Canada’s COVID-19 Economic Response Plan – Key Points for Businesses and Individuals

Information from our Canadian government is rapidly changing.  As it does, we will do our part to keep you informed on what we know and what is certain. This newsletter summarizes selected government comments up to April 6, 2020.  This chart summarizes all COVID-related Governmental programs for individuals and small businesses.  Last updated April 16, … Read more

COVID-19 Office Hours and Procedures

During these unprecedented times, we will be employing unique measures to ensure we maintain a safe environment for our clients and our staff.   We are all responsible to limit the spread of COVID-19 in our communities and we are doing our part while balancing the accounting needs of our clients. We are still open!  #weloveyoubut … 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

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

Stay Compliant with CRA’s Payroll Deductions and Remittances

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

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