Thilina Ukwatta

Canatax just surpassed 100 reviews - all 5/5 on Google maps! Our customer experience speaks for the quality of our work.

A huge appreciation to our faithful clients who trusted us since the humble beginning in April 2021.

Looking forward to a great tax season this in 2023.

Schedule your tax appointment in advance by going to our calendly link
https://calendly.com/canatax/personal-taxes-clone-1

Good news for professional immigrants planning to migrate to Canada.

FSW & CEC Express Entry Draws to Resume Early July After an extended hiatus, Canadian immigration minister Sean Fraser announced that FSW and CEC Express Entry draws will resume by early July.

It's the tax season. File before the 30th April 2022 deadline.

Since the Canadian Tax Season is around the corner thought of sharing this with new immigrants.

CANATAX
1850 Commercial Drive, Vancouver, BC
604 428 1861
[email protected]

Enrol for the Level 1 revision for the CFA Program Alpha Business School Pvt. Ltd. with the guidance of an Industry Veteran CFA charterholder Lecture Panel. Call +94 773 654 254 for more details.

With the 2021 federal elections is on the limelight thought of sharing the tax tip:

Federal Political Contribution Tax Credit:
Federal political contributions are donations that made to a registered federal political party or a candidate for election to the House of Commons. These can receive up to 75 percent of your first $400 of donation as credit, followed by 50 percent of any amount between $400 and $750 and 33.3 percent of amounts over $750. The maximum credit is $650. Use Line 40900 in your T1 return to enter the federal political contributions made.

https://lnkd.in/gQBVpEmQ

BC Political Contribution Tax Credit:
The political contribution tax credit is for individuals who make eligible contributions to registered B.C. political parties, registered B.C. constituency associations or candidates for an election to the Legislative Assembly of B.C. These can receive up to 75 percent of your first $100 of donation as credit, followed by 50 percent of any amount between $100 and $550 and 33.3 percent of amounts over $550. The maximum credit is $500. Use Line 60400 in your BC428 return to enter the provincial political contributions made.

https://lnkd.in/gDR7-Dvi

As a professional indulged in finance and tax landscape, it is ironic to know that 57% of Canadians do not have a WILL and millions have WILLS that need to be updated.

Have a look at this 4min read to understand the significance of a WILL and click the link below to get to get guidance in preparing your will.

https://lnkd.in/guEk63w

7 Important Reasons Why You Need A Will Over 57% of Canadians do not have a will and millions have wills that need to be updated. If you're wondering why you need to get a will, keep reading.

It is important that you heed not only your physical well-being but also the mental well-being. Since BC COVID restrictions are to be unshackled very soon, despite the heat wave in BC, high time to get some fresh air to breath to detoxicate and de-stress from a year and half long confinement.

The fresh-air brain cure How getting outside can boost your mental health.

Enrol for the Level 1 of the CFA Program Alpha Business School Pvt. Ltd. with the guidance of an Industry Veteran CFA charterholder Lecture Panel. 250+ hours of focused learning with the lecture recordings made available via our own Learning Platform. Call +94 773 654 254 for more details.

Sharing on a non-partisan stance based on facts presented. With the ludicrous rise in real estate prices in Vancouver, it is now a fiction for an average household to become a first time home buyer. With the influx of new immigrants will the disparity between multi-home owners & first time home buyers widen resulting more chaos in the rental market?

Demand-Supply dynamics - Economics 101

Property-owning democracy or landed aristocracy? Property-owning democracy or landed aristocracy?

Phew! End of another amazing tax season Liberty Tax Burnaby Office. With the COVID relief benefits, WFH benefits, and much more, it indeed was a challenging yet again an interesting year.
Teamwork and adhering to the health guidelines enabled to successfully tackle the influx of tax returns which were duly completed and filed.

In addition, the level of financial and investment education that I was able to impart to clients was immense based on their tax circumstances and thankful to my decade of lecturing experience which now is reaping its benefits in my professional career.
Fellow Canadians, feel free to reach out if you need any knowledge and support for better planning of your financial future.

Until next time.....!

My inaugural article on LinkedIn.

"Sri Lankan Skilled Professionals Migrating to Canada - Express Entry"

Sri Lankan Skilled Professionals migrating to Canada - Express Entry "Under the Immigration Levels Plan, Canada is aiming to welcome 108,500 immigrants through Express Entry this year. It has already issued 37,986 ITAs in 2021 (compared with 10,300 at the same time in 2020).