News

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

What is a Controller and Should I Hire Cody & James as Mine?

What is a financial controller? A financial controller is someone who oversees all accounting activities within a company. In the simplest of definitions, they are the lead accountant. Their role is to provide financial leadership and ensure accounting allocations are made and recorded. Typically, a financial controller will report to the chief financial officer (CFO); … Read more

Planning on Retirement? Here’s your Retirement Financial Primer

Retirement

The biggest change, once one retires, is the lifestyle change: what do you do when you used to go to work. This can be a hard adjustment. Another big change is in the area of finances and taxation and that is what we will look at here. Debt Debt is simply much more difficult to … Read more

IMPORTANT Updates for all our Payroll Clients

Today we announced some important updates for our payroll clients.  Click here for the full details. Included in the announcement: Minimum wage increase effective October 1, 2020 Extra reporting requirements related to pandemic programs (TWS & CEWS) Timing of payroll for our clients Employer responsibilities as it relates to TD1 forms Employment Standards Act poster … Read more

Here’s how your safety is protected

We’ve re-opened our office to the public, but you will notice some changes. Not unlike other businesses in our area, your experience when visiting us will be different, but these measures are in place to keep our staff and our clients safe. Just dropping documents off? You may come into the reception area (maximum 3 … Read more

Cody & James Chartered Professional Accountants