Written by: Suzanne Cody CPA, CGA Senior Partner When you need equipment you don’t necessarily have to buy it, you have options. You could lease it instead. Leasing is often a good alternative to applying for a loan. Equipment financing is designed specifically for the purchase of business equipment. There are three main options for … Read more
Written by: Gwyneth James MBA CPA, CGA Senior Partner The Peterborough Chamber of Commerce is a non-profit, membership-driven association that advocates on behalf of the Peterborough business community. Members of Chambers across Ontario, including yours truly, loudly and firmly stated their displeasure with one aspect of their government’s Bill 148 which introduced several updates to … Read more
Through tax season, we’ve extended our office hours. Until April 30th our office hours are; Monday to Friday 9am-5pm Saturday 9am-3pm We can also be available for evening appointments as required. Please call our office to confirm availability.
The latest edition of The Accounting Zone is now available. Click here to read our current newsletter publication. To subscribe to our newsletter, click here.
Written by: Gwyneth James MBA CPA, CGA Senior Partner Starting with the personal tax returns filed for 2016, individuals who sold their principal residence had to report that sale on their tax return on Schedule 3 – Capital Gains (or Losses) for the Year. The principal residence exception eliminates any capital gains from the sale … Read more
Written by; Suzanne Cody CPA, CGA When you earn income from renting a property it can affect many things from a tax perspective. It is important that you are aware of these effects so that you are not surprised when it comes time to file your taxes. The income from renting personal property can be … Read more
Written by: Gwyneth James MBA CPA, CGA The Tax Free Saving Account (TFSA) has been around now for ten years and is pretty popular with good reason – everyone should have one. There is no tax deduction for contributions to a TFSA. The ‘tax free’ relates to any investment earned by the TFSA. It is … Read more
Written by; Suzanne Cody CPA, CGA, Senior Partner Just exactly what are financial ratios? In business, they are a measure of a company’s financial and operating performance. They are used to demonstrate the value of the business. They can be used to compare a business to other businesses in both similar and different industries as … Read more
Written by: Pam Hammett, Bookkeeper and Payroll Specialist As responsible business owners, you have an obligation to remit your business taxes, whether it be income taxes, HST, or withholdings of employee Source Deductions to Canada Revenue Agency (CRA). This article will cover not only the importance of correctly deducting Payroll Source Deductions; but of remitting … Read more
In partnership with the Chartered Professional Accountants of Canada’s (CPA Canada) financial literacy program, we are very pleased to be presenting a special clinic to help improve the financial literacy of the Peterborough business community. We will be hosting a 60-minute session titled Understanding Financial Statements. This is a basic session explaining the terms … Read more