Bookkeeping vs Accounting & Your Business What is the difference in bookkeeping vs accounting? When it comes to finances, your business may need an accountant or a bookkeeper depending on the needs of the organization. Bookkeeping A bookkeper records day-to-day financial transactions for the business. They are generally paid less than accountants and don’t need […]
Category Archives: Business
How Maternity and Parental Benefits Work In Canada, maternity and parental benefits are processed through EI or Employment Insurance. They provide financial assistance to new parents that meet the following criteria: Those who are leaving their work because of pregnancy or giving birth. They are a parent who are away from work to take care […]
Breaking Down Canada’s Tax Brackets When going through tax planning for the year, it is important to understand Canada’s Tax Brackets so you are able to budget accurately. Keep in mind that your income tax considers income from all sources that are taxable. Once you know what your total income is, it is time to […]
The Canada Child Benefit and Eligibility The Canada Child Benefit or CCB is a non-taxable amount that is paid monthly for families with children under the age of 18. On top of that, there is a Child Disability Benefit which you may be eligible for. When you apply for the Canada Child Benefit, your children […]
Filing an Appeal to the Tax Court of Canada If in the case that an income tax or GST dispute needs to be resolved, first send a notice of objection to the Canada Revenue Agency (CRA). They will review the notice and attempt to resolve it with a reassessment, confirmation or redetermination. At this point, […]