Testimonials

Marion Tripp

I have used Williamson Accounting since the beginning of Virtual Option.

Michael has always provided me with excellent service, advice and consulting.

They do the monthly bookkeeping for Virtual Option and also file my tax returns. Michael has been actively involved in the company’s growth and success.

I highly recommend their accounting expertise for small business.

Marion Tripp, President,
Virtual Option

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Williamson Accounting Inc. helping your small business to reduce taxes and simplify accounting in the Greater Toronto Area (GTA) and across Canada.

For a free initial conversation about your business, call (416) 444-8747 or Contact us.

What you need to know about GST/HST

featured-filingThe GST/HST is a value added tax introduced in Canada in 1991.  If your business has an annual worldwide sale of more than $30,000, you must register for GST/HST. The requirement applies to all businesses, including sole proprietorships and partnerships.  Registration is not mandatory until you reach the $30,000 threshold for you or your business, but it may be a good idea to sign up voluntarily. 

 

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Tax Implications of Owning a Cottage or Second Home

principalresidenceCottage ownership is enjoyed by many. Having a place away from home, where you can experience the great outdoors with family and friends is golden. Other people prefer a change in scenery and would rather have the flexibility of going to different places rather than be compel to one given location. I guess different strokes for different folks.

If you own a cottage or second home and are now seeking to sell, a few things will come to mind- mainly the tax implications of ownership.

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Clearing the air on CRA's Taxpayer relief program

MP900341783There is quite a lot of information circulating regarding the Taxpayer relief program (previously termed “fairness provisions”). After 10 years of communicating with CRA on behalf of clients I hope to clear the air and highlight some of the common myths surrounding the program.

 

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Visit Us

We are located near Sheppard Ave. and the 401/ 404 Hwy corridor at 203- 211 Consumer Road 
Toronto, ON M2J 4G8
Tel: 416-444-8747
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Quotable

Franklin D. Rooosevelt

"In the truest sense, freedom cannot be bestowed; it must be achieved"

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