Tax may be owed depending on personal circumstances and the type of Covid benefits received. Read More Original Article Source Credits: Advisor's…
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Categories: Corporate Tax Planning , Tax Planning Services
CRA sending details of bank accounts to IRS that dont have to be reported
The Canada Revenue Agency has been reporting hundreds of thousands of Canadian bank accounts to the Internal Revenue Service, despite the…
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Categories: Corporate Financial Statements , Corporate Tax Planning
How to check if you have unclaimed cheques from the CRA
An overwhelming majority of Canadians now file their taxes electronically. Last year, in fact, 90 per cent chose that method. Even…
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Categories: Corporate Tax Planning , Tax Planning Services
4 tax tips when filing for your unincorporated business
Preparing taxes at year-end can be challenging and things can become more complicated if you own a business as a…
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Categories: Accountant , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Payroll Services Montreal
What to consider if you still have RRSP contribution room
With just weeks left before the contribution deadline, a Certified Financial Planner rounds up key facts and common RRSP myths. Registered…
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Categories: Accountant , Corporate Tax Planning , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes
Checklist for Small Businesses
This checklist is for people like you who are starting a business. Using the links below, you can get information…
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Categories: Accountant , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Personal Tax Planning , Tax Planning Services
Canada Revenue Agency 2021: 1 Important TFSA Change to Note
The Canada Revenue Agency (CRA) announced several important updates before 2020 ended. One of the most important updates was regarding…
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Categories: Corporate Tax Planning , Payroll Services Montreal , Personal Tax Planning , Tax Planning Services
Tax Planning 101: You Have Until March 1 to Reduce Your 2020 Tax Bill Using RRSP
The year 2020 was different from other years for many Canadians even in terms of income. Many people lost their…
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Categories: Bookkeeper , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Personal Tax Planning
New year, new tax rules: Why the upcoming tax season will be a challenge
The 2020 tax season will look different for many Albertans, financial experts say. "I think for a lot of people if…
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Categories: Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
Taxpayer watchdog to monitor how CRA handles pandemic-stressed taxpayers
The new federal taxpayers’ advocate says he plans to keep a close eye on how the Canada Revenue Agency treats…
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Categories: Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Personal Tax Planning , Personal Taxes , Tax Planning Services
These end-of-year tax tips will help those who received CERB and other pandemic benefits
Halloween plays an important role in the lives of many tax professionals as it signals there are only two months…
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Categories: Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Personal Tax Planning , Personal Taxes , Tax Planning Services
Prepare now for tax fallout from Covid-19, says tax expert
With the government’s colossal fiscal response to Covid-19, financial professionals must shield their clients’ wealth ahead of potential tax increases,…
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Categories: Accountant , Bookkeeper , Corporate Tax Planning , Corporate Taxes , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
The Government of Canada launches applications for the Canada Recovery Sickness Benefit and the Canada Recovery Caregiving Benefit
Many people are still being impacted by COVID-19 and require temporary income support. To ensure that Canadians continue to have…
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Categories: Corporate Tax Planning , Corporate Taxes , Personal Tax Planning , Personal Taxes , Tax Planning Services
Feds promise free, automatic tax returns — a change that could send benefits to thousands
The federal government says it will soon introduce a free, automatic tax filing system for simple returns — a policy…
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Categories: Bookkeeper , Corporate Financial Statements , Corporate Tax Planning , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
Corporate income tax, GST/HST and payroll deductions
Paying your debt all at once, and in full, helps you avoid interest and other legal and financial consequences. However,…
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Categories: Accountant , Corporate Financial Statements , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
CERB is transitioning to EI. What does that mean?
The federal government announced on Thursday that the Canada emergency response benefit (CERB) will be extended an additional month and then transition…
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Categories: Accountant , Bookkeeper , Corporate Financial Statements , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
Canada Revenue Agency: 1 Huge Deadline Change for 2020 Taxpayers
The Canada Revenue Agency (CRA) showed genuine concern for taxpayers after COVID-19 disrupted the 2020 tax season. When the pandemic broke out,…
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Categories: Accountant , Bookkeeper , Corporate Financial Statements , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
CRA adds T4 reporting requirements to validate benefit payments
The Canada Revenue Agency (CRA) is requiring Canadian employers to provide additional information on T4 slips for the 2020 tax year…
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Categories: Corporate Financial Statements , Corporate Tax Planning , Financial Statement Preparation
Preparing Financial Statements With Accounting Montreal
Though the primary purpose of a financial statement is to record transactions, incomes, and expenses, it can certainly offer you…
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Categories: Accountant , Bookkeeper , Corporate Financial Statements , Corporate Tax Planning , Corporate Taxes , Financial Statement Preparation , Income Tax Returns , Payroll Services Montreal , Personal Tax Planning , Personal Taxes , Tax Planning Services
Preparing Corporate Taxes With Accounting Montreal
If you are new to the world of business, there are several crucial elements in this territory that you need…
