Written by: Gwyneth James MBA CPA, CGA It’s an occupational hazard to be curious about the impact of highly-publicized tax changes so I did a little research this past week on the new Canada Child Benefit (CCB). Families will receive a monthly fixed amount per child that will decrease as their family income increases above … Read more
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Announced today, Gwyneth James MBA CPA, CGA and Senior Partner of Cody & James Chartered Professional Accountants is named the Peterborough and District United Way’s Community Campaign Chair. Peterborough Examiner Article As a recognized community leader, we are excited and proud that Gwyneth will be so deeply involved in a community campaign that touches so … Read more
By Gwyneth James MBA CPA CGA, Senior Partner When you are employed by an organization that requires you to use your car to do your job or needs you to provide your own tools, our tax system allows a deduction for those expenses from your taxable income. However, your employer must provide you with a … Read more
By Gwyneth James MBA CPA CGA Last post addressed when to notify the government of a change in marital status and touched on why it’s important. This month I’ll explain the pros and cons of being a couple…from the tax point-of-view only! Remember that gender is irrelevant as is the distinction between married and common-law. When … Read more
By Gwyneth James MBA CPA CGA, Senior Partner Cody & James CPAs A change in marital status can have a huge impact on your taxes and on other benefits you receive. If you neglect to inform the government of a change, there may be back-dated adjustments that you weren’t expecting. In the excitement of a … Read more
I have coined a new word which I introduced in a speech to the Women’s Business Network a few years ago: The “Anti-Preneur” This is a person who thinks they are an entrepreneur, but in fact they are exactly the opposite. Much is written about the skill set needed by an entrepreneur, but clearly the … Read more
Many Canadians have taken advantage of the Tax-Free Savings Accounts (TFSA) since their advent in 2009, but as a quick recap: they don’t reduce your taxable income when you invest in them; only the income earned on these investments is sheltered from tax. As a result, withdrawals from a TFSA are not taxable; they are … Read more
We are settling into our brand new office nicely and look forward to hosting you soon. You will now find us at: 260 Milroy Dr, Unit #1 Peterborough, ON K9H 7M9 Our telephone number and email addresses remain the same. We have also made a small change to our name. We are now: Cody & … Read more
As most people know, the deadline to make an RRSP contribution that you can apply against your 2014 taxable income is March 1st, but you shouldn’t leave it until then to decide on this important savings strategy. In fact, depending on your financial situation, an RRSP may not even be the best savings vehicle. Contributing … Read more