News
Business ArticlesWarning: Watch out for TFSA maximizer schemes
The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free...
Warning: Watch out for tax shelter gifting schemes
The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax shelter gifting arrangement schemes. Promoters, including some representatives, tax preparers and investment professionals, are encouraging their clients to participate in gifting...
The CRA is now accepting grant applications from organizations that host free tax clinics
From May 1 until June 30, 2021, the Canada Revenue Agency (CRA) will accept grant applications from community organizations that offered free tax clinics in 2021 through the Community Volunteer Income Tax Program (CVITP) and the Income Tax Assistance – Volunteer...
Join us April 26
The Canadian Payroll Association is hosting a special three-hour webinar this April. Diversity, Equity and Inclusion in the Workplace is designed to help organizations and employees learn the skills and behaviours that will foster an inclusive culture. After...
Getting Familiar with Month End Reports
Bookkeeping is cyclical. Year in and year out, the cycle is continual and this is why the responsibility placed on bookkeepers and accountants is so important. Just as every business has its fiscal year and quarterly reports, the numbers team has its own reporting to...
Creating an Audit Trail
By Adam Bajan If you remember anything from the 1996 film ‘Jerry Maguire’ it’s probably the infamous Cuba Gooding “Show me the money!” line. The line might just as easily have been said about bookkeeping because keeping an accurate financial trail of transactions is a...
Bookkeeping & Accounting: More Different Than You Think
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
Technology & Bookkeeping: How Up to Date Do You Need to Be?
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
So You Want to be a Bookkeeper?
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
Current Bookkeeping News
In a survey, TD Bank asked 508 small-business owners what they loved about owning their own business. Nearly all of the respondents -- 96 percent -- said they loved having flexibility and a feeling of control. They loved spending time with their customers and serving...