Article

The Importance of Naming Beneficiaries

A number of clients have recently needed an explanation on the difference between beneficiaries named in a Will and beneficiaries named to a particular investment. When an individual dies, the value of all assets held on the date of death are subject to a Provincial “Estate Administration Tax” (usually called Probate tax) except those that … Read more

Don’t Miss the 2019 Tax Changes!

Country road caution sign reading CHANGE AHEAD!

Written by Gwyneth James MBA CPA, CGA  Senior Partner If you have been a little busy lately managing work, kids, or other responsibilities you may have missed a few changes to tax- and employment-related rates for 2019. Here’s a quick recap: The maximum rate per kilometer that an employee or shareholder is allowed to claim … Read more

Giving Employees Holiday Bonuses

Silver wrapping paper, box, gold bow

Written by:  Gwyneth James MBA, CPA, CGA Holiday Bonuses! Don’t give out bonuses to your employees before reading this! At this time of year, you may be wondering about the rules for giving your employees bonuses and gifts for Christmas or year-end.  The CRA has specific rules about giving employees gifts and bonuses that determine … Read more

Joining Forces with a National Accounting Organization!

Media Release – September 5, 2018 Business partners Suzanne Cody and Gwyneth James are pleased to announce that they have joined Porter Hétu International, a Canadian-based organization of accounting firms. Cody & James CPAs, a local firm that provides full-service accounting for small to medium-sized businesses, will now be able to provide assurance engagements (reviews … Read more

Have You Set Up Your Shares?

Written by:  Suzanne Cody CPA, CGA  Senior Partner Have you set up your shares? One of the most important things you need to do when creating a new corporation, in addition to preparing Articles of Incorporation, is to set up share classes. Do you really own your corporation? Unless it is restricted by its articles, … Read more

Should You Or Shouldn’t You? Equipment Financing Options

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

Advocacy & Bill 148

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

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