Well, it’s tax season again and many Canadians are discovering that there’s yet another reason to hate COVID-19: making our taxes more complicated this year. Read More Original Article Source Credits: Greedyrates. , https://www.greedyrates.ca/ Article Written By: Sandra MacGregor Original Article Posted on: March 26, 2021 Link to Original Article: https://www.greedyrates.ca/blog/is-the-cerb-taxable/
Are you thinking of filing your own tax return for 2020? You’ve come to the right place. For the vast majority of Canadians, the deadline to file your income tax return for 2020 is April 30, 2021 but that doesn’t mean you can’t start planning now. In fact, if you want to maximize your tax refund
Get ready for a complex tax season. Aside from the challenge of filing taxes during a pandemic, Canadians face a basic T1 Income Tax and Benefit Return form with various Schedules totalling more than 40 pages for the 2020 taxation year. Although that makes the task more arduous for financial professionals, it can lead to
When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation, and food are usually top of mind. While all those expenses certainly matter, something else you should keep a watchful eye on is income tax. It’s the single biggest expense for most Canadian families. Read More Original Article Source Credits: Greedyrates , https://www.greedyrates.ca/ Article Written
Bookkeeping is the process of keeping accurate records of company spending and revenue. Some small business owners decide to do their own bookkeeping to save on costs while others prefer to hire a trained accountant. Aside from making filing corporate taxes easier, there are advantages to doing accurate bookkeeping that every business owner should understand. Read
Discover some of the most common and costly bookkeeping errors small businesses often make, and learn different ways you can avoid or prevent them. Running a small business means operating on a smaller budget, and that makes proper bookkeeping critical in preventing and ending unnecessary financial expenditures and losses. Keep an eye out for these costly
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