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Trusted Saskatoon Bookkeeping & Tax Tips If You Have Missing Tax Slips

18. Feb 2023 Admin Saskatoon Bookkeepers, Trusted Tips

Missing a Tax Slip? Here's How to Find it and What Happens if You Don't

Walk into a Canadian household in April and you’ll likely find a kitchen table littered with receipts and pairs of reading glasses. Yet with all the receipts and tax slips you’re supposed to keep, it’s likely some are going to go missing – and a missing slip can mean a big swing in your tax bill. Before you go ahead and file your return, you’ll want to do your due diligence to avoid any penalties for missing or inaccurate information.

Check your account online

My Account for Individuals is a great place to start to check your info. Logging into your account, you should be able to find online versions of your T4 slips. You’ll also be able to check carry-forward balances like tuition credits or capital losses, as well as your RRSP contribution limits. While you’re there, you can also sign up for a direct deposit to get your refund faster and deposited directly to your bank account.

Call the CRA

Only some of your tax slips will show up in My Account, namely the slips that begin with T4. To verify all your tax slips that the CRA has on file, particularly ones that relate to investments, you can call the Individual Enquiries line at 1-800-959-8281. Before you call, make sure you’ve got your SIN and last year’s tax return handy (which you can view online). After answering a few security questions, you can ask to confirm the slips they have on file for you and compare their records to yours to see if you’ve missed anything.

How do you know if the CRA has all your slips?

The majority of T3s, T4s, and T5s will all be processed through the CRA’s system. As the processing of these slips requires a SIN, the income on the slip is then attributed to you which you can then verify when you call the CRA.

‍However, not all slips go through the CRA’s system.

‍Certain slips such as T2202As for tuition deductions, T5008s for capital gains and losses, and RRSP contributions are not always processed by the CRA. While the rules differ across the various types of tax forms, some slips can be generated independently and don’t have to go through the CRA’s system first. For these slips, you’re going to want to track them down from the source provider since the CRA won’t have them on file.

For example, if you know you’re meant to receive a tuition credit, call the school to grab your form. If you’ve made some stock trades in the year, call your bank to grab a gains and losses report. Unfortunately, there’s no fool-proof way to know that you’ve got all these types of slips – you’ll just need to remember!

What happens if you still miss a slip?

If you file your taxes with a missing slip, don't expect a collections officer at your place. If the missing slip contained only a small amount of income, you may get lucky and the CRA may just ignore it. On the other hand, if it’s a significant amount of income, you may be automatically reassessed.

When this happens, as long as you’re in a refund position, you likely won’t have the interest to pay. Unfortunately, if the swing is big enough to generate a balance owing, you may have some interest to cover. If you missed a significant slip that the CRA does not have on file such as a tuition slip, not to worry, you can file an adjustment to your return down the road if you’re able to track it down. Before you file your return, double-checking that you’ve got all your slips covered will mean a faster refund, no interest, and less stress!




Trusted Founder Sara Wheelwright Steps Up To Participate In 2023 The Sanctum Survivor 36-Hour Challenge

17. Feb 2023 Trusted Saskatoon

The Trusted team believes giving back is always in style. We are proud members of the Saskatoon business community. We love our city and do what we can in an effort to support local events,  non-profits and to help individuals in need. 


 Help Sara reach her fundraising target and Support Sanctum Care Group by donating:  

https://www.canadahelps.org/en/charities/sanctum-care-group-inc/p2p/sanctumsurvivor2023/page/sara-wheelwright/
 


"If you wait until you can do everything for everybody, instead of something for somebody, you’ll end up doing nothing for nobody." ~ Malcolm Bane 


On May 25 & 26, 2023, our founder Sara Wheelwright, and eight other community leaders will live as if homeless for 36 hours on the streets of Saskatoon as part of the Sanctum Survivor 36-Hour Challenge. In teams of two, Survivor participants will be given tasks to complete. Each lesson will aim to demonstrate specific challenges that society is often unaware of but are an everyday reality for those homeless with HIV. Participants will wear donated clothes and shoes. They will not be allowed personal belongings other than a phone (to update the public on their journey). The event itself is both powerful and unprecedented. It attempts to shed light on the intense hardship faced by people who experience poverty, homelessness and chronic illness here in Saskatoon.


Sara Wheelwright - Participant - 2023 Sanctum Survivor Challenge. 

Owner of Trusted Saskatoon and Trusted Marketing Services, Sara is an award-winning marketer, entrepreneur, and community supporter. Sara is committed to supporting our community and volunteers her time and professional resources. You will find her organizing & facilitating conferences to provide tools and a safe space to discuss critical social issues, such as youth suicide, domestic violence and trauma.

