Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
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Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
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As the summer months come to an end and students across Canada gear up for the back-to-school season, it's essential to understand and utilize the various education-related tax deductions available. This comprehensive guide is designed to help Canadian students make the most of these deductions, such as those for tuition, student loan interest, and more. By grasping the intricacies of these tax benefits and maintaining accurate records, you can potentially ease your financial burden and optimize your tax return during the tax season.
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Payroll processing can be a time-consuming and complex task for businesses in Ontario. From calculating employee wages and deductions to ensuring compliance with employment standards and tax regulations, payroll management requires careful attention to detail.
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Tax season is a stressful time for many Canadians - well, anybody really, but it doesn't have to be. With the right preparation and understanding of the process, filing taxes can be an easy and efficient process. From understanding the tax deadlines to claiming eligible deductions and credits, this guide provides Canadians with the essential tips and resources to make tax time easier.
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Take the time to understand the tax implications of owning a rental property in Canada and be sure to
take advantage of all the deductions and credits available to you. Doing so can help you maximize your
return on investment and ensure you follow all tax laws and regulations.
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Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.
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Business accounting involves more than maintaining books for tax purposes. Accurate accounting plays a vital role in helping you save money, increase profits, identify where budget cuts must be made and which areas need added resources.
Unfortunately, in an attempt to scale the business, most small business owners try to minimize the time and effort spent on accounting and financial management. As a result, they often overlook the little things that can have a huge impact on the company. This impact could be anything from a loss of financial flexibility to unpaid taxes, fraud, theft and even embezzlement.
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Please note, this is simply a general overview on the major benefits and subsidies available to businesses. There are many more changes to come and many more benefits that exist because of COVID-19. We recommend you always consult with an accounting professional about your specific situation.
Stay tuned for more as we'll keep this post updated as best we can.
Talk soon and stay safe.
Article Written By Mike Libbey
Link to Original Articles:
https://www.canada.ca/…/reve…/campaigns/covid-19-update.html
https://www.canada.ca/…/departm…/economic-response-plan.html
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Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations. There are many misconceptions about this subject, which is why we made a handy FAQ sheet to answer 8 frequently asked questions.
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Original Article Source Credits: Quickbooks, https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cash-flow-gaps-2020/
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Original Article Source Credits:The globe and mail, https://www.theglobeandmail.com/
Article Written By TIM CESTNICK
Original Article Posted on : MARCH 6, 2020
Link to Original Article: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-take-advantage-of-tax-changes-this-year/
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Original Article Source Credits: canada, https://www.canada.ca/
Article Written By NA
Original Article Posted on :NA
Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-filing-season-media-kit/tfsmk-senoirs-tips-help-tax-season.html
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Original Article Source Credits: bnn bloomberg, https://www.bnnbloomberg.ca/
Article Written By Dale Jackson
Original Article Posted on : Jan 31, 2020
Link to Original Article: https://www.bnnbloomberg.ca/understanding-the-difference-between-an-rrsp-and-tfsa-1.1382807
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Original Article Source Credits: Quickbooks , https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on :NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cost-accounting-prime-costs-vs-conversion-costs/
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Original Article Source Credits: Canada, https://www.canada.ca/
Article Written By NA
Original Article Posted on : 2020-01-23
Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2020/what-new-tax-professionals-tax-preparers.html
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Original Article Source Credits: quick books intuit, https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/payroll/using-different-pay-codes/
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Original Article Source Credits: QuickBooks , https://quickbooks.intuit.com/
Article Written By Joy Blenman
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/managing-people/how-to-calculate-the-true-cost-of-a-new-employee/
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Original Article Source Credits: he Motley Fool Canada, https://www.fool.ca/
Article Written By Adam Othman
Original Article Posted on : January 1, 2020
Link to Original Article: https://www.fool.ca/2020/01/01/canada-revenue-agency-the-1-giant-tfsa-mistake-to-avoid-in-2020/
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Original Article Source Credits: Global News, https://globalnews.ca/
Article Written By TERRY PEDWELL
Original Article Posted on : January 1, 2020
Link to Original Article: https://globalnews.ca/news/6352374/rrsp-tax-changes-2020/
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Original Article Source Credits: QuickBooks , https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/finance-accounting/guide-for-small-business-owners/