Wharfhouse Business Services

Wharfhouse Business Services At Wharfhouse Business Services, we take care of everything related to records and transactions to manage your day to day business shortfalls.

Our goal is to help you see your strategy through, to help you transform and accelerate your business.

Take control of your tax planning with Wharfhouse Business Services. Our team of experts can help you identify the tax c...
03/08/2024

Take control of your tax planning with Wharfhouse Business Services.
Our team of experts can help you identify the tax credits and deductions you're eligible for, ensuring accurate calculations and a brighter financial future.
Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/
Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

The Multigenerational Home Renovation Tax Credit (MHRTC) is introduced to help cover the expenses of renovating a home t...
03/06/2024

The Multigenerational Home Renovation Tax Credit (MHRTC) is introduced to help cover the expenses of renovating a home to include a secondary unit for a qualifying relative, starting from Jan. 1, 2023. Eligible individuals can claim up to 15% of the renovation costs, with a maximum limit of $50,000.

Qualifying relatives include family members aged 65 or older or those meeting the criteria for the disability tax credit and aged 18 or older. The secondary unit must be self-contained, featuring its own entrance, kitchen, bathroom, and sleeping area. Most renovation expenses, including permits, building materials, and tradespeople costs, are covered under this credit.

Learn more: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2022-plan-grow-economy-make-life-more-affordable/multigenerational-home-renovation-tax-credit.html



Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1 250-352-5191
Office: +1 778-460-1500

Canada Training Credit (CTC) is an initiative aimed at empowering Canadians to invest in their skills and career develop...
03/06/2024

Canada Training Credit (CTC) is an initiative aimed at empowering Canadians to invest in their skills and career development. This innovative credit, as proposed in Bill C-59, is designed to provide financial support to eligible individuals for training and education expenses. With the CTC, Canadians can access up to $250 annually, accumulating to a lifetime limit of $5,000, to offset the costs of eligible training programs.

Learn more: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-45350-canada-training-credit.html



Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1 250-352-5191
Office: +1 778-460-1500

At Wharfhouse Business Services, we understand that each client is unique. That's why we offer personalized one-on-one b...
03/04/2024

At Wharfhouse Business Services, we understand that each client is unique. That's why we offer personalized one-on-one business and tax consultations with our expert team.

Get the guidance you need to navigate the complexities of business and taxes.
Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/
Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Navigating Canadian sales tax regulations can be complex. Let Wharfhouse Business Services take the stress out of GST an...
02/29/2024

Navigating Canadian sales tax regulations can be complex.
Let Wharfhouse Business Services take the stress out of GST and PST filing for self-employed individuals and small businesses.
Dial 1-855-352-5191 to ensure accurate and hassle-free tax compliance.

Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/
Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Don't take risks with your money! Get started with Wharfhouse Business Services for personalized tax planning. It's the ...
02/27/2024

Don't take risks with your money! Get started with Wharfhouse Business Services for personalized tax planning. It's the first step to success.
They'll help you save more and secure your financial future. Join them today!

Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/
Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Ready to revolutionize your financial management? Explore the world of cloud bookkeeping, where innovation and efficienc...
02/22/2024

Ready to revolutionize your financial management?
Explore the world of cloud bookkeeping, where innovation and efficiency converge.

For the best financial services for your business, dial 1-855-352-5191.

If you are not deducting all the RRSP, PRPP or SPP contributions you made in 2021 and the beginning of 2022, fill out Sc...
07/22/2022

If you are not deducting all the RRSP, PRPP or SPP contributions you made in 2021 and the beginning of 2022, fill out Schedule 7, RRSP, PRPP and SPP Unused Contributions, Transfers, and HBP or LLP Activities. This includes contributions made to your:
• registered retirement savings plan (RRSP)
• pooled registered pension plan (PRPP)
• specified pension plan (SPP)
• spouse’s or common-law partner’s RRSP or SPP

Fill out schedule 7 for contributions made from March 3, 2021, to March 1, 2022. Attach Schedule 7 to your 2021 tax return.
If you have already filed your tax return, fill out Schedule 7 and send it to your tax center. Include with your contribution receipts a note showing your name and social insurance number.