She donates ongoing marketing services to support many non-profit fundraising events and ongoing campaigns., Including, but not limited to, Wiegers Care For Kids, TLC@Home, Saskatoon Progress Club, Mending Little Hearts and TeleMiracle.

Nothing satisfies Sara more than promoting and supporting local non-profits and organizations to succeed. When she was approached to be a participant in the 2023 challenge,

 she didn't hesitate to step up; she had heard about the fantastic work Sanctum has been doing in Saskatoon and wanted to do all she could to help. 


WHAT IS THE SANCTUM GROUP? 


Sanctum is Saskatchewan's first hospice with respite and supportive care for people living with and affected by HIV/AIDS. Sanctum Group is a registered Non-profit, and it runs several vital programs.


Sanctum 

The hospice and transitional care home provides around-the-clock transitional care for HIV-positive persons with social and high-risk behaviours and conditions, including homelessness, that prevents them from adequately caring for themselves. In addition, this home provides compassionate end-of-life care to HIV-positive individuals with a palliative diagnosis. 

Sanctum 1.5


10-bed prenatal care home which supports high-risk and HIV-positive pregnant women at risk of having their infants apprehended at birth.

Sanctum provides a community for individuals requiring supportive care to attain their optimum level of health while maximizing their control and dignity. Incorporating existing community services in Sanctum's safe and supportive environment, the prenatal home works preventively to meet these women's health and social needs more effectively and efficiently, improving the health and well-being of mom and baby while mitigating the risks associated with apprehensions of infants at birth.


As of May 2022, 92 mothers completed/graduated the program – 93 babies were prevented from entering foster care. In addition, mothers who have successfully graduated from the program have had an additional 56 children returned to their care. A total of 149 children are now successfully within the care of their mothers, either through prevention or return from foster care.

" I humbly ask for your support as a participant in the 2023 Sanctum Survivor Challenge, I have a target to raise $20,000 and I can only do that with the help of my friends, family and colleagues. Sanctum does much-needed work in our city, and I acknowledge that the 36-hour homelessness experience by no means accurately depicts the numerous barriers and complex issues faced by persons who survive daily in poverty and homelessness; however, I hope that drawing awareness of some of the many challenges our cities most vulnerable citizen face may be a catalyst for real and lasting change. Anything you can do to support me will be appreciated and valued. Thank you in advance "  Sara Wheelwright 

HOW CAN YOU HELP?

There are several ways you can support Sara in the 2023 Challenge.

1. Follow along on Sara's social media to take part in her journey in The 2023 Sanctum Survivor Challenge on May 25th & 26th 2023

Please SHARE Sara's posts to help spread awareness of this year's challenge. 

1.. Help Sara reach her fundraising target and Support Sanctum Care Group by donating here:  

https://www.canadahelps.org/en/charities/sanctum-care-group-inc/p2p/sanctumsurvivor2023/page/sara-wheelwright/


4. Another way you can help is to donate much-needed Items to Sanctum. Please email sara@trustedcanada.com and she will arrange for pick up. See the list of items Sanctum 1.5 needs below. 

Resident Needs:

  • Winter gear – coats, boots, toques, mitts, etc.

  • Toothpaste and toothbrushes

  • Sports bras/nursing bras

  • Adult colouring books/coloured markers

  • Laundry baskets

  • Underarm deodorant 

  • Shampoo/conditioner/body wash/soap

  • Feminine hygiene products

  • Lotions (scent-free)

  • Disposable razors

  • Nail clippers

  • Socks/underwear

  • Bath Towels

  • Face cloths

  • Pillows/ pillowcases

  • Slippers

  • Maternity wear/sweat pants(leggings)/Nightshirts(P.J.’s)

  • House coats

  • Pyjamas

  • Men's and women's sweats, shoes, comfortable indoor clothing

  • Crafting supplies

  • Nursing pads

  • Nipple cream

 

Baby Items:

  • Outdoor wear or winter wear

  • Diapers

  • Baby wipes

  • Diaper cream

  • Formula

  • Pacifiers

  • Nasal aspirator

  • Sleepers

  • Car seat covers

  • Baby soaps/lotions

  • Sent free baby laundry detergent

  • Face cloths

  • Baby towels

  • Receiving blankets

  • Baby nail care kit

  • Breastfeeding pillow

  • Baby under shirts

  • Bottle washers

  • Bottle warmers

  • Bottle liners

  • Bibs

  • Diapers

  • Teething rings

  • Baby socks

  • Night lights

  • Crib/bassinet sheets

Household Items 

Please note: Health Regulations require that these items be unopened and in their original packaging.

