Here you’ll find articles and information related to accounting, bookkeeping, payroll, and taxes in Canada.
2025 Update for Taxpayers and Representatives Businesses and taxpayers across Canada need to take note. The federal government is moving ahead with proposals that would significantly strengthen the Canada Revenue Agency’s (CRA) audit powers. While these changes are still in draft form, the tone is...
We’ve put together a roundup of key 2025/2026 tax updates because as tax season approaches both individuals and small business owners in Ontario and across Canada are starting to organize their paperwork and assess what might be different this year. By understanding what’s changed in...
Professional Accounting Services Saves You Money Hiring professional accounting services saves you money by uncovering opportunities you may overlook. These experts understand Canada’s complex tax laws and financial regulations, and ensure you keep more of your hard-earned income. Today’s young Canadians – especially those aged...
If you have been receiving the CERB payment you’re going to have to pay taxes on it. CERB is considered a source of income. The Government of Canada introduced CERB during the ongoing COVID-19 pandemic. CERB stands for Canada Emergency Response Benefit. This benefit allowed...
According to recent news, the CRA will be issuing CERB payments to Canadians in need of financial assistance for another eight weeks. For those who have not received a CERB payment and don’t know what it is, the CERB benefit is a $2,000 a month...
Two of the most important functions for any business are accounting and bookkeeping. Both accounting and bookkeeping are designed to work with financial data and generate reports pertaining to financial transactions. While these two functions are somewhat similar, there are many differences between the terms...
There are a wide array of expenses that you can write off on your business taxes, many of which you probably unaware of. If you own a small business in Ontario, you likely have a strict budget that you’re attempting to stay under while also...
Before filing your taxes in any given year, you’ll want to be aware of your options and limitations. This document provides a clear guideline and answers the common questions that people who are ready to file their taxes are asking. What Is the Due Date...
The year 2020 is hours away so read on to find out what’s changing for taxes and benefits by revenue Canada for the new year. Our goal is not only to provide you with professional taxation and bookkeeping services, but also to get you prepared...
If you have not hired an accountant to file your taxes, it can be quite challenging to get them done right, but we are here to help you. We’ve put together a complete income tax return checklist for 2020 that you can reference which will...
