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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Championing service rights for taxpayers
- J.M.J. Accounting & Tax Services Inc.
Categories: Personal tax return services , Tax consultant , Tax return preparation services
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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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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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