Founded in 1997 by Thomas Kriens and Leanne LaRose, we are a full-service boutique public accounting firm located in the Beaches area in Toronto.
Kriens~LaRose (KL) is a proud member of the local community and in the span of more than two decades, we are delighted to have forged strong ties with a myriad of small businesses, not-for-profit organizations and individuals in the Toronto area and beyond. If you would like to learn more about our team, our services, or any other information related thereto, we invite you to navigate to the other sections of our website.
SUMMARY OF FILING AND PAYMENT DEADLINES 2020 |
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Individuals |
The deadline to file your income tax and benefit return will be deferred until June 1, 2020. |
Self-employed and their spouse or common-law partner |
For self-employed individuals or those who have spouses or common-law partners that are self-employed, the deadline to pay any balance due for your individual income tax and benefit return has been extended from April 30, 2020, to September 1, 2020. |
Businesses |
The deadline for businesses to pay any income tax amounts that become owing or due after March 18, 2020, and before September 1, 2020, has been extended to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020. |
Trusts |
For trusts with a taxation year-end of December 31, 2019, the filing due date of March 31, 2020, will be deferred to May 1, 2020. |
Charities |
The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity Information Return due between March 18, 2020, and December 31, 2020. |
Here’s a small sample of the types of financial support measures that PM Justin Trudeau announced earlier today (March 18, 2020):
For a full breakdown of the announcement please refer to the information found at the following link:
https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html
The COVID-19 Pandemic has arguably become the main topic of conversation for most people and a concern for both individuals and businesses. In order to benefit the overall physical and fiscal health of our community, at the global and local levels, Kriens-LaRose is contributing our efforts in reducing spread of this virus. Specifically, we are taking the following steps:
Despite the challenges this virus/illness presents for the days and months ahead, Kriens-LaRose is optimistic that by proactively addressing the means by which the Coronavirus is being transmitted, we can help to slow and eventually stop the progression of this disease. We will continue to monitor the situation as it develops and adjust our firm policies and practices as necessary.
Click here to watch firm partner, Leanne LaRose, as she discusses the basics of taxation and the “Wisdom of Wealth” with financial planner, Jason Pereira