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Understanding the Difference: T4A vs. T5018 in Canadian Tax Forms
Tax season can be confusing, especially when you're dealing with those mysterious numbered forms. If you're a freelancer, work with...
David Mu
Feb 25, 20242 min read
How Many Years Back Can You File Taxes in Canada?
Filing taxes late? Wondering how far back you can go to get your taxes in order in Canada? Whether you're eyeing a potential refund or...
David Mu
Feb 7, 20241 min read


What Is the Difference Between Accounting and Bookkeeping?
Understanding the differences between accounting and bookkeeping is essential for any business owner. Although these terms are often used...
David Mu
Feb 7, 20241 min read
"Are You Prepared? Important CRA Tax Slip Deadlines for 2024"
Navigating tax season requires keeping track of several important deadlines from the Canada Revenue Agency (CRA). Whether you're an...
David Mu
Feb 5, 20241 min read


What Will CRA's Corporate Tax Instalment Interest Rate for 2024 Be?
As the new fiscal year unfolds, Canadian corporations must be aware of the Canada Revenue Agency's (CRA) updated interest rates for...
David Mu
Feb 1, 20241 min read


Guide to the Best CRA-Certified Tax Software for 2023 Tax Season:
The 2023 tax season brings with it the need for reliable, efficient, and user-friendly tax software. With the Canada Revenue Agency (CRA)...
David Mu
Jan 21, 20242 min read


Be Aware of the CRA's Strategy: Offsetting Tax Debts with GST Refunds
The Canada Revenue Agency (CRA) has a policy of offsetting taxpayers' debts by applying tax refunds and benefit payments, such as the...
David Mu
Jan 21, 20241 min read


The 2024 Tax Landscape in Canada: What You Need to Know
As we step into 2024, Canada's tax landscape is undergoing significant changes. From adjustments in federal tax brackets to new reporting...
David Mu
Jan 14, 20243 min read


The Maze of Delayed Tax Reporting to the CRA: Understanding the 10-Year Rule
Introduction For small business owners, who haven't reported taxes for several years, the road to compliance can seem daunting. In...
David Mu
Jan 11, 20242 min read


The Distinct Roles of Accounting and Bookkeeping for Small Business
For small business owners, understanding the difference between accounting and bookkeeping is vital for effective financial management....
David Mu
Jan 6, 20242 min read


Difference Between Bookkeeper and Accountant
1. Roles and Responsibilities: • Bookkeeper: Essential for daily financial transaction management, a bookkeeper meticulously records...
David Mu
Dec 16, 20231 min read


Canada's 2024 Tax Revamp: Navigating New Thresholds and Rules for Individuals and Corporations
The Canadian tax landscape is set to undergo several significant changes in 2024, which will impact individuals and corporations alike....
David Mu
Dec 2, 20232 min read


Canada's Pension Landscape in Transition: Navigating the 2024 CPP Changes and Economic Implications
1. CPP Premiums Increase: There is an upcoming increase in CPP premiums set for January, which represents a bigger jump than initially...
David Mu
Dec 2, 20231 min read


Unlock the Hidden Power of QuickBooks: Essential Tips for Small Business Success
QuickBooks is a powerful tool for managing your business finances, but are you maximizing its potential? Many small business owners miss...
David Mu
Nov 30, 20231 min read
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