Entries by Sarb Cheema, CPA, CGA

New office in Mississauga!

  Your loyal support has helped us grow, and now we need more space to serve you better. It is with great pleasure to let you know that effective September 1st, 2016, we are relocating to a more comfortable and spacious area to accommodate our growth. Our website, email, and telephones, will not change so […]

Teachers School Supply Tax Credit

Teachers School Supply Tax Credit Prime Minster Justin Trudeau’s proposal to teachers will be rolled out in 2016. Teachers who dip into their own wallets to buy school supplies are finally being offered an extra token of support. The 2016 budget has introduced a new teachers School Supply Tax Credit for the cost of educational supplies. The […]

Tax implications of the 2016 budget

Tax implications of the 2016 budget The 2016 federal budget included a number of measures that will impact Canadian taxpayers. Here are some of the tax aspects of the budget which will impact individuals and small business owners. 1. Reduction of middle-income tax bracket The middle-class income tax bracket would be cut from 22% to […]

Tax Return for Deceased Person

Tax Return for Deceased Person Tax Return for Deceased Person Death is an inevitable part of life and at some point in time we are all affected by it. During this difficult time, we are hoping this guidance will help provide some ease from a tax perspective for those affected. Legal representative A deceased’s legal […]

2016 Income Tax Deadlines

Important dates for 2016 (Individuals) Individuals should make note of the below key dates impacting 2016 tax season: 2016 Income Tax Deadlines Generally, your return for 2015 has to be filed on or before April 30, 2016. Since April 30, 2016 falls on a Saturday, individuals have until Monday May 2, 2016 to file. Balance owing […]

Canada Revenue Agency (CRA) HST Audit

Canada Revenue Agency (CRA) HST Audit Canada Revenue Agency CRA HST Audit The Canada Revenue Agency (CRA) frequently conducts HST audits and reviews to make sure Canadians are complying with the regulations. CRA HST Audits can also be referred to as GST Audits or GST/HST Audits. GST/HST audits focus on GST/HST filing errors and omissions. The CRA […]

Brampton Accountant: 2015 Income Tax Checklist

Brampton Accountant: 2015 Income Tax Checklist Brampton Accountant: 2015 Income Tax Checklist. Cheema CPA Professional Corporation is a Chartered Professional Accountant firm located in Brampton, Ontario. We provide professional tax and accounting services. Each year we put together a checklist to help our clients assemble all the information required for personal taxes. This checklist will help […]

Personal Tax Changes 2016 Tax Season

Personal Tax Changes 2016 Tax Season Changes and Updates for 2016 Tax season We will discuss the personal tax changes 2016 tax season in this article. Following key changes to existing services, credits, and amounts impact individual taxpayers in the 2016 tax-filing season: Updated notice of assessment – The Canada Revenue Agency (CRA) has updated […]