Certified Public Accountant: Role and Responsibilities of a CPA
What is a CPA? In business and finance industry, the designation CPA, stands for Certified Public Accountant. This credential signifies expertise and credibility and is highly respected. They’re specially trained and licensed to handle a variety of accounting tasks, from preparing taxes to auditing financial statements. But what exactly does it take to become a
New CRA Work From Home Tax Deduction Guide for Canadians
In response to the unprecedented shift towards remote work prompted by the COVID-19 pandemic, the Canada Revenue Agency (CRA) has introduced new guidelines regarding tax deductions for Canadians who have been working from home. These work from home expenses and tax deduction guidelines aim to provide relief to individuals who have incurred additional expenses due
Second Additional CPP Contributions: Deadline & Everything You Need to Know
As of January 1, 2024, authorities have instituted significant changes in the Canadian Pension Plan (CPP) landscape, mandating employers to deduct a second additional Canada Pension Plan (CPP2) on earnings exceeding the annual maximum pensionable earnings. The Canada Revenue Agency’s (CRA) requirements must be strictly followed to effect this revolutionary change. Learn more about the
Accounting for Doctors and Healthcare Professionals: Best Practices
In the world of healthcare, precision and accuracy are first and foremost. Healthcare professionals work diligently to diagnose and treat patients with precision, but what about the financial health of your practice? Managing your finances with the same level of precision is equally important. That’s where expert accounting services for doctors and healthcare professionals, like those