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Articles & Publications
What Is Bookkeeping?
To understand the financial health of your business, you need to have precise bookkeeping. Bookkeeping involves verifying receipts, depositing payments into a bank account, and keeping clear records so that all financial information is easily accessible when needed....
Changes to RRSP and CPP in 2021
The Canada Revenue Agency (CRA) has made annual announcements about the nation’s retirement programs. Namely, the Canada Pension Plan (CPP) and the Registered Retirement Savings Plan (RRSP) are being updated as we enter the new year. Here are the changes you need to...
CRA Collection Letters for CERB Ineligibility & Repayment
The Canada Revenue Agency has begun issuing formal collection letters for CERB repayment to recipients who may or may not have been eligible for the payments they received. You may have received a letter from CRA regarding CERB payments to be paid back along with one...
TFSA limit for 2021 released
The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020. With this TFSA dollar limit announcement, the total contribution room available in 2021 for someone who has never contributed and has...
CERB has ended, here is what to know about your benefits
After providing millions of Canadians with financial relief since the beginning of the pandemic, the Canada Emergency Response Benefit (CERB) will be coming to an end on Saturday and recipients will be forced to transition to a recently updated Employment Insurance...