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$ Gone When Someone Dies .. How to avoid This! Lisa Patrick

Many tax saving dollars are lost due to completing the final and estate return without consideration to illness as cause of death!  You may qualify for the disability tax credit !

This certificate T2201 provided by the government ( <> ) once completed by a medical practitioner, may result in up to 10 years tax refunds of approximately $2500 each.  YES, we have seen the cheques!
This credit may also be transferred to an individual that cared and supported the taxpayer with the illness.

Darlene Lafond R.P.A., C.P.C

GST – A Lower % when you File? Lisa Patrick

When you are a GST registrant in the service industry you can apply for an election to be able to file a Quick Method return at a lower percent.

The Application is GST74 and the guide is RC4058(e) both you can find on
the CRA website

Joan Rupert C.P.C.

We Invite You! Lisa Patrick

Out of Town Travel and What CRA Court Says Lisa Patrick

Reasonable Expectation of Profit.

An audit we recently represented at Tax Court of Canada focused on the claim of business meetings with the government scrutinizing the vehicle trip log and some out of town travel.

The judge chose to disallow some deductions even though the client had provided all the receipts.

The final conclusion may have been more favorable if the kilometer logs & travel itinerary of the meetings actually would have had the following information present:

  1. actual street address of meeting location
  2. job description or job title and complete name of all attending meeting
  3. brief summary of discussion must have specific details not just promotional meeting.

Simplified Ledger – Easy to Use: No Accounting Knowledge Needed Lisa Patrick

Our excel worksheet “Simplified Ledger” has successfully assisted companies with representing their bookkeeping with Canada Revenue Agency.  When utilizing the coding and action correctly, the functions available with an excel worksheet assists the CRA auditor in promptly filtering the accounts facing scrutiny and then they are on their merry way.

This worksheet was created to provide that true baby step, user friendly introduction to bookkeeping; using the plus and minus method of input rather than a debit and credit.  Works like a cheque book!
We represent that 90% to 100% of bookkeeping entries may be accomplished by the plus and minus method.  We do further represent that  no company should complete their bookkeeping year end with out the assistance of a qualified tax professional…If you don’t have one you may contact our master tax accountants.

Lisa Patrick

Safeguards against Employee’s Stealing Information Lisa Patrick

With the threat of identity fraud, small business owners NEED to check themselves on how they maintain their clients & employees information. Assigning a Privacy Officer is a start please refer to the list below:


  1. Security practices explored to determine what is reasonable policy to your business
  2. Pre-employment checks
  3. Lock cabinet with key security
  4. Shredder for all info to garbage
  5. Establish practice, routine, custom to safeguard the information. Implement consequence when breached.
  6. Identify the staff needing training on security protocol. Confirm importance understood
  7. Appoint a Privacy Officer; an employee with a job description to ensure information is protected, etc.
  8. Personnel forms signed on the company’s protocol on ensuring private info on employee & clients are safe. Ensure it indicates the company policy does not allow the removal of information from business location.

If you need to contact the Privacy Commission see below

Contact: 1 888 878 4044 / /

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