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
Written by: Suzanne Cody CPA, CGA As busy as you are when you are just getting things going, it is important to be mindful of Tax issues. There is a great deal of juggling going on with so many puzzle pieces to put together when setting up a newly formed corporation. If you want to … 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; 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
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.
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.
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 We all make mistakes, but we don’t all get a chance to fix them before it’s too late. What if you suddenly realize that you made a mistake on your tax return? The Canada Revenue Agency (CRA) has a method for taxpayers to correct a previous … Read more
Written by: Gwyneth James MBA CPA, CGA Senior Partner There are many examples in income tax where the interest paid on a loan can be deducted from taxable income: mortgage interest on a rental property, loan interest on a business line of credit, and credit card interest on business credit cards, to name a few. … Read more