Cjcpa's articles Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses Is your business dealing with rental housing? If that’s the case, then Canada Budget 2024 has good news for you – There is an expansion to the EIFEL rules (Excessive Interest and Financing Expense Limitation). What does this mean? It implies that there will […] June 3, 2024June 3, 2024 Saving Bookmark this article Bookmarked Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones? Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones? We all, regardless of where we come from, have one thing in common: we all want to pay less taxes. For an informed discussion with a chartered professional accountant, we always look for such opportunities. Don’t we? Whether we are in […] May 9, 2024May 9, 2024 Saving Bookmark this article Bookmarked How can I register my business in Canada? How can I register my business in Canada? Have you been thinking about setting up your business for quite some time, but are a bit daunted with the business registration process in Canada? Finding how many types of business structures are there in Canada can certainly help you with choosing the right accounting services in […] May 6, 2024May 6, 2024 Saving Bookmark this article Bookmarked Maximizing Your Savings: Corporate Tax Deductions You Don’t Want to Miss for In Canada, it's tax season! Although it isn't exactly a happy time of year for many people, it may be a terrific time to save money if you know where to search for Corporate Tax filing Canada. While taxes have always been a complex issue that no income-earning individual or corporation can avoid, you […] May 2, 2024May 2, 2024 Saving Bookmark this article Bookmarked Get More for Your Money: Corporate Tax Deductions You Should Be Taking Advantage Of! As a business owner, you want to maximize your profits while limiting your expenses. One effective way to achieve this is by taking advantage of corporate tax deductions in Canada. Did you know that you could claim part deductions against some expense heads? Yes, an efficient Business Planning Solution Canada can help save on corporate […] April 29, 2024April 29, 2024 Saving Bookmark this article Bookmarked How can you pay less taxes in Canada as a business owner? How can you pay less taxes in Canada as a business owner? Knowledge is power when it comes to business taxes. Awareness of the right accounting services, taxation tips, and business practices can save you money in the long run. After serving the industry as chartered professional accountants for decades, we know what can work […] April 25, 2024April 25, 2024 Saving Bookmark this article Bookmarked Tax Hacks for Corporations: How to Legally Reduce Your Tax Burden Taxes trouble almost everyone except accountants, but they are an unavoidable reality of life. The rules are always changing, and the deck may be stacked against the honest taxpayer. Do you want to lower your tax bill? You, of course, do. If you're in a high tax bracket, you'll be relieved to know that there […] April 11, 2024April 11, 2024 Saving Bookmark this article Bookmarked Thinking Ahead: Strategies for Reducing Corporate Taxes and Boosting Your Bottom Line Take advantage of tax deductions One of the easiest ways to reduce your corporate taxes is by taking advantage of tax deductions. You can deduct expenses such as rent, salaries, utilities, and office supplies, among others. Make sure you keep track of all expenses throughout the year and ensure that they are legitimate business expenses. […] April 8, 2024April 8, 2024 Saving Bookmark this article Bookmarked Know What You Can Deduct Are you tired of feeling overwhelmed when it comes to claiming corporate tax deductions? Every dollar counts when it comes to running a business. That's why understanding corporate tax deductions is crucial for maximizing your profits and minimizing your tax liability. But with so many rules and regulations to navigate, it can be challenging to […] April 4, 2024April 4, 2024 Saving Bookmark this article Bookmarked Corporation vs. Sole Proprietorship: What is best for your business in Canada? https://cjcpa.ca/blog/corporation-vs-sole-proprietorship-what-is-best-for-your-business-in-canada/You might be a new entrepreneur or have been running your small business for quite some time. Whatever the case… deciding whether you should incorporate your business in Canada or stay as a sole proprietor can be difficult. After reading this blog, we suggest you discuss it further with a Chartered professional accountant. Of course, […] April 1, 2024April 1, 2024 Saving Bookmark this article Bookmarked Paying Taxes On Tips & Gratuities: Types, Methods Are you employed or self-employed and receive appreciation as tips and gratuities when working? While serving tables, giving a ride home, doing nails, cutting hair, or giving a service that impresses the customer, servers often receive a tip. Did you know that gratuities and tips in Canada are taxable? While filing a tax return, you, […] March 28, 2024March 28, 2024 Saving Bookmark this article Bookmarked The Imperative of Choosing the Right Accounting Software For effective financial administration in your organization, selecting the correct accounting software is crucial. It automates