• Can-Am CPA Professional Corporation
(416)243-2912 E-MAIL NOW BOOK A FREE CONSULTATION
(416)243-2912
E-MAIL NOW
  • HOME
  • About Us
  • Services
    • Accounting
    • Tax Preparations
    • Tax Planning
    • Payroll Services + Bookkeeping
  • Resources
  • Common Questions
  • Reviews
  • Blog
  • Contact Us
Small Business Accounting Services Weston Toronto
  • 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 »


  • The 38-Week CRB Ends for Most Canadians: Is a 12-Week Extension Coming?

    External Author | Jul 21, 2021

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

    Article Written By:  Puja Tayal

    Original Article Posted on:  June 17, 2021

    Link to Original Article:  https://ca.finance.yahoo.com/news/38-week-crb-ends-most-150853382.html

    CLICK HERE TO READ THE FULL ARTICLE »


  • TFSA Investors: Beware This Huge CRA Tax Bomb

    External Author | Jul 07, 2021

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

    Article Written By:  Andrew Button 

    Original Article Posted on:  May 18, 2021

    Link to Original Article:  https://www.fool.ca/2021/05/18/tfsa-investors-beware-this-huge-cra-tax-bomb/

    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 »


  • Tax Tip - How to tell you've been contacted by the CRA, and what to do if you are

    External Author | Jun 02, 2021

    Original Article Source Credits:   Newswire , https://www.newswire.ca/

    Article Written By:  NA

    Original Article Posted on:  May 26, 2021

    Link to Original Article:  https://www.newswire.ca/news-releases/tax-tip-how-to-tell-you-ve-been-contacted-by-the-cra-and-what-to-do-if-you-are-826098861.html

    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 »


  • 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 »


  • New GST/HST rules for digital sales: What you should know

    External Author | Mar 31, 2021

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

    Article Written By:  Bruce Ball

    Original Article Posted on:  February 25, 2021

    Link to Original Article:  https://www.cpacanada.ca/en/business-and-accounting-resources/taxation/blog/2021/february/gst-hst-proposals-for-digital-sales

    CLICK HERE TO READ THE FULL ARTICLE »


  • Canada Revenue Agency: Big Changes Coming to Your 2021 Income Tax Bracket

    External Author | Mar 10, 2021

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

    Article Written By:  Puja Tayal 

    Original Article Posted on:  February 15, 2021

    Link to Original Article:  https://www.fool.ca/2021/02/15/canada-revenue-agency-big-changes-coming-to-your-2021-income-tax-bracket/

    CLICK HERE TO READ THE FULL ARTICLE »


  • 4 tax tips when filing for your unincorporated business

    External Author | Mar 03, 2021

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

    Article Written By:  MICHELLE SINGERMAN

    Original Article Posted on:  2.16.2021 

    Link to Original Article:  https://www.cpacanada.ca/en/news/canada/2021-01-16-unincorporated-biz-tax-tips

    CLICK HERE TO READ THE FULL ARTICLE »


  • Understanding the Voluntary Disclosures Program Rules

    External Author | Feb 17, 2021

    Original Article Source Credits:    Intuit and QuickBooks  , https://quickbooks.intuit.com/

    Article Written By:  Kari Brummond

    Original Article Posted on:  NA

    Link to Original Article:  https://quickbooks.intuit.com/ca/resources/accounting-news/voluntary-disclosures-program-rules/

    CLICK HERE TO READ THE FULL ARTICLE »


  • TFSA limit for 2021 released

    External Author | Dec 09, 2020

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

    Article Written By:  Rudy Mezzetta

    Original Article Posted on:  November 20, 2020

    Link to Original Article:  https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2021-released/

    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 »


  • Canada Revenue Agency: You Can Now Apply for the $450 CRCB and CRSB

    External Author | Nov 18, 2020

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

    Article Written By:  Puja Tayal

    Original Article Posted on:  October 6, 2020

    Link to Original Article:  https://ca.finance.yahoo.com/news/canada-revenue-agency-now-apply-120423492.html

    CLICK HERE TO READ THE FULL ARTICLE »


  • Canada Revenue Agency: October GST Refunds Are Here!

    External Author | Nov 11, 2020

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

    Article Written By:  Puja Tayal

    Original Article Posted on:  October 7, 2020

    Link to Original Article:  https://www.fool.ca/2020/10/07/canada-revenue-agency-october-gst-refunds-are-here/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Feds score big with extra funding of CRAs business compliance programs

    External Author | Oct 28, 2020

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

    Article Written By:  Rudy Mezzetta

    Original Article Posted on:  October 9, 2020

    Link to Original Article:  https://www.advisor.ca/tax/tax-news/feds-score-big-with-extra-funding-of-cras-business-compliance-programs/

    CLICK HERE TO READ THE FULL ARTICLE »


  • CRA Tax Breaks: How to Reduce Your Tax Bill This September

    External Author | Sep 23, 2020

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

    Article Written By:  Puja Tayal

    Original Article Posted on:  August 27, 2020

    Link to Original Article:  https://www.fool.ca/2020/08/27/cra-tax-breaks-how-to-reduce-your-tax-bill-this-september/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Feds expand eligibility for $600 payment to Canadians with disabilities

    External Author | Aug 19, 2020

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

    Article Written By : Rudy Mezzetta

    Original Article Posted on : July 20, 2020

    Link to Original Article:  https://www.advisor.ca/tax/tax-news/feds-expand-eligibility-for-600-payment-to-canadians-with-disabilities/

    CLICK HERE TO READ THE FULL ARTICLE »


  • Civilian Employees: Overpayments and their effect on personal tax returns (2016 or prior)

    External Author | Aug 12, 2020

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

    Article Written By : NA

    Original Article Posted on : 2020-07-20

    Link to Original Article:  https://www.canada.ca/en/department-national-defence/maple-leaf/defence/2020/07/civilian-employees-overpayments.html

    CLICK HERE TO READ THE FULL ARTICLE »


1 2Next »

Tags

  • Accounting Weston
  • Bookkeeping Weston
  • Dtc
  • Hst
  • Hst Filing Weston
  • Payroll
  • Small Business Weston
  • Tax
  • Tax Preparation Weston
  • Taxation
  • Taxes
  • Vdp

Recent Posts

  • A Beginner’s Guide To Preparing For Tax Season
  • The 38-Week CRB Ends for Most Canadians: Is a 12-Week Extension Coming?
  • TFSA Investors: Beware This Huge CRA Tax Bomb
  • 80% of Canadians Are Making This Common TFSA Mistake
  • Tax Tip - How to tell you've been contacted by the CRA, and what to do if you are
  • CRA tax tips for the self-employed
  • Canada Revenue Agency: Don’t Forget The Interest and Late Filing Penalty!
  • Keep taxes simple in the post-pandemic rebuild plan, pre-budget submission suggests
  • New GST/HST rules for digital sales: What you should know
  • Canada Revenue Agency: Big Changes Coming to Your 2021 Income Tax Bracket
1275 Jane Street (Jane & Weston) Toronto, Ontario M6M 4Y1
Join our mailing list
Copyright © 2023 - Can-Am CPA Professional Corporation
Powered By Webware.io
Can-Am CPA Professional Corporation
Copyright © 2023
1275 Jane Street (Jane & Weston) Toronto, Ontario M6M 4Y1
Join our mailing list
Powered By Webware.io
  • HOME
  • About Us
  • Services
    • Services
    • Accounting
    • Tax Preparations
    • Tax Planning
    • Payroll Services + Bookkeeping
  • Resources
  • Common Questions
  • Reviews
  • Blog
  • Contact Us