“[Accountants are] very scared their clients are going to be subject to penalties, and they’re very scared that their clients are going to hold them responsible for not getting their information done in time,” Woolley said. “And I think that’s why so many accounts are really really concerned and and and you know it, causing a lot of mental stress and anguish for them.”
This page provides information (including a table of penalties and frequently asked questions) about penalties for late or improperly filed forms and information returns.
The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.
Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll breakContinue reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”
When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operatingContinue reading “Should you incorporate your small business?”
General Information: (Updated 7/21/2020) Most updated interactive guide(s) to programs available: https://www.cfib-fcei.ca/en/covid-19-frequently-asked-questions https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry GeneralContinue reading “COVID19 Resources – Personal & Business (Updated 07/21/2020)”
We spend a lot of time talking about how couples, families and businesses can protect their financial futures with lifeContinue reading “Life Insurance for a Family of One”
Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view ofContinue reading “Accounting Outsourcing: The Nitty-Gritty that you need to know”
When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top ofContinue reading “2020 Personal Income Tax Changes You Need To Know”
Did you make a New Year’s Resolution this year? Why not ditch the resolutions this year and make some smartContinue reading “Stop Thinking Of Your Goals As Resolutions”