Personal income tax filers: The Canada Revenue Agency’s (CRA) original extension for the deadline for personal income tax from April 30, 2020 to June 1, 2020 remains intact. However, if you have income taxes owing, the deadline to pay the taxes has been extended to September 1, 2020. Personal income tax filers with self-employment income:Read more
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March 18, 2020 In response to the COVID-19 Virus: Our office remains open at this time but with reduced hours for the public (9am to 12pm). Our staff are still working full business hours (830am to 5pm) and we are advising people to communicate with us via email and telephone as much as possible.Read more
Sabo, Jang & Co. is approved by the Chartered Professional Accountants of British Columbia to carry out training programs for both Audit Path and Review Path CPA students. Through our CPA mentors and pre-approved program, you can expect an appropriate and ethical working environment that prepares CPA students to become CPAs. If you are a studentRead more
The Department of Finance is pressing on with tax changes in Canada despite widespread resistance from taxpayers and the media. This week they released some details of how they intend to move forward with measures “to limit income sprinkling using private corporations” and ” to limit the tax deferral opportunities related to passive investments” in private corporations. UntilRead more
Bill Morneau On July 18, 2017, The Department of finance under the direction of Prime Minister Trudeau and Finance Minster Morneau released a consultation paper and draft legislation which targets Canadian Controlled Private Corporations (CCPC). Most incorporated small business’ in Canada are incorporated as CCPCs. Today, CPA Canada released its response to the consultation paper andRead more
