What to Know Before Incorporating, Part 2 What is Section 85? Section 85 of the Income Tax Act (ITA) allows an entity to provide assets Continue reading
Jonathan Carter, CPA, CMA, CPB
RRSPs Aren’t for Everyone
At this time of year, we see a lot of promotion of RRSPs from financial institutions and financial planners. They make money from any sort Continue reading
National Bookkeeping Week
This year, Certified Professional Bookkeepers of Canada (CPB Canada) launched the first-ever National Bookkeeping Week. It’s important to recognize the professionals who have a significant Continue reading
Thank you (CPB award)/ year in review
In September 2023, several KATA team members had the pleasure of attending CPB Ignite in Toronto, Canada. CPB Canada is the Certified Professional Bookkeepers of Continue reading
2023 T1 Personal Tax Return FAQ
What is the Tax-Free First Home Savings Account? The Tax-Free First Home Savings Account (FHSA) is a registered savings account that became available on April Continue reading
Why Short-Term Rental Expenses May Be Denied
Key Items to Watch None of the measures mentioned in the 2023 Fall Economic Statement have received Royal Assent. They are not factual until they Continue reading
Preparing your Business for Year-end
“By failing to prepare, you are preparing to fail” Benjamin Franklin What kind of year-end service do you need? Understanding the type of year-end engagement Continue reading
How to pay more for bookkeeping services (final part)
In part one of our satirical look at how to pay more for bookkeeping services, we looked at the danger of not giving your bookkeeper Continue reading
How to pay more for bookkeeping services (part 4)
Accurate bookkeepers understand the bookkeeping cycle and how bookkeeping works. They know how taxes and deadlines can make or break a business and the impact Continue reading
How to pay more for bookkeeping services (part 3)
We hear this all the time: “But my buddy buys a new truck every year! My friend says I can write off my pet food!” Don’t listen to non-professionals when it comes to your personal finances. Often, people will misinterpret or flat-out take inappropriate deductions. Just because someone else is unethical does not make it okay for you to do so.