  • Instant pot

  • Ninja blender

  • Bread maker

  • Large slow cooker

  • Canned goods

  • Hand sanitizer

  • Cereal

  • Nonperishable food items

Your Ultimate Tax Checklist From Trusted Saskatoon

17. Feb 2023 Admin Saskatoon Bookkeepers, Website

Your Ultimate Tax Checklist 

It is that time of year again… tax season! If you are like most people, doing taxes is something you view as a dreaded task or you procrastinate doing. Do not fear, we have a helpful Tax Season Checklist to make doing your taxes easier to organize. This list will outline all the things we could need from you in order to prepare your income tax return. 

Tax Slips

  • T4 slips (Employment income)
  • T4e Employment Insurance benefits
  • T4A (other pensions, annuities, and certain scholarships)
  • T4AP (CPP benefits)
  • T4 RSP (RRSP income)
  • T4 RIF (RRIF income)
  • T4 A-OAS (old age security)
  • T3 (Mutual Funds, REITs, ETFs) 
  • T5 (investment income – interest, dividends, certain capital gains)
  • RC62 (Universal Child Care benefits)
  • T5007 (Social assistance payments/Worker’s compensation benefits)
  • T2202A (Tuition/education receipts)
  • T5031 (partnership income)
  • T2200 (Condition of employment/allowable employment expenses)
  • All other information slips

Receipts

  • RRSP contribution slips
  • Medical expenses
  • Support for a child, spouse, or common-law partner
  • Transit pass receipts
  • Charitable donations
  • Office-in-home expenses
  • Moving expenses (including realtor’s commissions)
  • Exams for professional certification
  • Carrying charges and interest expenses
  • Other interest expenses
  • Political contributions
  • Childcare expenses
  • Adoption expenses
  • Children’s arts and sports expenses
  • Tool expenses (tradesperson)
  • Interest paid on your student loans
  • Professional or union dues
  • Attendant Expenses for the disabled person
  • Other Documentation
  • Notice of Assessment/Reassessment
  • CRA Correspondence
  • Amounts you have paid in tax installments
  • Rental income and expenses
  • The sale or deemed sale of stocks, bonds, real estate, etc.
  • Disability tax credit certificate
  • Business, farm, or fishing income or expenses
  • Northern resident’s deduction receipts
  • Commission employee expenses
  • Automobile/Travel logbook and expenses (self-employed and commissioned employees)
  • Volunteer firefighter’s certification
  • Graduate Retention Certificate
  • Search and rescue volunteer certificate
  • Legal expenses to collect alimony, pension, or retirement allowances

Other Documents

  • Notice of Assessment/Reassessment
  • CRA Correspondence
  • Amounts you have paid in tax installments
  • Rental income and expenses
  • The sale or deemed sale of stocks, bonds, real estate, etc.
  • Disability tax credit certificate
  • Business, farm, or fishing income or expenses
  • Northern resident's deduction receipts 
  • commission employee expenses
  • Automobile/travel logbook and expenses (self-employed and commission employees)
  • Volunteer firefighter's certificate
  • Search and rescue volunteer certificate
  • Legal expenses to collect alimony, pension, or retirement allowances



Trusted Saskatoon Is Hiring a Trusted Directories Sales & Customer Experience Manager

13. Feb 2023 Trusted Saskatoon Trusted Media

Trusted Directories Sales & Customer Experience Manager


 


Trusted Saskatoon is HIRING! 

If you are driven, honest, organized, reliable and loyal, this may be your perfect role.

If you love helping people, networking, and enjoy building strong client relationships, we should talk! 

Contact us if you enjoy working as part of a team but have no problem being accountable and motivating yourself. 

The ideal candidate will be an ambitious self-starter looking for a career where hard work and results pay off. They must be comfortable learning new technologies and be based in or willing to move to the Saskatoon area. 


The role has two parts. 


Account Management Of Existing Trusted Saskatoon Partners.


The consultant will manage and serve the existing Trusted Saskatoon Partners. 

The partners need to be contacted at least bi-monthly and have in-person meetings once a quarter to discuss goals and review results.

The goal is to retain and engage the partners in receiving as much additional value, leads and return as possible from their investment and commitment to the Trusted Community. 

The role includes support from admin staff.


Managing/Prospecting New Business:


Leads/nominations are received regularly and will be sent to the consultant as they are received. 