processes like billing, bookkeeping and financial reporting, which saves time and minimizes mistakes. Ultimately, selecting the best accounting software will improve your company’s overall financial management, planning, and growth potential. But before we proceed please understand that getting the […] March 21, 2024March 21, 2024 Saving Bookmark this article Bookmarked What is Fraud? Employee theft is part of internal fraud that ranges from mismanaged items to unethical accounting procedures or the loss of financial and material assets. The external causes of fraud are substantially broader. Fake invoices, faulty checks, or the use of stolen credit cards are all examples of external fraud. Tip: Check out the website […] March 18, 2024March 18, 2024 Saving Bookmark this article Bookmarked What Is The SR&ED Tax Credit? Scientific Research and Experimental Development (SR&ED) is a tax incentive provided by the government of Canada to businesses for conducting research and development (R&D) in Canada. SR&ED tax credit eligibility extends to all kinds of businesses operating in Canada and investing in R&D in Canada. If the R&D project has any of these features, it […] March 11, 2024March 11, 2024 Saving Bookmark this article Bookmarked How Can I Get A Government Backed Financing For My Small Business – CSBFP Looking for financing options? Here is a $1 million government-backed finance option for you! If you are a small business/ startup, seeking consultation from a Business Planning Solution Canada firm, you would have already learnt about this option – Canada Small Business Financing Program (CSBFP). Whether you want to buy capital assets like buildings, equipment, […] March 7, 2024March 7, 2024 Saving Bookmark this article Bookmarked How Can I Get A Government Backed Financing For My Small Business – CSBFP reLooking for financing options? Here is a $1 million government-backed finance option for you! If you are a small business/ startup, seeking consultation from a Business Planning Solution Canada firm, you would have already learnt about this option – Canada Small Business Financing Program (CSBFP). Whether you want to buy capital assets like buildings, equipment, […] March 4, 2024March 4, 2024 Saving Bookmark this article Bookmarked Canada's 2024 Tax Brackets and Rates: Here’s What You Need to Know Tax season's rolling in, and you know what that means – the annual update to Canada's tax brackets and rates. Staying in the loop on these updates will help you make the best of accounting services in Canada. Just a quick heads-up – tax brackets are adjusted every year as per the inflation, making sure […] February 29, 2024February 29, 2024 Saving Bookmark this article Bookmarked Important Tax Updates, Tax Breaks, and Tax Credits You Must Not Miss in 2024 Although the CRA hasn’t introduced any major new tax credits for 2024, there were some technical updates and minor adjustments. Therefore, it becomes important to check out these adjustments and revisit some of the most common tax breaks you may want to discuss with your accountant or tax preparer. That’s why, this article is here […] February 26, 2024February 26, 2024 Saving Bookmark this article Bookmarked 3 Things to NOT Miss When Filing Your Corporate Tax Return (T2) in Canada – 2024 Edition The new year's sparkle has probably faded, and the looming shadow of tax season is making itself known. By February end, the businesses have to file their T4s (wages) and T5s (dividends), and the general deadline for filing corporate income tax returns (T2) is also close. Beyond forms and deadlines, it is also the time […] February 22, 2024February 22, 2024 Saving Bookmark this article Bookmarked Why Get RRSP For Your Small Business In Canada? foreDo you think that planning for retirement and savings isn’t a crucial business move? If you are a small business owner in Canada, introducing retirement savings for you and your employees can have far-fetched benefits. One such example is RRSPs. Registered Retirement Savings Plans (RRSPs) are savings plans that can benefit both employers and employees. […] February 19, 2024February 19, 2024 Saving Bookmark this article Bookmarked Corporate Taxes: How Do They Work In Canada? current accounting standards, business compliance, tax preparation tips, and latest news. February 8, 2024February 8, 2024 Saving Bookmark this article Bookmarked Answer These 3 Year-End Tax Planning Questions Before Closing Books In 2023 As the fiscal year-end date fast approaches, many entrepreneurs like you will be preparing to close their books. However, it is also the right time for corporations to hire professionals for year-end tax planning for small businesses in Canada. Why? Profits from flipping residential properties will be taxed as business income instead of capital gains […] February 1, 2024February 1, 2024 Saving Bookmark this article Bookmarked Why Your Surrey Restaurant Needs Professional Bookkeeping In today's fiercely competitive restaurant industry, managing your finances effectively can be the difference between thriving and barely surviving. If you own a restaurant in Surrey, you understand the challenges that come with the territory – from fluctuating customer demands to rising overhead costs. However, there's