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
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
GICs, or Guaranteed Investment Certificates, were once very popular. Essentially a GIC is a loan you make to a financial institution for a fixed rate of interest for a fixed period time. With interest rates currently very low the GIC seems to have fallen out of favour but let’s give it a second chance. The … Read more
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
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
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
Cody & James CPAs Donates More than $1,000 to the YES Shelter Our fall shredding fundraiser was a win for everyone. The YES Shelter won because we raised over $1,100 to support youth and families. “YES works to reduce and prevent homelessness by providing shelter, education and transitional supports to youth and families in Peterborough and … Read more
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 your tax returns or provide other accounting services. During a … Read more
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
Once again this year, we’ll be participating, as an exhibitor a the Peterborough Chamber of Commerce Love Local Expo. This year, the expo will be on Wednesday October 3rd from 12pm to 7pm at the Envinrude Centre. Hope to see you there!