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e-Newsletter – January 2018
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Articles & Publications
New Goods and Services/Harmonized Sales Tax Rules
This article intends to illustrate how the new proposed Goods and Services/Harmonized Sales Tax (GST/HST) rules are to apply to the sale of goods made on July 1, 2021, or later, by a retailer that is a non-resident of Canada and not registered for GST/HST purposes,...
When withdrawing funds early from your RRSP makes sense
Most Canadians spend their working lives socking away as much money as they can in their registered retirement savings plans (RRSPs) — often feeling guilty if they’re not maxing out the contribution limits set by the federal government. Once retirement rolls around,...
Understanding the CRA Notice of Assessment
Understanding the CRA Notice of Assessment How to object if you think the CRA is wrong Most of us have received our Notice of Assessment from the CRA for our 2020 tax returns. Mostly it is pretty much as you expected – a refund or no balance owing. But sometimes, the...
A Guide to Bank Reconciliations
One of the most overlooked steps in the accounting process is completing a bank reconciliation. We'll take you step-by-step through the process of completing bank reconciliations for your business. In this day of electronic banking, many people believe completing a...
How to Use Excel for Small Business Accounting
Microsoft Excel can make simple accounting tasks more accessible. Explore the features and benefits of using Excel for small business accounting. Accountants are known for wearing pocket protectors and spending their days working in Microsoft Excel. I can vouch for...