If you did not deduct all the contributions you made to your RRSP/PRPP/SPP or your spouse's or common-law partner's RRSP/SPP, you have two options:
• you can leave the unused contributions in the plan
• you can withdraw the unused contributions

In either case, if you contribute over your RRSP deduction limit, you may have to pay tax on the unused contributions that exceed your RRSP deduction limit.

Learn more at: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/what-unused-rrsp-prpp-contributions.html


Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1-250-352-5191
Office: +1-778-460-1500

Castlegar, Trail & Grand Forks
Offices in Tax Seasons
Toll Free: +1-855-352-5191

Applies to:· eligible employees working from home in 2020, 2021, or 2022 due to the COVID-19 pandemicWith this method:· ...
07/15/2022

Applies to:
· eligible employees working from home in 2020, 2021, or 2022 due to the COVID-19 pandemic

With this method:
· you can claim $2 for each day you worked from home in 2020,
2021, or 2022 due to the COVID-19 pandemic
· you can claim up to a maximum per year of $400 in 2020 and up
to $500 in 2021 and 2022
· your employer is not required to complete and sign Form T2200 you are not required to keep documents to support your claim.

If you are using Temporary flat rate method , you do not need to determine your expenses to calculate your claim for home office expenses. The temporary flat rate method is used to claim home office expenses that you paid like rent, electricity, and home internet access fees, as well as office supplies like pens and paper, and cell phone minutes. If you use the temporary flat rate method, you cannot claim any other employment expenses on line 22900 (for example motor vehicle expenses).

Learn more at: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses/expenses-can-claim.html

Book an appointment with us today: Call: +1 250-352-5191 Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1 250-352-5191
Office: +1 778-460-1500

Castlegar, Trail & Grand Forks
Offices in Tax Seasons
Toll Free: +1-855-352-5191

You will be charged interest on any taxes you owe if you pay late. Also, if you have a balance owing and file your tax r...
03/04/2022

You will be charged interest on any taxes you owe if you pay late. Also, if you have a balance owing and file your tax return late, you will be charged a late-filing penalty.
If you file your tax return after the due date and have a balance owing, you will be charged a late-filing penalty. Filing late may also cause delays to your benefit and credit payments.
Learn more at: https: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/interest-penalties/late-filing-penalty.html

Book an appointment with us today:
Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1 250-352-5191
Office: +1 778-460-1500

Castlegar, Trail & Grand Forks
Offices in Tax Seasons
Toll Free: +1-855-352-5191

You can claim child care expenses that were incurred for services provided in 2021. These include payments made to any o...
02/23/2022

You can claim child care expenses that were incurred for services provided in 2021. These include payments made to any of the following:
1. Caregivers providing child care services
2. Day nursery schools and daycare centres
3. Educational institutions, for the part of the fees that relate to child care services
4. Day camps and day sports schools where the primary goal of the camp is to care for children (an institution offering a sports study program is not a sports school)
5. Boarding schools, overnight sports schools, or camps where lodging is involved (read the note in Part A of Form T778, Child Care Expenses Deduction for 2021)
Learn more at: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-21400-child-care-expenses/line-21400-what-payments-you-claim.html


Book an appointment with us today: Call: +1 250-352-5191
Visit our website: http://www.wharfhouse.ca/

Wharfhouse Business Services Ltd.
Bookkeeping, Accounting & Taxation
www.wharfhouse.ca

Nelson Office:
107 - 518 Lake Street
Nelson, BC V1L 4C6
Office: +1 250-352-5191
Office: +1 778-460-1500

Castlegar, Trail & Grand Forks
Offices in Tax Seasons
Toll Free: +1-855-352-5191

Address

Nelson, BC
V1L4C6

Telephone

+12503525191

Website

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