We are excited to announce a new chapter for the Cody & James CPAs team! On October 16th we will be joining Ascend LLP, Chartered Professional Accountants, a partnership of small to mid-sized accounting firms across Canada. Our entire team will be moving to Ascend’s Peterborough office at 2015 Fisher Drive, 2nd floor. Our phones … Read more
You may have heard about a new tax and filing requirement for owners of residential properties and are wondering if it impacts you. The answer for the vast majority of you is No. If you are a regular Canadian homeowner living in your primary residence, you are excluded from this tax and filing. For everyone … Read more
An employee who makes tips (aka gratuities) as part of their income is obligated to declare that income on their personal tax return.
Written by Gwyneth James MBA CPA Okay, I know…accounting is the farthest thing from your mind right now, but hear me out. There are just a few items that you need to take care of while you sip your glass of eggnog. If you have a vehicle you use for business or employment, don’t forget … Read more
We are pleased to announce that today we presented a $3,500 cheque to Peterborough’s Brock Mission Homeless Shelter. The cheque represents the result of a September fundraising event held for the Brock Mission where our firm accepted over 1,400 gallons of shredding material from the community in exchange for a donation to the Brock Mission. … Read more
“When businesses work together, great things happen.” Indeed!
Do you have piles of paper collecting in your home or office that you’ve been meaning to deal with? Sensitive information that you don’t want in the trash and should be properly shredded? Well now is the time! Throughout the month of September, bring your boxes and piles of documents to be shredded into our … Read more
Originally posted September 11, 2019 – Updated August 22, 2022 Do I need to keep records when I have hired an accounting service? According to the law, you must retain and protect any records related to your personal or business tax returns even if you hired Cody & James, or another third party to prepare … Read more
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 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