The 2022 federal budget was presented in Ottawa on April 7, unveiling billions in spending with the Liberals focusing on…
-
The odds and ends you may have missed in 2022 budget
- 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
Click Here To Read The Full Article
-
What you need to know this tax season, and how to plan for the next one
- 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
If you haven't filed your tax return yet, this Easter weekend might be time to check that off your to-do list. Canadians…
Click Here To Read The Full Article
-
Income tax returns for 2021: what you need to know
- 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
The Canada Revenue Agency highlights new or adjusted credits and deductions. With the tax season upon us, the Canada Revenue Agency has highlighted what’s…
Click Here To Read The Full Article
-
How much should I have in my RRSP?
- 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
Not sure if you’re on track for retirement? We outline how much you should aim to have socked away based…
Click Here To Read The Full Article
-
Are fees for your TFSA tax deductible?
- 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
From HST to advisory fees, are the charges for a TFSA tax deductible? What is the savviest way to pay…
Click Here To Read The Full Article
-
Tax Tips for Small Employers
- 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
As a small business owner, you can literally live and die by your taxes. The taxes you pay on income…
Click Here To Read The Full Article
-
Automatic tax-filing: Why some experts believe the CRA should file taxes for us
- 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
Filing taxes can be a stressful and time-consuming endeavour. But while the federal government pledged a year and a half…
Click Here To Read The Full Article
-
Are you up to date on the latest tax changes?
- 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
Every year brings its share of tax updates and 2021 was no different. Here are some of the main administrative…
Click Here To Read The Full Article
-
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
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article
-
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…
Click Here To Read The Full Article