Tips & Advice

We are pleased to provide a variety of resources on accounting, taxation and other related subjects that we hope will be helpful to both individuals and businesses. Read through our blog posts below or browse through our Quick Tools resource menu. Have a question that isn’t answered here? We can help. Simply contact us by email or give us a call at 807-276-6272. We would be happy to meet with you for a free, no-obligation consultation.

Claiming investment fees on your tax return

deductions

When preparing your taxes, a deduction that is often overlooked is carrying charges and interest expenses. These charges are costs you incur to earn income from an investment, but only expenses for non-registered accounts will qualify.

Continue reading
  11 Hits

The Tax Implications of Shareholder Loans

shloan

Shareholder loans refer to loans made by shareholders of a corporation to the corporation. The tax implications of such loans will vary depending on the jurisdiction, but usually, they are not considered taxable income to the shareholder.

Continue reading
  29 Hits

2022 Tax Season - How to Preparing Your Records

prepared

Through proper planning, simplifying the process of filing your tax returns for 2022 is easily done. By taking the time to prepare your records, you can speed up the process of receiving a refund and reduce the cost of services provided by your accountant or tax preparer to meet the tax filing deadline.  

Continue reading
  29 Hits

Reduce the Cost of Accounting Fees? Yes, You Can!

fees3

Reducing the fees associated with the work your accountant does is possible! The great news is that savings are often quite easy to achieve for many owners. If you were only to do one thing, it would be to ensure your records are complete and organized. There are other ways to save as well.

Continue reading
  34 Hits

Dividend or Salary? What's the Best Way to be Paid?

dividend4

Paying yourself as a small business owner is an important decision. Determining how you do it will be very important concerning finances and taxes.

Continue reading
  47 Hits

To ensure the best possible service to our clients, we work continually to retain a professional edge by maintaining active memberships in various trade associations and being up to date on the latest accounting and bookkeeping software.

Certified Professional Bookkeeper Institute of Professional Bookkeepers of Canada
Certified Professional Bookkeeper Institute of Professional Bookkeepers of Canada
Sage 50 Accounting Premium AdvisorSage 50 Accounting Premium Advisor
QuickBooks Pro AdvisorQuickBooks SpecialistQuickBooks Pro AdvisorProfessional Bookkeepers Association

Login

Register

You need to enable user registration from User Manager/Options in the backend of Joomla before this module will activate.