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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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
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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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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…
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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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