The Section 85 Rollover
What to Know Before Incorporating, Part 2 What is Section 85? Section 85 of the Income Tax Act (ITA) allows an…
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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…
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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…
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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…
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2024 T1 Personal Tax Return FAQ
This is a republish of our T1 FAQ from 2024 with updated information for 2025. What is the Tax-Free First Home…
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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…
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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…
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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…
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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…
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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.
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