Know eligible Mb tax credits

Looking for more eligible Tax credits? How about taking advantage of the Paid Work Experience Tax Credits (PWETC)?
It helps to promote more paid work and on-the-job training opportunities for students. Eligibility now includes employers who hire a student in a wide range of registered high school vocational programs that are not connected with the apprenticeship system.
To learn more about this (and other Manitoba tax credits), go to…

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The Government of Canada is currently seeking applications from eligible applicants interested in receiving funding from the Enabling Accessibility Fund (EAF) and the deadline for submissions is July 26, 2017.

The EAF funds organizations, businesses and other eligible recipients to improve accessibility and/or safety for people with disabilities by supporting the capital costs of renovation, construction and/or retrofit activities and the provision of accessible technologies in workplaces and communities across Canada.

Funding Schemes:
This Call for Proposals has two funding streams:
Workplace Accessibility Stream: To provide funding for small projects that improve accessibility and/or safety for people with disabilities in workplaces across Canada. These improvements must be addressed through renovation, construction and/or retrofit activities or through the provision of accessible technologies, in facilities where people with disabilities work or could work in the future.

Community Accessibility Stream: To provide funding for small projects that improve accessibility and/or safety for people with disabilities in communities across Canada. These improvements must be addressed through renovation, construction and/or retrofit activities or through the provision of accessible technologies, in community spaces where programs and/or services are offered, or will be offered, to people with disabilities.

Should you have any questions, do not hesitate to contact Anna Mondor from Beausejour Brokenhead Development Corp. at 204-268-7556.

More information visit the website:…/fu…/enabling-accessibility-fund.html

Availablity Notice

HAPPY 2017!!  I hope these past couple of weeks have gone well for you thus far.

This is a quick message to notify you that Balanced Business Bookkeeping Solutions office will be closed while I am away on my long awaited vacation. I will be away from February 1st and plan to return to the office on February 14th.

I thank you in advance for your cooperation and patience during my time away.


Tax Options

Cringing at tax time because you don’t look forward to a balance owing? What can you do to eliminate a balance owing at tax time?

Your options all depend on your personal situation; marital status, dependents, income level (from all sources), and any eligible credits such as medical expenses, RRSP contributions, eligible transfers, or taxes already paid for the year.

Although no one likes having an Income Tax balance owing, it’s not good to claim a significant refund at tax time either. This means the Gov’t has been using your money at your expense. As long as you are able to pay any balances owing by the deadline, you are better off with a balance owing at tax time.

It’s good to start preparing now. It’s recommended that you assess anything that may affect your Income Tax Return result (no matter the size) and consider contacting your tax preparer to compare these things to the prior year in hopes of estimating what your balance may be. Something as simple as a small wage increase or added work benefits, health issues, or age can make a significant change to the end result.

Be prepared!



Congratulations to the recent ladies who graduated from Balanced Business Bookkeeping Solutions last available QuickBooks training class!

Your new knowledge of a computerized financial recording system is a great and rewarding task to help ensure the financial accuracy and success of your business. I wish you the best in your future endeavors.

Katherine MacFarlane 🙂

CPA Canada unification of accounting professions

Under one name, Chartered Professional Accountants of Canada (CPA Canada) now provides merged services to Chartered Professional Accountants, Chartered Accountants, Certified Management Accountants, and Certified General Accountants.

Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue attended the CPA Canada’s first National Conference as a unified organization on September 23rd. In her speech at the national Council of Chairs of CPA Canada on September 23, Minister Findlay highlighted the importance of collaborating with the tax professional community in maintaining the integrity of the tax system.

CPA Canada now represents more than 190,000 members who are critical to tax compliance in Canada. Tax preparers play a crucial role in Canada’s self-assessment system. In fact, the majority of income tax and benefit returns are filed on behalf of taxpayers by tax preparers. A well-informed and competent tax preparer community can prevent recurring errors, saving taxpayers from costly problems later on and reducing red tape for business.

The Government of Canada is collaborating with CPA Canada and other stakeholders on a variety of initiatives to improve the tax system and enhance online services for tax professionals.

To read more on this subject, including some quotes and quick facts, GO HERE.


EI cuts for small businesses in 2015 & 2016

Finance Minister Joe Oliver has recently announced that Ottawa moved to cut employment insurance premiums for small businesses, indicating it as an effort help save employers money over the next two years and help stimulate hiring.

Justin Trudeau proposed an alternate idea that employers who hire additional workers should get a two-year holiday from paying employment insurance premiums for those employees, which he thinks is a better way to help create jobs. He pointed out that the Harper government’s decision to reduce premiums only applies to small businesses that pay premiums under $15,000, which actually gives some employers an incentive to fire workers.

Trudeau says his proposal would cost the same as the government’s plan — $225 million — and create 176,000 jobs. Trudeau says the Liberals will also probably support NDP Leader Tom Mulcair’s proposal to introduce a $15-per-hour minimum wage for workers in federally regulated sectors.

Katherine MacFarlane’s comments … well first, I’ll believe it when I see it. Secondly, let us not get all excited, because this proposal, as most do, have it’s restrictions. Keep in mind that employee premium deductions from wages will not be changing, and this may cause your claim acceptance to be even more difficult than it already is … right when you need it most!

You’ll see that these articles are certainly centered around Ottawa standards, but I can only assume this would be applied across the country. We are all too familiar with how the government operates … they are always good at making it seem like they are doing us a favor.

Do you have an opinion or comment? I would love to hear it!

Read on for more details which appeared in the Winnipeg Free Press Sept 11th and the Sept 13th. edition.