What Does an Accountant Do?
An accountant carries out a variety of tasks and services which vary according to the requirements of the industry and employment duties. Most accountants are employed in industry while a smaller percentage are engaged in public practice. Accountants in public practice provide services as follows: Preparation of financial statements Audits Preparation of tax returns, both […]
Covid-19 Government Assistance
Federal government COVID-19 tax updates April 13, 2020 CPA Canada is a respected and influential voice relaying matters raised by our members to the Canada Revenue Agency (CRA) and working collaboratively to identify solutions. Be sure to check back regularly for updates. Update: April 13, 2020 Revised tax blog post on the 75% Canada Emergency […]
Find the Right Accountant
Use this checklist when looking for a new accountant
Best tax deductions for my 2023 personal tax return for filing in Canada
1. RRSP Deduction: Contributions made to a Registered Retirement Savings Plan (RRSP) are a significant tax deduction available to taxpayers. 2. Child Care Expenses: If you have children and you pay for daycare, a nanny, or after-school programs, you may be able to claim these expenses. 3. Moving Expenses: Canada allows taxpayers to amortize the […]