Tories also propose enhancing existing tax credit for low-income earners The Ontario government proposed a new refundable tax credit to help…
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Ontario proposes new tax credit for seniors
- 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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How are you taxed when you sell a small business?
- 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
How do you report the income from the sale of a small business? What are the tax implications? And what…
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Self-employed? Here's how to file taxes for a side hustle
- 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 what newly self-employed Canadians need to know about income tax deadlines, side-hustle tax deductions and more. During the pandemic, many…
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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
The 2022 federal budget was presented in Ottawa on April 7, unveiling billions in spending with the Liberals focusing on…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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
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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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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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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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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