Youth MLB Jerseys Red Bottom Shoes New Nike NFL Jerseys All 32 Teams Cheap NFL Jerseys China Cheap Jerseys Online Custom Team Hockey Jerseys Wholesale NFL Jerseys UGG Boots Cheap UGG Boots NFL Jerseys Cheap Big And Tall Personalized Baseball Jerseys Studded Michael Kors Crossbody Gucci Handbags Outlet Coach Outlet Dallas Cheap Oakley Sunglasses Chanel Handbags Louis Vuitton Outlet Online Wholesale Jerseys MLB Baseball Jerseys Coach Rings Outlet Chanel Outlet Gucci Outlet Stores Bene Benwikere Kids Jersey Michael Kors Outlet Come Riconoscere Una Borsa Falsa Gucci Cheap NFL Jerseys Sewn Numbers Oakley Sunglasses Kate Spade Purses Outlet Cheap Jerseys

Author Archive

|

December Newsletter

Friday, December 18th, 2015

Our December 2015 newsletter is now available.  Click here to view:  HODGE PODGE DECEMBER 2015.

Posted in Accounting News, GST/HST News, Information for Charities and Not for Profits, Tax News Comments Off on December Newsletter

20 Questions – Building and Sustaining an Effective Board

Friday, November 27th, 2015

CPA Canada has a issued a publication on Building and Sustaining an Effective Board.  It contains valuable advice for both directors and shareholders.  It assists in establishing the right structure for a new board, sustaining an existing board with the proper mix of skills, leadership and culture and renews a mature board with the right succession plan.  The following is a link to getting your free downloadable copy of this publication.

Link: https://cpacanada.ca/en/business-and-accounting-resources/strategy-risk-and-governance/corporate-governance/publications/building-and-sustaining-an-effective-board

Posted in Accounting News, Information for Charities and Not for Profits Comments Off on 20 Questions – Building and Sustaining an Effective Board

CRA Payroll Webinars

Tuesday, October 20th, 2015

Are you new to payroll or would you like a refresher or payroll basics?  CRA is offering a free webinar series on payroll aimed at new employers.  Click here for more information or to register.

 

Posted in Accounting News, Information for Charities and Not for Profits, Tax News Comments Off on CRA Payroll Webinars

September 2015 Newsletter

Friday, October 2nd, 2015

Our September 2015 newsletter is now available!  Please click here to view the newsletter.

Posted in Accounting News, GST/HST News, Information for Charities and Not for Profits, Tax News Comments Off on September 2015 Newsletter

Increase in minimum wage effective October 1, 2015

Tuesday, September 8th, 2015

Reminder – Minimum Wage Increase October 1, 2015

On October 1, 2015 the minimum wage rates in Ontario increase as follows:

Minimum Wage Rate June 1, 2014 to September 30 2015 As of October 1, 2015
General Minimum Wage $11.00 per hour $11.25 per hour
Student Minimum Wage $10.30 per hour $10.55 per hour
Liquor Servers Minimum Wage $9.55 per hour $9.80 per hour
Homeworkers Wage $12.10 per hour $12.40 per hour

 

If your pay period spans October 1st you will have to calculate the hours worked prior to the increase separate from the hours worked after the increase and apply the new pay rate appropriately.

Posted in Accounting News Comments Off on Increase in minimum wage effective October 1, 2015

CRA News Release – TFSA Limit Increase

Friday, April 24th, 2015

Canadians can immediately take advantage of the proposed $10,000 Tax-Free Savings Account annual contribution limit

April 24, 2015 – Ottawa, Ontario – Canada Revenue Agency

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, and the Honourable Joe Oliver, Minister of Finance, are advising Canadians that the Canada Revenue Agency (CRA) is allowing individuals to immediately benefit from the proposed increase to the Tax-Free Savings Account (TFSA) annual contribution limit announced in Economic Action Plan 2015.

Economic Action Plan 2015 proposes to increase the TFSA annual contribution limit from $5,500 to $10,000, effective January 1, 2015. Canadians can immediately start contributing to their TFSA up to the proposed $10,000 annual contribution limit.

This proposed measure is subject to parliamentary approval. Consistent with its standard practice, the CRA is administering this measure on the basis of the Budget announcement. Financial institutions may immediately allow existing and new account holders to contribute up to the proposed maximum. The CRA will continue to work with financial institutions to ensure a smooth implementation of this new proposed measure.

The TFSA is a popular means of saving for Canadians at all income levels. Individuals with annual incomes of less than $80,000 accounted for more than 80 per cent of all TFSA holders and about 75 per cent of TFSA assets as of the end of 2013. About half of TFSA holders had annual incomes of less than $42,000.

Quick facts

  • TFSAs have proven to be popular. More than 10.7 million Canadians had opened a TFSA by the end of 2013.
  • The TFSA first became available in 2009. It allows Canadian residents, aged 18 or older and who have a valid social insurance number, to earn tax-free investment income throughout their lifetime.
  • Contributions to a TFSA are not deductible for income tax purposes, but investment income earned in a TFSA and withdrawals from it are tax-free.
  • The TFSA provides greater savings incentives for low-and modest-income individuals because, in addition to tax savings, neither the income earned in a TFSA nor withdrawals from it affect eligibility for federal income-tested benefits and credits, such as the Canada Child Tax Benefit, the Goods and Services Tax/Harmonized Sales Tax Credit, the Age Credit, and Old Age Security and Guaranteed Income Supplement benefits.
  • Canadians can track their annual TFSA contribution limit easily using the CRA’s My Account secure online self-service portal.
  • TFSAs are an important savings tool for Canadians. Budget 2015 clearly states 60 per cent of the individuals contributing the maximum amount to their TFSAs had incomes of less than $60,000 in 2013.
  • Forty-six per cent of individuals who have maxed out their TFSAs were seniors and over 70 per cent were aged 55 or over.

Click here for source article

Posted in Tax News Comments Off on CRA News Release – TFSA Limit Increase

February 2015 Newletter

Monday, February 23rd, 2015

Our Feburary 2015 newsletter is now available!  Click here the following link the view the newsletter: February 2015

Posted in Accounting News, GST/HST News, Information for Charities and Not for Profits, Tax News Comments Off on February 2015 Newletter

  • Our Services

  • Publications

  • Sign Up For Our Mailing List!
    Subscribe now and receive all the latest accounting news and updates!
    100% Privacy. We don't spam.
  • Categories


Youth MLB Jerseys Red Bottom Shoes New Nike NFL Jerseys All 32 Teams Cheap NFL Jerseys China Cheap Jerseys Online Custom Team Hockey Jerseys Wholesale NFL Jerseys UGG Boots Cheap UGG Boots NFL Jerseys Cheap Big And Tall Personalized Baseball Jerseys Studded Michael Kors Crossbody Gucci Handbags Outlet Coach Outlet Dallas Cheap Oakley Sunglasses Chanel Handbags Louis Vuitton Outlet Online Wholesale Jerseys MLB Baseball Jerseys Coach Rings Outlet Chanel Outlet Gucci Outlet Stores Bene Benwikere Kids Jersey Michael Kors Outlet Come Riconoscere Una Borsa Falsa Gucci Cheap NFL Jerseys Sewn Numbers Oakley Sunglasses Kate Spade Purses Outlet Cheap Jerseys