These companies must be contacted within five days, and the result is tracked on our team task software.

The consultant will be responsible for the entire onboarding process with a client, from the initial meeting and presentation, sourcing contact details, and verifying the client's suitability for the Trusted community. Once prospects become partners, the role involves data management, building the listing(s), and all the associated follow-up until the client approves their listing(s) to go live on the website.


Salary and Compensation 

The first year is a set salary to learn the role thoroughly. After the first year, the earning potential is tied to revenue and uncapped earnings. The right candidate should expect to earn six figures within 2-3 years. 


Additional Expenses Covered Include:

  • Vehicle expenses - Details provided at the interview stage- a vehicle is required for this role. 
  • Mobile Phone expenses - Details provided at the interview stage
  • Client Entertainment budget - Details provided at the interview stage 
  • Laptop: Company Mac Book provided
  • BONUS: Details provided at the interview stage


After three months performance review period.


Group Benefits

  • After three months - Chambers Plan Group benefits / Critical illness 
  • After one yr - Additional Health Spending Account 
  • After three yr -Additional Wellness Spending Account


The successful candidate will be fully trained. 



Please email your resume to Sara@trustedcanada.com along with a cover letter explaining why you believe you would be suitable for this role. 


Applications must be received by March 15th, 2023 




Who We Are: 

The Trusted team is inclusive, diverse and talented. There are currently 10 of us, most of whom work on the marketing agency side of the business - Trusted Marketing Services. 

We are a multi-award-winning company with a great culture, and we have been recognized for supporting our clients and our community. 

Our team consider ourselves very fortunate as we work with and for over 100 integrity-driven notable Saskatchewan companies and organizations across many industries.  

Trusted Saskatoon Realtor Marla Janzen Shares Her Home Maintenance Tips For February

10. Feb 2023 Trusted Saskatoon Saskatoon Real Estate, Trusted Tips

Marla Janzen is an award-winning SASKATOON & WARMAN REALTOR  she takes action to sell her client's homes and find them the perfect new place to live while negotiating the best terms and price possible. She loves what she does and takes great pride in providing excellence in customer service to all of her clients. 

Marla Janzen is a  TRUSTED SASKATOON REAL ESTATE AGENT and she is eager to provide Trusted Saskatoon real estate Tips that help the public! In her latest tip, she shares some helpful information and advice about maintaining your home in February in Saskatchewan! 



 Trusted Saskatoon Realtor Marla Janzen Shares Expert Advice About Home Maintenance You Should Do In February.  


Winter in Saskatchewan can be extremely damaging to your home’s health. Temperature drops and high winds can put a strain on both the interior and exterior. During these bitterly cold days, it’s easy to fantasize about warmer climates.  


While you wait for warmer weather, use the next few weeks to complete some household maintenance tasks.


1. Change batteries in smoke and carbon monoxide detectors – Change the batteries in all smoke alarms twice a year or follow the manufacturer’s recommendations for changing the battery. Every two years, take the cover off, clean it with a damp cloth, and carefully vacuum the inside of the alarm. All smoke alarms have an expiration date.

2. Check gutters and roof for ice dams and icicles – Ice dams and icicles form when melting snow re-freezes at the roofline of your home. If left unchecked, ice dams can become large enough to prevent water from draining off the roof, resulting in roof leaks. Keep your gutters clean, your downspouts functional, and your attic well insulated to avoid this potentially costly repair.

3. Have heavy snow cleared off of your roof and ensure snow is removed from around exterior walls – A significant accumulation of snow on your roof can cause a slew of issues and endanger the structural integrity of your home. While our roofs are built to withstand the elements, they require regular maintenance to remain durable winter after winter.

4. Check for drafts around doors and windows – Keeping your home free of drafts will help keep interior temperatures where you want them without taxing your heating system.

5. On warm days keep eaves trough spouts down for proper drainage – Gutters and downspouts are essential parts of a home’s exterior, but if they aren’t installed or maintained properly, they can cause problems. Keep your gutters clean. The most common drainage problem is overflowing gutters. Everything from balls, and dead squirrels to bird nests to sticks, leaves, and debris piling up will then develop a cover over the leader drain, causing the gutter to overflow.


Marla Janzen has a keen eye for house layout and home staging, which really benefits her clients, most of whom are past client referrals! She guarantees to provide you with a stress-free, hassle-free, wonderful experience and we are sure once you have met her that you will not contact anyone else!

Marla Janzen is a TRUSTED SASKATOON REALTOR®



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