Mistake #1 You withdraw money from and make a contribution to your TFSA in the same year without regard to your TFSA Limit. For example, assume that you always contribute the maximum annual amount of $5,500 to your TFSA and you have no contribution room carried-forward from a previous year. If you contribute $5,500 to … Continue reading What are some of the common mistakes investors make with TFSAs?
Absolutely. As a student, you must file a return if any of the following situation is applicable to you: you have to pay taxes for the year you have not repaid all amounts withdrawn from your RRSP under the Lifelong Learning Plan You have to contribute to the Canada Pension Plan (CPP) You received Working … Continue reading Do university students have to file income tax return?
If you e-filed your personal tax return, you don’t need to send CRA all your documentation, receipts or any slips. However, according to CRA, you MUST keep all these receipts for SIX YEARS in case they are being requested. In case that happens, you would have to mail the requested slips to the CRA.
Business accounting services can be defined as “tools that enable you to make effective management decisions for a business”. To elaborate, business accounting services include (but are not limited to): Financial Statement Preparation Bookkeeping Tax return preparation Tax planning You Need Business Accounting Services in Mississauga Every business in Mississauga, whether large or small, … Continue reading What are business accounting services?
Yes, we prepare corporate tax returns for companies in Mississauga, Toronto and elsewhere in Canada. Our fees are very reasonable for Corporate Tax Return Preparation in Mississauga and Toronto and we’re confident that you’ll be pleased with our attention to detail and efficiency. Experience Matters Our team of Corporate Tax Return Preparers in Mississauga has … Continue reading Do you prepare corporate tax returns in Toronto and Mississauga?
Yes, inadequate business accounting services can cause your business to fail, which is a very scary thought. Below, I have listed four examples of poor business accounting services, which could cause your Toronto company to fail. 1. Weak internal controls Internal controls are policies and procedures that are designed to promote efficiencies in business operations, … Continue reading Can inadequate business accounting services cause my business to fail?