Let's be real – when most Canadian non-profit directors think about financial statements, they're usually laser-focused on that profit and loss statement. Makes sense, right? It's the flashy one that shows whether you're in the black or drowning in red ink.But here's...
Blog:Bookkeeping Info
RRSP vs TFSA: The Ultimate Tax-Saving Battle
Which One Wins for You? Every year, like clockwork, tax season rolls around, and Canadians everywhere scramble to figure out how to keep more of their hard-earned money away from the taxman. Two of the most popular tax-saving tools for this financial ninja move are...
Stay Ahead: 2025 New Tax Rules and Deadlines
As 2025 approaches, Canadians must prepare for a series of important tax updates. From adjusted tax brackets to changes in savings plans, these updates will impact individuals, self-employed professionals, and corporations alike. Here's a detailed breakdown of the...
Behind In Your Bookkeeping? 3 Common Worries
Acknowledging the Fear: Falling Behind on Bookkeeping We've all felt that sinking sensation in the pit of your stomach. The dread creeps in as you realize you're falling behind on your bookkeeping. It's a common fear amongst business owners, and understandably so....
2024 Payroll Tax Adjustments: What’s New
As we move closer to 2024, some significant changes are coming to how payroll taxes work in Canada. The government has announced a series of updates to the tax code that will affect both employers and employees. This article will examine these changes and how they...
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