one crucial aspect that many restaurant owners often overlook: […] September 21, 2023September 21, 2023 Saving Bookmark this article Bookmarked Tax Planning Strategies for Owner-Operators in the Transportation Sector Learn tax planning strategies for owner-operators in transportation. Get expert advice from Chartered Professional Accountants in Surrey, BC. August 9, 2023August 9, 2023 Saving Bookmark this article Bookmarked What to Look for in a CPA Canada Looking for a CPA in Surrey, Canada? Consider accreditation, expertise, services like corporate tax filing, and client references. Choose wisely for financial success. July 10, 2023July 10, 2023 Saving Bookmark this article Bookmarked Key Tax Credits for the Canadian Transportation & Logistics Industry Discover key tax credits for the Canadian transportation & logistics industry. From SR&ED to CCA, optimize your financial strategy for success. #TaxCredits #TransportationIndustry June 26, 2023June 26, 2023 Saving Bookmark this article Bookmarked Maximizing Tax Savings for Canadian Transportation & Logistics Companies in 2023 Maximize tax savings for Canadian transportation & logistics companies in 2023. Strategies, incentives, and planning to optimize financial performance. June 13, 2023June 13, 2023 Saving Bookmark this article Bookmarked Tax Implications of Expanding Restaurant and Pub Operations Expand your restaurant and pub operations with confidence. Learn about the tax implications and benefits. Consult a CPA in Surrey, Canada for corporate tax filing, planning, compliance. May 29, 2023May 29, 2023 Saving Bookmark this article Bookmarked Tax Planning Tips in 2023 for Restaurants & Pubs in Canada Maximize tax savings and ensure compliance for your restaurant or pub in Canada with these expert tax planning tips. Learn about deductions, tax credits, payroll management, and more. May 23, 2023May 23, 2023 Saving Bookmark this article Bookmarked op Software Solutions for Corporate Tax Filing : Streamlining Your Process Filing corporate taxes can be a complex and time-consuming task, but with the right software solutions May 16, 2023May 16, 2023 Saving Bookmark this article Bookmarked Behind the Scenes: A Look at the Corporate Tax Filing Process As a business owner, we know you understand how difficult it is to file taxes. May 10, 2023May 10, 2023 Saving Bookmark this article Bookmarked Avoiding Costly Mistakes: Common Errors in Corporate Tax Filing As a business owner, you're required to file taxes every year. And while corporate tax filing may seem like a daunting task, May 1, 2023May 1, 2023 Saving Bookmark this article Bookmarked
Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses Is your business dealing with rental housing? If that’s the case, then Canada Budget 2024 has good news for you – There is an expansion to the EIFEL rules (Excessive Interest and Financing Expense Limitation). What does this mean? It implies that there will […] June 3, 2024June 3, 2024 Saving Bookmark this article Bookmarked
Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones? Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones? We all, regardless of where we come from, have one thing in common: we all want to pay less taxes. For an informed discussion with a chartered professional accountant, we always look for such opportunities. Don’t we? Whether we are in […] May 9, 2024May 9, 2024 Saving Bookmark this article Bookmarked
How can I register my business in Canada? How can I register my business in Canada? Have you been thinking about setting up your business for quite some time, but are a bit daunted with the business registration process in Canada? Finding how many types of business structures are there in Canada can certainly help you with choosing the right accounting services in […] May 6, 2024May 6, 2024 Saving Bookmark this article Bookmarked
Maximizing Your Savings: Corporate Tax Deductions You Don’t Want to Miss for In Canada, it's tax season! Although it isn't exactly a happy time of year for many people, it may be a terrific time to save money if you know where to search for Corporate Tax filing Canada. While taxes have always been a complex issue that no income-earning individual or corporation can avoid, you […] May 2, 2024May 2, 2024 Saving Bookmark this article Bookmarked
Get More for Your Money: Corporate Tax Deductions You Should Be Taking Advantage Of! As a business owner, you want to maximize your profits while limiting your expenses. One effective way to achieve this is by taking advantage of corporate tax deductions in Canada. Did you know that you could claim part deductions against some expense heads? Yes, an efficient Business Planning Solution Canada can help save on corporate […] April 29, 2024April 29, 2024 Saving Bookmark this article Bookmarked
How can you pay less taxes in Canada as a business owner? How can you pay less taxes in Canada as a business owner? Knowledge is power when it comes to business taxes. Awareness of the right accounting services, taxation tips, and business practices can save you money in the long run. After serving the industry as chartered professional accountants for decades, we know what can work […] April 25, 2024April 25, 2024 Saving Bookmark this article Bookmarked
