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 |
Join us for an empowering presentation on “Setting your Business up for Success: Quickbooks 101” Learn the essentials for seamless financial management tailored to your business.
Your Bottom Line |
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.
Your Bottom Line |
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.
Your Bottom Line |
In Budget 2022, the government proposed the introduction of the Tax-Free First Home Savings Account (FHSA). This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis. Like a Registered Retirement Savings Plan (RRSP), contributions would be tax-deductible, and withdrawals to purchase a first home—including from investment income—would be non-taxable, like a Tax-Free Savings Account (TFSA).
Your Bottom Line |
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.
Your Bottom Line |
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.
Your Bottom Line |
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.
Your Bottom Line |
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
Your Bottom Line |
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.
Your Bottom Line |
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.
Thanks for stopping by our blog. If you’re looking for more information about Your Bottom Line, you’ve come to the right place.
External Author |
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/
External Author |
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/
External Author |
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
External Author |
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
External Author |
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/
External Author |
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
External Author |
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/
External Author |
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/
External Author |
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/