Green Tee Sales and Service

05/04/2024

https://www.facebook.com/share/ZQ1tJPFctVQsURQE/?mibextid=WC7FNe

08/23/2023

05/13/2023

https://greenteetax.ca/blog/f/post-tax-season-2022?fbclid=IwAR2cP9WuaZemNfeXFAvFXdAVRUKHxFwI3wcGV8WBT8rk1_51rygkgJSzmSw&mibextid=Zxz2cZ

For the most part 2022 tax filing is complete, except for few clients we still have to get cleaned up. Mid-may is upon us and yes the trees and grasses are starting to finally turn green!

02/05/2023

As 2022 tax filing is about to start on February 20th, and the new forms are being released we are glad to announce a few increases to programs and benefits.
We are noticing the CAIB Climate Action Incentive is up from $550 for an individual to $680. and;
For those first time homebuyers in 2022 the Federal tax credit has doubled from $5,000 to $10,000 which equals an additional $750 benefit, and;
For those with an eligible dependent with an approved Disability Tax Credit or over the age of 65 can take advantage of the HATC Home Accessibility Tax Credit for renovations made to make a home more accessible for the elderly and disabled, and;
The Saskatchewan Home Renovation Credit also continues for 2022 renovation receipts up to $10,000.
With some of the quarterly benefits designed mostly for low income and newcomers do be sure to file a tax return for $0 and no income residents to ensure the application for benefits is sent, ideally prior to April 30 to avoid delays in payments

01/01/2023

While it is early in the New Year 2023 we first want to wish everyone a Happy Healthy Prosperous new year!
While it is also early in the new year I have already received important documents from 2022 that will be needed for tax filing and would like to remind yourselves of some of the required documented information.
Business Owners and employees working from home please be reminded that certain information, documents, and statements are required to calculate eligible expenses that can be deducted from income.
To start do be sure to record your current odometer reading on your vehicle if you used your vehicle for business purposes in 2022. The starting odometer reading a year ago subtracted from the current odometer reading today will provide the total kms driven in 2022. The recorded log of business trips will determine the total kms driven for business or employment income. In order to deduct your fuel, insurance, interest on loans, and maintenance receipts as vehicle expenses the 2022 total kms driven and 2022 business kms driven is required.
For those using their home to operate a business or earn employment income other annual amounts from 2022 are required such as mortgage interest dollar amount paid in 2022, utilities for heat, power, internet, insurance, maintenance, and mobile phone bill totals. Those total expenses are based on the % of your home used for earning income therefore do measure work at home area and the total area of your home so we know what % of your home is used for business.
Although tax filing is still several weeks or months away like me some of these documents like mortgage and car loan statements have already arrived to my email which led me to publish this reminder for myself and for those able to deduct home office and vehicle expenses from their income.
For those that have relocated and still wish to use our tax services and can deduct moving expenses please gather up moving expense receipts such as fuel, meals, moving company receipts, along with the kms from old home to new home with addresses…address of new workplace and dates moved and dates starting new job.
For those that need help filing their 2022 PST we are glad to assist. To avoid late filing and interest charges that has to filed by January 20th through the mail or January 31st if filing through SETS (Saskatchewan electronic tax system).
For those wanting to save some taxes by RRSP contributions do know you have 60 more days to contribute towards your 2022 tax deduction and if you aren’t sure how much your limit is, or how much to contribute to avoid having to pay unpaid tax let us know we too can help you with that.
January and February does require gathering some information, but it’s all worth to save taxes on income, and January too have some expected benefit payment dates upcoming. GST quarterly payment should arrive January 5, and the quarterly Climate Action Incentive payments should arrive on January 13th.
Again, Happy New Year and do not hesitate to reach out to us if you have any questions or require more information.

12/12/2022

The Federal rent subsidy one time payment is now available to apply for. It is designed for low income earners with less $20,000 or $35,000 for families who have spent more than 30% of that income on rent. The deadline to apply is March 31, 2023

12/06/2022

A new government benefit many families will find helpful. If interested and eligible please read and apply as soon as you can. The program can cover some children’s dental costs incurred since Oct 1, 2022 for families with $90,000 or less income in 2021.

The interim Canada Dental Benefit provides financial support to eligible parents and guardians who earn less than $90,000 per year. They may apply if their children under 12 years old receive dental care and do not have access to a private dental insurance plan.

11/16/2022

In addition to the province of Saskatchewan issuing $500 cheques for all those that filed 2021 taxes and are 18 years of older as of December 31, 2022, the Federal Government has also increased the GST for all those elig...

10/03/2022

The leaves are falling, so are the government benefit payments…falling into your bank accounts.

As we enter the final quarter of 2022 we hope the summer of 2022 was abundant with good health and happiness. Cooler weather will be upon us soon which also means some quarterly government benefits will be arriving soon....

07/20/2022

Are "cheques still in the mail"? Just wondering if those that didn't receive a direct deposit, have the cheque payments been received yet? Has anyone's payment been applied against amounts owing?

I have firsthand evidence the 1st CAI (climate action incentive) aka carbon tax rebate did indeed arrive on July 15th. At least that was the case for those registered with Direct Deposit. We have had some inquiries won...

07/10/2022

This is a great resource for new and existing business owners including daycare in your home operators, and other small businesses operating inside and outside of Canada.

Each year we see more and more clients expanding into the private sector as business entrepreneurs in a wide variety of industries. Whether they are selling good or services we wish them all success in their business ve...