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  • A Beginner’s Guide To Preparing For Tax Season

    Can-Am CPA Professional Corporation | Mar 21, 2022

    A Beginner’s Guide To Preparing For Tax Season

    If this is your first time filing your taxes, welcome to the ride. Taxes sound scary, but if you have the right tools – it’s not as bad as some make it out to be. As you’ll have to do this many times in your life, it’s best to take it slow and not panic. The tax filing process usually happens between March-April every year with the deadline to file on April 30th. In Canada, the filing of your annual taxes is a self assessment process. This means that all individuals and businesses must inform the government about how much they’ve earned, what deductions and credits they are claiming, calculate their total tax bill, and how much they underpaid or overpaid for the year. Calculating these figures can be a daunting task if you don’t know how! Fortunately, the experts at Can-Am CPA Professional Corporation recognize this and have come up with a Beginner’s Guide to preparing for tax season. This guide is designed to help you figure out the ins and outs of filing your taxes, so read on to know what you need to do.

    CLICK HERE TO READ THE FULL ARTICLE »


  • Three Common Mistakes People Make When Filing Their Income Taxes

    Can-Am CPA Professional Corporation | Nov 23, 2021

    Three Common Mistakes People Make When Filing Their Income Taxes

    Filing income taxes can be a complicated process, so it should not come as a surprise that taxpayers often get the tax filing process wrong in the first attempt. 

    CLICK HERE TO READ THE FULL ARTICLE »


  • The CRA gives a chilling assessment on accidental TFSA overcontributions

    External Author | Jul 28, 2021

    Original Article Source Credits:   Financial Post , https://financialpost.com/

    Article Written By:  Jamie Golombek

    Original Article Posted on: June 17, 2021 

    Link to Original Article:  https://financialpost.com/personal-finance/taxes/the-cra-gives-a-chilling-assessment-on-accidental-tfsa-overcontributions

    CLICK HERE TO READ THE FULL ARTICLE »


  • Why You Should Choose Can-Am CPA Professional Corporation!

    Can-Am CPA Professional Corporation | Jul 06, 2021

    Why You Should Choose Can-Am CPA Professional Corporation!

    Going through your tax records and gathering necessary documents to file your tax return can be frustrating as you may have to devote several hours to it. However, you don’t have to do it alone! A professional tax consultant can assist you with your tax preparation and keep you informed about the tax regulations. They will help you save time and money and ensure you avoid any calculation errors that could adversely affect your tax returns.

    CLICK HERE TO READ THE FULL ARTICLE »


  • 80% of Canadians Are Making This Common TFSA Mistake

    External Author | Jun 16, 2021

    Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

    Article Written By:  Christopher Liew, CFA

    Original Article Posted on:  May 27, 2021

    Link to Original Article:  https://ca.finance.yahoo.com/news/80-canadians-making-common-tfsa-161538186.html

    CLICK HERE TO READ THE FULL ARTICLE »


  • Government to reimburse self-employed workers who repaid CERB

    External Author | Jun 09, 2021

    Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

    Article Written By:  Staff, Canadian Press

    Original Article Posted on:  May 27, 2021

    Link to Original Article:  https://www.advisor.ca/tax/tax-news/government-to-reimburse-self-employed-workers-who-repaid-cerb/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Busted! Don’t Believe These Myths About Government Loans!

    Can-Am CPA Professional Corporation | Jun 04, 2021

    Busted! Don’t Believe These Myths About Government Loans!

    Canada Emergency Business Account (CEBA) is one of the Government of Canada’s financial relief measures to support businesses impacted by the coronavirus pandemic. Eligible businesses can get access to this interest-free loan to help them manage their expenses. Moreover, with the latest news release, CEBA will be available to businesses that have been operating out of a non-business banking account.

    CLICK HERE TO READ THE FULL ARTICLE »


  • CRA tax tips for the self-employed

    External Author | May 26, 2021

    Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

    Article Written By:  Staff

    Original Article Posted on:  April 7, 2021

    Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-tax-tips-for-the-self-employed/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Canada Revenue Agency: Don’t Forget The Interest and Late Filing Penalty!

    External Author | May 19, 2021

    Original Article Source Credits:   Yahoo finance , https://ca.finance.yahoo.com/

    Article Written By:  Adam Othman

    Original Article Posted on:  April 20, 2021

    Link to Original Article:  https://ca.finance.yahoo.com/news/canada-revenue-agency-don-t-123308921.html

    CLICK HERE TO READ THE FULL ARTICLE »


  • Frequently Asked Questions About Filing Your Taxes

    Can-Am CPA Professional Corporation | May 06, 2021

    Frequently Asked Questions About Filing Your Taxes

    If you’re new to the process of tax preparation, it can be one of the most frustrating and time-consuming tasks that you’ve had engaged in. For starters, you may have a ton of questions on your mind but find answers difficult to come by. This can cause you to delay the filing of your returns, submit incorrect details, or exceed the submission deadline. At Can-Am CPA Professional Corporation, we understand the challenges you may be facing, and we want to arm you with the most accurate information available to help you out. To do this, we’ve answered some of the most frequently asked questions about filing your taxes.

