to make sure you can take advantage of every credit you are entitled to. The form used to file this information is called the ON-BEN Application Form and can be obtained from the CRA.
This credit was implemented to help Ontarians with the sales tax that they pay throughout the year. You may be eligible if: You are 19 years old and up You are or have been married or in a common-law relationship You are a parent who lived or is living with your child This credit may [...]
This credit is a tax-free payment meant to help with your property and sales tax on energy costs in Ontario. You may qualify if: You are 18 years old or above You are or were married or in a common-law relationship You are a parent who lives or lived with your child You rented or [...]
This credit is meant to help manage the higher costs of home energy that Canadians living in Northern Ontario face. You may receive this credit if: Your main residence is in Northern Ontario You are 18 years old or older You have or had a spouse or common-law partner You are a parent who lives [...]
As long as you have filed your taxes, and qualify for the benefit, you can expect to receive your OTB monthly starting in July. If the amount of the benefit is less than $2 you will not receive a payment.