Tax Hacks for Corporations: How to Legally Reduce Your Tax Burden Taxes trouble almost everyone except accountants, but they are an unavoidable reality of life. The rules are always changing, and the deck may be stacked against the honest taxpayer. Do you want to lower your tax bill? You, of course, do. If you're in a high tax bracket, you'll be relieved to know that there […] April 11, 2024April 11, 2024 Saving Bookmark this article Bookmarked
Thinking Ahead: Strategies for Reducing Corporate Taxes and Boosting Your Bottom Line Take advantage of tax deductions One of the easiest ways to reduce your corporate taxes is by taking advantage of tax deductions. You can deduct expenses such as rent, salaries, utilities, and office supplies, among others. Make sure you keep track of all expenses throughout the year and ensure that they are legitimate business expenses. […] April 8, 2024April 8, 2024 Saving Bookmark this article Bookmarked
Know What You Can Deduct Are you tired of feeling overwhelmed when it comes to claiming corporate tax deductions? Every dollar counts when it comes to running a business. That's why understanding corporate tax deductions is crucial for maximizing your profits and minimizing your tax liability. But with so many rules and regulations to navigate, it can be challenging to […] April 4, 2024April 4, 2024 Saving Bookmark this article Bookmarked
Corporation vs. Sole Proprietorship: What is best for your business in Canada? https://cjcpa.ca/blog/corporation-vs-sole-proprietorship-what-is-best-for-your-business-in-canada/You might be a new entrepreneur or have been running your small business for quite some time. Whatever the case… deciding whether you should incorporate your business in Canada or stay as a sole proprietor can be difficult. After reading this blog, we suggest you discuss it further with a Chartered professional accountant. Of course, […] April 1, 2024April 1, 2024 Saving Bookmark this article Bookmarked
Paying Taxes On Tips & Gratuities: Types, Methods Are you employed or self-employed and receive appreciation as tips and gratuities when working? While serving tables, giving a ride home, doing nails, cutting hair, or giving a service that impresses the customer, servers often receive a tip. Did you know that gratuities and tips in Canada are taxable? While filing a tax return, you, […] March 28, 2024March 28, 2024 Saving Bookmark this article Bookmarked
The Imperative of Choosing the Right Accounting Software For effective financial administration in your organization, selecting the correct accounting software is crucial. It automates processes like billing, bookkeeping and financial reporting, which saves time and minimizes mistakes. Ultimately, selecting the best accounting software will improve your company’s overall financial management, planning, and growth potential. But before we proceed please understand that getting the […] March 21, 2024March 21, 2024 Saving Bookmark this article Bookmarked
What is Fraud? Employee theft is part of internal fraud that ranges from mismanaged items to unethical accounting procedures or the loss of financial and material assets. The external causes of fraud are substantially broader. Fake invoices, faulty checks, or the use of stolen credit cards are all examples of external fraud. Tip: Check out the website […] March 18, 2024March 18, 2024 Saving Bookmark this article Bookmarked
What Is The SR&ED Tax Credit? Scientific Research and Experimental Development (SR&ED) is a tax incentive provided by the government of Canada to businesses for conducting research and development (R&D) in Canada. SR&ED tax credit eligibility extends to all kinds of businesses operating in Canada and investing in R&D in Canada. If the R&D project has any of these features, it […] March 11, 2024March 11, 2024 Saving Bookmark this article Bookmarked
How Can I Get A Government Backed Financing For My Small Business – CSBFP Looking for financing options? Here is a $1 million government-backed finance option for you! If you are a small business/ startup, seeking consultation from a Business Planning Solution Canada firm, you would have already learnt about this option – Canada Small Business Financing Program (CSBFP). Whether you want to buy capital assets like buildings, equipment, […] March 7, 2024March 7, 2024 Saving Bookmark this article Bookmarked
How Can I Get A Government Backed Financing For My Small Business – CSBFP reLooking for financing options? Here is a $1 million government-backed finance option for you! If you are a small business/ startup, seeking consultation from a Business Planning Solution Canada firm, you would have already learnt about this option – Canada Small Business Financing Program (CSBFP). Whether you want to buy capital assets like buildings, equipment, […] March 4, 2024March 4, 2024 Saving Bookmark this article Bookmarked
Canada's 2024 Tax Brackets and Rates: Here’s What You Need to Know Tax season's rolling in, and you know what that means – the annual update to Canada's tax brackets and rates. Staying in the loop on these updates will help you make the best of accounting services in Canada. Just a quick heads-up – tax brackets are adjusted every year as per the inflation, making sure […] February 29, 2024February 29, 2024 Saving Bookmark this article Bookmarked