    CLICK HERE TO READ THE FULL ARTICLE »


  • Keep taxes simple in the post-pandemic rebuild plan, pre-budget submission suggests

    External Author | May 05, 2021

    Original Article Source Credits:   CPA Canada , https://www.cpacanada.ca/

    Article Written By:  SOPHIE NICHOLLS JONES

    Original Article Posted on:  4.15.2021

    Link to Original Article:  https://www.cpacanada.ca/en/news/canada/2021-04-15-budget-reccommendations

    CLICK HERE TO READ THE FULL ARTICLE »


  • How to check if you have unclaimed cheques from the CRA

    External Author | Apr 21, 2021

    Original Article Source Credits:   CPA Canada , https://www.cpacanada.ca/

    Article Written By:  MATHIEU DE LAJARTRE

    Original Article Posted on:  3.19.2021

    Link to Original Article:  https://www.cpacanada.ca/en/news/canada/2021-03-19-unclaimed-cra-cheques

    CLICK HERE TO READ THE FULL ARTICLE »


  • CRA says ‘rare’ error in some tax slips lists repaid CERB as taxable

    External Author | Apr 14, 2021

    Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

    Article Written By:  Canadian Press

    Original Article Posted on:  March 2, 2021

    Link to Original Article:  https://www.advisor.ca/news/economic/cra-says-rare-error-in-some-tax-slips-lists-repaid-cerb-as-taxable/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Busted! Don’t Believe These Tax Myths!

    Can-Am CPA Professional Corporation | Apr 07, 2021

    Busted! Don’t Believe These Tax Myths!

    Admit it. Tax time can be hard and tough to grasp for most of us. With numerous tax responsibilities and laws to obey, filing taxes as a layperson can be daunting. Moreover, you have the Canada Revenue Agency (CRA) scrutinizing records every year! Enlisting the services of a tax accountant is a beneficial choice to minimize tax liability. They will oversee your finances and make sure you comply with the tax laws and file your taxes on time. 

    CLICK HERE TO READ THE FULL ARTICLE »


  • There are new rules this tax season, courtesy of COVID-19. Here is what you need to know

    External Author | Apr 07, 2021

    Original Article Source Credits:   CBC , https://www.cbc.ca/

    Article Written By:  Sophia Harris 

    Original Article Posted on:  Feb 27, 2021

    Link to Original Article:  https://www.cbc.ca/news/business/cra-covid-benefits-1.5928069

    CLICK HERE TO READ THE FULL ARTICLE »


  • Stay In Touch With Can-Am CPA Professional Corporation!

    Can-Am CPA Professional Corporation | Mar 18, 2021

    Stay In Touch With Can-Am CPA Professional Corporation!

    Our email newsletter is a one-stop resource for relevant news and content about Can-Am CPA Professional Corporation, a full-service accounting firm in Toronto. 

    CLICK HERE TO READ THE FULL ARTICLE »


  • Canada Revenue Agency: Big Changes Coming in Your Paycheck in 2021

    External Author | Jan 27, 2021

    Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

    Article Written By:  Puja Tayal 

    Original Article Posted on:  December 28, 2020 

    Link to Original Article:  https://www.fool.ca/2020/12/28/canada-revenue-agency-big-changes-coming-in-your-paycheck-in-2021/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Are You Saving for Retirement? Consider This Crucial Decision

    External Author | Jan 06, 2021

    Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

    Article Written By:  Daniel Da Costa 

    Original Article Posted on:  December 28, 2020

    Link to Original Article:  https://www.fool.ca/2020/12/28/are-you-saving-for-retirement-consider-this-crucial-decision/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Canadians see value in a wealth tax

    External Author | Dec 30, 2020

    Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

    Article Written By:  Greg Dalgetty

    Original Article Posted on:  November 19, 2020

    Link to Original Article:  https://www.advisor.ca/news/economic/canadian-sees-value-in-a-wealth-tax/

    CLICK HERE TO READ THE FULL ARTICLE »


  • After CERB: Transitioning to new benefits

    External Author | Nov 25, 2020

    Original Article Source Credits:   Canada.ca , https://www.canada.ca/

    Article Written By:  NA

    Original Article Posted on:   2020-10-21

    Link to Original Article:  https://www.canada.ca/en/services/benefits/ei/cerb-application/transition.html

    CLICK HERE TO READ THE FULL ARTICLE »


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Recent Posts

  • A Beginner’s Guide To Preparing For Tax Season
  • Three Common Mistakes People Make When Filing Their Income Taxes
  • The CRA gives a chilling assessment on accidental TFSA overcontributions
  • Why You Should Choose Can-Am CPA Professional Corporation!
  • 80% of Canadians Are Making This Common TFSA Mistake
  • Government to reimburse self-employed workers who repaid CERB
  • Busted! Don’t Believe These Myths About Government Loans!
  • CRA tax tips for the self-employed
  • Canada Revenue Agency: Don’t Forget The Interest and Late Filing Penalty!
  • Frequently Asked Questions About Filing Your Taxes
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  • HOME
  • About Us
  • Services
    • Services
    • Accounting
    • Tax Preparations
    • Tax Planning
    • Payroll Services + Bookkeeping
  • Resources
  • Common Questions
  • Reviews
  • Blog
  • Contact Us