Apr 3, 2020 | Chartered Accountants Toronto, Small Business Accountant, Toronto Chartered Accountant
On April 2, 2020, the Finance Minister announced various updates on the measures the Canadian government is taking to support individuals and businesses. These new measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will now... 
Mar 19, 2020 | Chartered Accountants, Chartered Accountants Toronto, Small Business Accountant, Toronto Chartered Accountant
On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion... 
Nov 16, 2018 | Small Business Accounting, Tax Advisory, Toronto Chartered Accountant
Many small business owners are unfamiliar with the tax changes taking place in 2018, especially the changes related to the refundable dividend tax on hand (RDTOH). What is RDTOH? RDTOH is a tax mechanism used under the Canadian tax system that is built on the concept... 
Apr 24, 2017 | Small Business Accountant, Toronto Chartered Accountant
An end of the year assessment is important for any company. It is the best way to give you an accurate and updated picture of your company’s finances. There are three types of end of year engagements: audit, compilation, and review engagement. Each differs in terms of... 
Apr 17, 2017 | Small Business Accounting, Toronto Chartered Accountant
Tax season is upon us and that means that everyone is focused on gathering their financial data. Filing taxes can be stressful, but the thought of a financial audit by the Canadian Revenue Agency (CRA) can be worse – mostly due to the myths about them out there.... 
Mar 30, 2017 | Toronto Chartered Accountant
Everyone’s worse nightmare is to get audited by the Canada Revenue Agency (CRA). There are multiple reasons why you may have been chosen for either a personal or business audit. However, the best thing to do when you are hit with an audit is to comply, be honest, and... 