​Sandy Lake Consulting Ltd

So Many Choices to Make, Let Us Help You Decide What Choices are Right for You.

Changing Your Tax Return - Discovered a missed tax slip?  Missed expenses?  It's  not difficult to change your tax return.  Let us show you how.

Don't Pay Unnecessary EI Premiums or CPP Contributions - Not all earnings are insurable or pensionable. How to get a refund - employer or employee.

Election to Stop Paying CPP Contributions - An employee can complete the election to stop paying CPP contributions on the date that they turn 65.  This election applies to both employment and self-employment earnings.  If the person only has self-employment earnings the form is not needed - the election is done later, on the tax return for that year. Both employed and self-employed? May be able to back-date election for self-employed earnings (to date of 65th birthday).

Want to Know your CPP Entitlement If You Retire? 

Contact Service Canada and request a Statement of CPP contributions at:

http://www.servicecanada.gc.ca/eng/services/pensions/cpp/contributions/soc.shtml

Can I Deduct Interest Expense on Money Borrowed to Purchase Real Estate? If you have borrowed funds to purchase real estate from which you will be earning income, the interest expense is deductible, but with restrictions if the real estate is vacant land.

Worthless Shares or Debt-Do you have a worthless investment?  Can't sell it because it has been delisted?  There may be a way to claim the capital loss.

Children's Fitness and Arts Tax Credits-Make sure you claim eligible expenses for your children.

RRSP’s - Should You Borrow for RRSP’s.  Which is better for you - RRSPs vs TFSAs?  We can show you how to decide.