Retirees in Canada receive a significant amount of retirement income through the Old Age Security (OAS). The maximum monthly payment…
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CRA to Retirees: 5 Ways to Avoid the 15% OAS Clawback
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Personal tax return services , Tax return preparation services
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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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Don’t let CRA tax interest relief tempt you into filing late, experts warn
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant , Tax return preparation services
Canadians who expect to owe tax for 2020 and are eligible for Ottawa’s recently announced one-year interest–free tax payment deferral should nevertheless file their returns by the April 30 deadline, tax practitioners say. Read More Original Article…
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Canada Revenue Agency: Big Changes Coming to the Canada Child Benefit in 2021
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant
Raising kids is no easy task, and the pandemic made it more difficult. The frequent lockdowns have forced the closure…
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Bookkeeping Benefits
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services
"Bookkeeping for Dummies" states that without bookkeeping, it's impossible to measure the true success or failure of your business dealings.…
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CRA Passive Income: How to Turn Your TFSA Into Tax-Free Cash Flow
- J.M.J. Accounting & Tax Services Inc.
Categories: Tax consultant
Many Canadians allocate some of the contribution room in their Tax-Free Savings Account (TFSA) to store emergency funds for a…
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Hate Taxes? Then You will Love This Little 2021 Tax Cut
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Personal tax return services , Tax consultant , Tax return preparation services
A tax cut, no matter how small, is an expensive gift to a burdened taxpayer. Canadian taxpayers will receive a little…
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Canada Revenue Agency: Is the Tax Deadline Delayed for 2021?
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant , Tax consultant , Tax return preparation services
COVID-19 brought sudden economic disruptions in 2020 and prompted the Canada Revenue Agency (CRA) to issue tax alerts. The early…
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CRA 2021 Update: CPP Pension Is Rising!
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Canada is a fantastic place to live as a senior citizen. The government has made remarkable efforts to create pension…
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Canada Revenue Agency opens applications for the Canada Emergency Rent Subsidy
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Professional Accountant , Tax consultant , Tax return preparation services
Canada’s COVID-19 Economic Response Plan has helped to support millions of Canadian workers and businesses throughout the pandemic. Through the…
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TFSA limit for 2021 released
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019…
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CRA warns 213,000 Canadians that they might have to pay back CERB overpayments
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Payroll services , Professional Accountant , Tax consultant
The Canada Revenue Agency says it's warning about 213,000 Canadians who may have been paid twice through the Canada Emergency Response…
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Canada Emergency Response Benefit (CERB) with CRA
- J.M.J. Accounting & Tax Services Inc.
Categories: Corporate tax return services , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The Canada Emergency Response Benefit (CERB) gives financial support to employed and self-employed Canadians who are directly affected by COVID-19. If…
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Feds score big with extra funding of CRAs business compliance programs
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The federal government has generated nearly six dollars in “fiscal impact” for every additional dollar of funding provided to the…
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Warning: Watch out for bad-debt tax schemes!
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services , Professional Accountant , Tax consultant
If a debt is owed to you (other than a debt under a mortgage or a debt resulting from a…
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What to know (and do) about the CRA breach and shutdown
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services , Professional Accountant , Tax consultant
The Canada Revenue Agency says it was forced to temporarily suspend its online services after a series of cyberattacks that compromised the usernames and…
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The Ultimate Small Business Accounting Checklist
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Personal tax return services , Tax consultant , Tax return preparation services
Managing finances doesn’t have to be the bane of your professional existence. Nor does it have to take you away…
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Income tax filling and payment deadlines
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The CRA is further extending the payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or…
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CRA extends tax payment deadline to Sept. 30
- J.M.J. Accounting & Tax Services Inc.
Categories: Bookkeeping services , Corporate tax return services , London , Payroll services , Personal tax return services , Professional Accountant , Tax consultant , Tax return preparation services
The Canada Revenue Agency (CRA) is extending the payment due date for current-year individual, corporate and trust income tax returns…
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Corporation income tax return
- 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
All resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a corporation income tax (T2) return every…
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