Important Tax Updates, Tax Breaks, and Tax Credits You Must Not Miss in 2024 Although the CRA hasn’t introduced any major new tax credits for 2024, there were some technical updates and minor adjustments. Therefore, it becomes important to check out these adjustments and revisit some of the most common tax breaks you may want to discuss with your accountant or tax preparer. That’s why, this article is here […] February 26, 2024February 26, 2024 Saving Bookmark this article Bookmarked
3 Things to NOT Miss When Filing Your Corporate Tax Return (T2) in Canada – 2024 Edition The new year's sparkle has probably faded, and the looming shadow of tax season is making itself known. By February end, the businesses have to file their T4s (wages) and T5s (dividends), and the general deadline for filing corporate income tax returns (T2) is also close. Beyond forms and deadlines, it is also the time […] February 22, 2024February 22, 2024 Saving Bookmark this article Bookmarked
Why Get RRSP For Your Small Business In Canada? foreDo you think that planning for retirement and savings isn’t a crucial business move? If you are a small business owner in Canada, introducing retirement savings for you and your employees can have far-fetched benefits. One such example is RRSPs. Registered Retirement Savings Plans (RRSPs) are savings plans that can benefit both employers and employees. […] February 19, 2024February 19, 2024 Saving Bookmark this article Bookmarked
Corporate Taxes: How Do They Work In Canada? current accounting standards, business compliance, tax preparation tips, and latest news. February 8, 2024February 8, 2024 Saving Bookmark this article Bookmarked
Answer These 3 Year-End Tax Planning Questions Before Closing Books In 2023 As the fiscal year-end date fast approaches, many entrepreneurs like you will be preparing to close their books. However, it is also the right time for corporations to hire professionals for year-end tax planning for small businesses in Canada. Why? Profits from flipping residential properties will be taxed as business income instead of capital gains […] February 1, 2024February 1, 2024 Saving Bookmark this article Bookmarked
Why Your Surrey Restaurant Needs Professional Bookkeeping In today's fiercely competitive restaurant industry, managing your finances effectively can be the difference between thriving and barely surviving. If you own a restaurant in Surrey, you understand the challenges that come with the territory – from fluctuating customer demands to rising overhead costs. However, there's one crucial aspect that many restaurant owners often overlook: […] September 21, 2023September 21, 2023 Saving Bookmark this article Bookmarked
Tax Planning Strategies for Owner-Operators in the Transportation Sector Learn tax planning strategies for owner-operators in transportation. Get expert advice from Chartered Professional Accountants in Surrey, BC. August 9, 2023August 9, 2023 Saving Bookmark this article Bookmarked
What to Look for in a CPA Canada Looking for a CPA in Surrey, Canada? Consider accreditation, expertise, services like corporate tax filing, and client references. Choose wisely for financial success. July 10, 2023July 10, 2023 Saving Bookmark this article Bookmarked
Key Tax Credits for the Canadian Transportation & Logistics Industry Discover key tax credits for the Canadian transportation & logistics industry. From SR&ED to CCA, optimize your financial strategy for success. #TaxCredits #TransportationIndustry June 26, 2023June 26, 2023 Saving Bookmark this article Bookmarked
Maximizing Tax Savings for Canadian Transportation & Logistics Companies in 2023 Maximize tax savings for Canadian transportation & logistics companies in 2023. Strategies, incentives, and planning to optimize financial performance. June 13, 2023June 13, 2023 Saving Bookmark this article Bookmarked
Tax Implications of Expanding Restaurant and Pub Operations Expand your restaurant and pub operations with confidence. Learn about the tax implications and benefits. Consult a CPA in Surrey, Canada for corporate tax filing, planning, compliance. May 29, 2023May 29, 2023 Saving Bookmark this article Bookmarked
Tax Planning Tips in 2023 for Restaurants & Pubs in Canada Maximize tax savings and ensure compliance for your restaurant or pub in Canada with these expert tax planning tips. Learn about deductions, tax credits, payroll management, and more. May 23, 2023May 23, 2023 Saving Bookmark this article Bookmarked
op Software Solutions for Corporate Tax Filing : Streamlining Your Process Filing corporate taxes can be a complex and time-consuming task, but with the right software solutions May 16, 2023May 16, 2023 Saving Bookmark this article Bookmarked
Behind the Scenes: A Look at the Corporate Tax Filing Process As a business owner, we know you understand how difficult it is to file taxes. May 10, 2023May 10, 2023 Saving Bookmark this article Bookmarked
Avoiding Costly Mistakes: Common Errors in Corporate Tax Filing As a business owner, you're required to file taxes every year. And while corporate tax filing may seem like a daunting task, May 1, 2023May 1, 2023 Saving Bookmark this article Bookmarked
