Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
Your Bottom Line |
Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
Your Bottom Line |
The Canada Revenue Agency has announced that it will require employers to report when employees have been eligible to access dental insurance or dental coverage of any kind, on annual T4 and T4A slips, beginning in 2023.
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In today's gig economy, managing finances is paramount for freelancers and gig workers. This presentation is tailored for those engaged in platforms like Instacart, Skip the Dishes, Uber, and Etsy, as well as for marketers, influencers, and those pursuing side hustles. Dive deep into the essentials of managing money, navigating taxes, and maintaining an organized financial record. Discover the transformative power of QuickBooks Online and how it can be a game-changer for your business, ensuring your bookkeeping remains in impeccable order.
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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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Effective bookkeeping forms the foundation of a successful business. It's not just about managing numbers; it's about understanding your financial health and making informed decisions. At Your Bottom Line Accounting Firm, we understand the importance of accurate and efficient bookkeeping. In this blog post, we'll explore the top five bookkeeping mistakes to avoid, helping you maintain a healthier bottom line and ensuring your business's long-term success.
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In this exciting video, we bring you a meeting between financial expert Mike Libbey and Robinson Smith, the creator of the revolutionary investment strategy "The Smith Manoeuvre." Join us as they discuss the ins and outs of this innovative approach to wealth building and learn how it can help you achieve your financial goals. Don't miss out on this opportunity to gain valuable insights from the mastermind behind "The Smith Manoeuvre."
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We know how fast a Canada summer can pass us by, so we wanted to let you know about the Canada Revenue Agency (CRA)’s good news before you head off-grid to enjoy all of the natural wonders Canada has to offer!
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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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Running a successful business requires more than just a great product or service—it also demands diligent financial management. For Canadian entrepreneurs, understanding and avoiding common accounting mistakes is crucial for maintaining financial stability and fostering long-term growth.
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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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Find out what's new for the 2021 tax season and your filing and payment due dates. Begin by gathering your documents to report income and claim deductions, and choose how you want to file and send your completed tax return to the CRA. You can find our 2021 Tax Checklist at the end of this email, free to download!
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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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What sets us apart from the rest of our competitors is that we take a very different view than most firms when it comes to the concept of ‘TEAM’. Our view is simple: the TEAM comprises of US and YOU, not just us. That’s why we work so hard to build a solid relationship with you as a client. It is this, which sets us apart from all other accounting firms. In fact, TEAM ETHOS is the key ingredient in forging a successful relationship with you.
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