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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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
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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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Championing service rights for taxpayers
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant , Tax return preparation services
Last year was a year unlike any other. The Canada Revenue Agency (CRA)’s capabilities were put to the test and…
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Will the TFSA limit rise in 2023?
- J.M.J. Accounting & Tax Services Inc.
Categories: Tax consultant , Tax return preparation services
The annual TFSA contribution limit is expected to increase to $6,500 in 2023 from $6,000 in 2022, says Daniel Laverdière, senior…
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Tax moves to watch as Parliament returns
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant
The results of this year’s federal election may have mirrored those from 2019, but special consideration may be required when…
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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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The CRB has ended. Here’s how it may impact Canadians’ taxes
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant , Tax return preparation services
The Canada Recovery Benefit, which replaced the Canada Emergency Response Benefit (CERB) for self-employed Canadians, has ended. But for the hundreds of thousands…
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TFSA limit for 2022 released
- J.M.J. Accounting & Tax Services Inc.
Categories: Tax consultant
The TFSA contribution limit for 2022 has been officially released. That limit is $6,000, matching the amount set from 2019 to…
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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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Tax Filing: 3 Quick Tips From the Canada Revenue Agency
- J.M.J. Accounting & Tax Services Inc.
Categories: Tax consultant , Tax return preparation services
April is almost over. And you know what that means: it’s time to file your taxes! If you don’t get your…
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CRA tax tips for the self-employed
- J.M.J. Accounting & Tax Services Inc.
Categories: Tax consultant
In a release on Wednesday, the Canada Revenue Agency (CRA) offered tax tips for the self-employed who received Covid-19 benefits. Read More Original Article Source…
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Pattie Lovett-Reid: Don't even think about trying to outsmart Canada Revenue Agency
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant , Tax return preparation services
As the April 30 tax filing deadline rapidly approaches, it isn't wise to think you can outsmart the Canada Revenue Agency. They…
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