Category: Accounting

New Features: QuickBooks Online Q2

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New features in QuickBooks online: Everything you need to know about our latest features and updates.

CPP Annual Update – 2021

CPP contribution rates, maximums and exemptions 2021 Important notice! Changes to the rules for deducting Canada Pension Plan (CPP) contributions. Changes to the rules for deducting Canada Pension Plan (CPP) contributions In 2012, the rules for deducting CPP contributions changed. These changes do not affect the salary… Continue Reading “CPP Annual Update – 2021”

New 2020 T4 Updates – CRA

New 2020 T4 Reporting Requirements for All Employers The Canada Revenue Agency (CRA) announced new reporting requirements for all Canadian employers who issue T4 slips. In connection with the COVID-19 support programs launched in 2020, employers will have to submit more detailed T4 information,… Continue Reading “New 2020 T4 Updates – CRA”

Canada Emergency Wage Subsidy (CEWS)

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What the changes are: Calculation details for claim periods 11 to 13 are now available. January 2021 changes: Changes to CEWS as of January 6, 2021: details for claim periods 11 to 13 (December 20, 2020, to March 13, 2021): the maximum top-up subsidy… Continue Reading “Canada Emergency Wage Subsidy (CEWS)”

Small Business Tax Strategies – Reduce Income Tax (2020)

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”