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Articles & Publications
Budget 2021: What’s missing?
Budget 2021: What’s missing? The Liberal government has laid out billions in fresh spending after over two years without a federal budget — and while many of the government’s recent pledges graced its pages, others were notably absent. It’s possible some policies were...
2021 Canadian Federal Budget – Tax Initiatives
On April 19, 2021, Deputy Prime Minister and Finance Minister Chrystia Freeland tabled in the House of Commons the Liberal Government’s first federal budget in more than two years, A Recovery Plan for Jobs, Growth, and Resilience (Budget 2021). Budget 2021 contains...
What Do I Need to Open a Business Bank Account?
What Do I Need to Open a Business Bank Account? Business bank accounts help your business appear more professional to the CRA and your customers. Here's a closer look at why you may want a business bank account and how to choose the best one. Each stage of building a...
The importance of Financial Reporting
The Importance of Financial Reporting Beyond the record creation process, accountants use the information gathered for analysis and interpretation. Accountants are usually concerned with understanding the meaning of the amounts they obtain, and they look for the...
CRA Emergency Payments: 2 Massive Changes Coming
The Canada Revenue Agency (CRA) launched the Canada Emergency Response Benefit (CERB) as the flagship COVID-19 program by the Canadian government in 2020. CERB became a lifeline for Canadians who lost income due to the pandemic. The program ended on September 27,...