The Department of Finance released long-awaited draft legislation Friday concerning proposed changes to trust reporting rules and to the taxation of ETFs.The draft legislation…
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Feds release draft legislation on trust reporting, ETF taxation
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
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When should Canadian crypto owners watch out for the taxman?
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
With tax filing season just around the corner – tax returns can be filed from February 28 all the way…
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Finance raises auto deduction rates
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Two deduction limits haven’t been raised since the early 2000s Automobile deduction limits for businesses have been raised for 2022 in…
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The tax figures and changes you need to know for 2022
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax return preparation services
A new year brings a new set of tax numbers, and here are the important figures you need to know…
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Small Business Bookkeeping Tips
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Keeping accurate financial records is essential for small business success. Bookkeeping involves more than tracking the money coming in and…
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Liberal tax promise tracker, updated
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Here’s the status of proposals that matter to your clients The government’s fall economic statement and the Prime Minister’s mandate letters…
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Accounts That Make Up a Trial Balance
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant
A trial balance is a two-faceted accounting data summary that displays two columns -- debits and credits -- both of…
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CRA Allowable Business Expenses for Canadian Businesses
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant , Tax consultant , Tax return preparation services
This is a general list of deductible business expenses according to the CRA (Canada Revenue Agency) for Canadian small businesses. Click on…
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Two tax forms are not better than one
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant , Tax consultant
On May 15, 2021, my life and the lives of all accountants and business owners in Ontario changed forever —…
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Healthy eating during the COVID-19 pandemic
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
You can eat a variety of healthy foods every day to feel good and maintain your health, even during the…
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RRSP rollover into an RDSP can provide tax savings
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Helping families plan with an RDSP gives advisors a broad topic of conversation with clients. Transferring an RRSP or a registered…
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5 expert tips for managing money as a first-year student
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Use these practical pointers to develop smart spending and savings habits when attending university. Going to university for the first time…
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Pandemic creates cross-border employment and tax riddle
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Help this U.S.-based couple who moved to Canada to care for an elderly parent. When Roger Ly’s* 83-year-old mother had hip…
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You've just learned CRA intends to review your tax return. Now what?
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
By educating yourself on the process and making sure you have all your important records on hand, you can save…
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Everything you need to know about claiming COVID-19 costs on your taxes
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Ontario , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Non-medical masks don't qualify for the medical expense tax credit, the CRA has said. The Canada Revenue Agency this week issued…
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Canada Revenue Agency: Is the CRB Extension Coming in June?
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant , Tax consultant
As June approaches, Canadians are getting anxious over whether the Canada Recovery Benefit (CRB) extension is coming. In its most…
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Government to reimburse self-employed workers who repaid CERB
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant
Self-employed workers who voluntarily repaid pandemic-related benefits can now apply to be reimbursed. In February, the government of Canada announced that self-employed workers…
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Canada Revenue Agency: Big Changes Coming to the Canada Child Benefit in 2021
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant
Raising kids is no easy task, and the pandemic made it more difficult. The frequent lockdowns have forced the closure…
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Canada Revenue Agency: Is the Tax Deadline Delayed for 2021?
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant , Tax consultant , Tax return preparation services
COVID-19 brought sudden economic disruptions in 2020 and prompted the Canada Revenue Agency (CRA) to issue tax alerts. The early…
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CRA 2021 Update: CPP Pension Is Rising!
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Canada is a fantastic place to live as a senior citizen. The government has made remarkable efforts to create pension…
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