Year: 2017

What Good Is A Loss?

Written By:  Suzanne Cody CPA, CGA As a business owner, you may face a loss from time to time but this does not mean that all is lost!  There are tax planning advantages which can help ease the stress that a year with poor financial performance brings. For tax purposes there are different types of … Read more

Bill 148 – More than Just Minimum Wage Increase

Written by; Gwyneth James MBA CPA, CGA Ontario Bill 148: Fair Workplaces, Better Jobs Act has received its second reading at Queen’s Park and appears set to be enacted on January 1, 2018. Bill 148 will amend portions of the Employment Standards Act (ESA) and the Labour Relations Act (LRA). With all the attention on … Read more

Tax Planning for Retirees

Written by:  Gwyneth James MBA CPA, CGA  Senior Partner Fall always feels like a time of new beginnings and some folks take time as the days cool to consider their year-end tax planning. Retirees should examine their year-to-date income and consider whether they should take more or less funds from their registered savings accounts (RRSPs … Read more

Must Know Tax Rules If You’re Heading South For the Winter

Written by Gwyneth James MBA CPA, CGA A client gleefully informed me this week that he’s off to Florida for the winter. I took a minute to check when he’ll be back. There are 3 reasons for this: (1) US taxes, (2) OHIP, and (3) Canadian resident status. The Canadian and US governments have improved … Read more

6 Success Factors For Running a Home Based Business

Written by Suzanne Cody CPA, CGA Are you thinking about starting or currently running a home based business?  The success of your business rests with several important aspects.  Some of the more important factors are defined and highlighted below. Target market – You need to know who your customers are.  The three main ways to … Read more

Why Should I Keep Good Records?

Written by:  Suzanne Cody CPA, CGA, Senior Partner We all know that anyone in business needs to keep records. Keeping good records is not always easy but is really quite important to your business. You need to keep good records to monitor the progress of your business. Records can show whether your business is improving, … Read more

Cody & James Chartered Professional Accountants