Charles A Mowat Public Accountant

This is the official website of Charles A Mowat Public Accountant. If you have any questions about bookkeeping, payroll, taxes, etc., you can contact me at:

charles@mowataccounting.com

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Referrals Appreciated

It has been another great year so far, thanks to all of you.  Your loyalty to a small local business like mine means so much to me.  Our business has grown because of the many referrals that you have given my business over the years. I strive to go out and get the training that I need to keep my knowledge base expanding so that I can represent you to the best of my ability.  Thank you for your dedication and loyalty.

 

Income Tax Deadline Approaching

It is that time of year again, where we have to face the Tax Stuff, as most people call it.  We are well under way with tax season, as over 1/2 of you have already came to see us and have already filed your tax returns, and got some nice refunds for some of you.  Please do not delay in bringing your information in to us, as the sooner the better when it comes to the April 30th deadline.

An Important note: If you sold your home (Principle Residence) make sure your accountant or more importantly the CRA  is notified on your 2017 Tax Return. Scary Fines from the Canada Revenue Agency if you sold your house in 2017 and do not report it on your 2017 Tax Return!!!

Usually not taxable, but MUST be reported!

2017 Year End

It is time to gather up all of your 2017 information, and get your bookkeeping up to date.  It is also a great time to start a new folder or envelope to start putting your 2018 information into as it arrives.  The past year was a great year, nice and busy, lots of referrals from great clients like you.  I greatly appreciate the referrals. Thank you.

New Contact Information

Here are the options for contacting me.

Charles A Mowat Public Accountant

52 – 331 Pendygrasse Road

Saskatoon, SK, S7M 4R3

Phone: 306-978-2186

Fax: 306-978-2187

Business Email: Charles@MowatAccounting.com

I am also on Twitter @CharlesMowat and Facebook – Charles A Mowat Public Accountant

A member of the Better Business Bureau of Saskatchewan and the SOMA Consulting Group.

My personal email has not changed.

 

GST Remittance

When you are doing your bookkeeping for your business, be sure to track your GST, and PST when applicable, in detail. When calculating your business GST, be sure to enter the amount of GST collected on your sales on the one line and the amount of your GST paid on purchases (ITC’s / Input Tax Credits) on the other line and calculate the difference and submit the difference to the CRA – Canada Revenue Agency.  If needed, call your accountant for details or hire an expert. Your business is too important!

 

Great Tax Season

Thank you to all of you, for another great tax season.  We were very busy again, and I greatly appreciate your support for a local business like mine.  We have now started into our 14th year of business and that success is due to you, happy clients referring your friends to help us grow our business.  When you deal with Charles A Mowat Public Accountant, you get experience and knowledge that you can trust.

Keep an eye on my Facebook Business page, to see information updates that I post there frequently.

Mowat Accounting.com website updated – Reviewing my business is easy now.

Great news, I had my website updated recently, check it out.  One of the biggest additions is the BBB (Better Business Bureau) Logo and link.  If you click on the BBB logo it will take you to my site on the BBB website.  Notice the A+ Rating, and yes that is good.  Please take time to place a review for my business as most of my business growth over the years is because of all you great customers, that have referred my business to your friends, and I thank all of you for that help.

I invite you to click on the BBB Link and place a review.

Merry Christmas & Happy New Year

It is that time of year again where I have the opportunity to wish you a very Merry Christmas.  I hope you get to spend lots of time with your family and friends over the holidays.

It is my wish that you and your family have a happy, healthy and prosperous New Year.

New Minimum Wage in Saskatchewan

Minimum Wage and Minimum Call-out Pay

Minimum Wage

Effective October 1, 2016, the current minimum wage in Saskatchewan is $10.72 per hour.

Most employees must be paid at least minimum wage for each hour worked or spent at the disposal of their employer.

The minimum wage in Saskatchewan will be indexed. This means the minimum wage rate will be calculated using changes in the Consumer Price Index (CPI), a collection of goods and services typically purchased by households, and the Average Hourly Wage in Saskatchewan for the previous year. This new approach will help to provide security for minimum wage earners and ensure predictability for business owners in the province.

Changes to the minimum wage must be announced on or before June 30th of each year and will take effect October 1st of the same year to give business owners the ability to plan for the change.

Minimum Call-out Pay

Most employees get a minimum payment (“minimum call-out” pay) every time their employer requires them to report for work (other than for overtime), even if there is no work for them. Employees are to be paid a minimum of three hours at their hourly wage.  If an employee does work, but less than three hours, the employer is still required to pay the employee for a minimum of three hours of work at the employee’s hourly wage.

For example, if an employee, who is paid $15/hour, is called in to work and is sent home as there is no work for them to do, the employer is required to pay the employee $45 (minimum three hours of work at the employee’s hourly wage). If the same employee was called into work, and only worked 2 hours, the employer would still be required to pay the minimum call-out pay to the employee of $45.

Currently, minimum call-out pay rules do not apply to: 

  • Students in Grade 12 or lower during school term
  • School bus drivers
  • Noon hour supervisors employed by a school board

If these employees work, they are only paid for the time worked with a minimum of one hour.