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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Tax moves to watch as Parliament returns
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant
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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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Four of the Most Costly Bookkeeping Errors for Small Businesses
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services
Discover some of the most common and costly bookkeeping errors small businesses often make, and learn different ways you can…
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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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Checklist for Small Businesses
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services
This checklist is for people like you who are starting a business. Using the links below, you can get information…
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CRA says it had 'two to three times' as many people calling with tax queries in 2021 tax season
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Payroll services
The Canada Revenue Agency has processed 18.6 million individual tax returns so far during the 2021 tax season, with 12.2…
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Retirees: 3 Ways to Avoid the Painful 15% OAS Clawback
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Payroll services
Canadian retirees will lock horns again with the Canada Revenue Agency (CRA) over the recovery tax in the 2021 tax…
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The Three Cardinal Rules of Bookkeeping
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services
If you're considering a career as a bookkeeper, understand the primary responsibilities associated with this position. Managers and business owners…
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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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