Business & Personal Accounting Tips at Christmas
Christmas might just be the second most important time of year from a financial perspective. People are spending more, businesses are hiring more staff, parties and presents are everywhere, and a smart person is checking with his or her accountant to make sure they’re prepared for the season. Here are a few accounting tips for […]
What to expect from a business audit
You’ve just gotten the phone call that everyone dreads—a tax auditor from the Canadian Revenue Agency has just called and asked you to schedule an audit. He or she wants to go through, usually, two or three taxation years and you’ve got to provide this person with all your records. It’s a scary procedure that […]
Incorporating Trusts in Estate Planning
You’re preparing for your retirement and wondering how to protect everything you’ve worked so hard to achieve. You don’t want creditors to come around and take your estate—you want to make sure the property, money, and investments go to your family. One way of doing this is to establish a trust. What is a trust? […]
What’s new in Business Taxes in 2017?
With every new budget, the federal government changes something to the tax code. Whether it is raising or lowering the rates, changing the way payroll deductions are charged, or adding or removing tax credits, taxpayers must pay attention to what’s different each and every year. And those changes are why we keep seeing tax accountants […]
Accounting Designations
In the world of accounting there are several designations. To make the best decision about what type of accounting services you need, be it tax planning, bookkeeping, estate planning or someone to handle your audit, you should understand the different designations and the roles they play. Here are four (not inclusive) accounting designations recognized in […]
Tax Planning for Tax Season 2017
For most Canadians, January marks that time of year when we start the process of preparing for income tax filing with Revenue Canada. Whether it is for Personal Income Tax, Business tax filing, Estate Taxes or you’re a Non-Resident, at some point, you are required to file your tax return. With some smart tax planning […]
