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TN CPA Professional Blog

The TN CPA Team is your source for the latest Canadian tax news and updates on changing tax laws.

We are pleased to provide a variety of resources on accounting, bookkeeping taxation, and other related subjects that we hope will be helpful to both individuals and businesses.

If you have any questions, simply contact us by email or call 416-318-6789. We will be happy to meet with you for a free, no-obligation consultation.


Disclaimer:
The content provided in this blog is for general informational purposes only and is not intended as professional accounting, tax, or financial advice. While efforts are made to ensure the accuracy and timeliness of the content, errors or omissions may occur. The content does not constitute a client-advisor relationship. Readers should consult with a Chartered Professional Accountants or other financial professional for advice tailored to their specific needs. We are not liable for any actions one might take based on the information provided in this blog.

The Canada Small Business Financing Program

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The Canada Small Business Financing Program (CSBFP) is a federal initiative that helps small businesses obtain financing to start, expand, modernize, or improve their operations. Administered by Innovation, Science and Economic Development Canada (ISED), the program encourages lending institutions to provide loans to small businesses by sharing the risk with the government.

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THUẾ THU NHẬP CÁ NHÂN NĂM 2023

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Xin cảm ơn quý khách hàng đã tin tưởng sử dụng dịch vụ khai thuế - tư vấn cá nhân của TN CPA cho năm 2023.  Xin quý khách hàng lưu ý những điểm dưới đây sau khi Tax return T1 2023 đã được nộp cho CRA để đảm bảo hồ sơ thuế được hoàn tất trọn vẹn và sẵn sàng cho mùa thuế 2024.

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2023 PERSONAL INCOME TAX

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We would like to thank you for your trust in our 2023 personal tax filing services.  Pls be aware of the following matters to make sure your 2023 tax is properly followed up and ready for 2024 tax filing.

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Tax Changes in Canada for 2024

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We have compiled a list of Tax Changes and adjustments that are anticipated to affect most Canadians in 2024.

The details here offer estimates for elevated payroll taxes, mandatory contributions to the Canada Pension Plan and Employment Insurance. It also covers increases in carbon and alcohol taxes plus the effect of the possible Digital Services Tax.

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Record-Keeping in Small Business - Best Practices

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Effective record-keeping is crucial for the success of any small business. Proper records not only help you track your financial performance but also ensure compliance with tax regulations and provide valuable insights for making informed business decisions. Here are some best practices for record-keeping in a small business:

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Canada's Covid 19 Economic Response Plan

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Below is the updated overall information on Canada's COVID-19 Economic Response Plan from CRA's official portal.  Should you have any questions, please do not hesitate to contact us.

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Despite the Strike, Filing your Tax on Time is Important!

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Even though the CRA is dealing with a strike by public sector workers, you must still file your Canadian income tax on time to avoid penalties and interest charges. In this blog post, we will discuss the importance of filing your Canadian income tax on time and the penalties you may be subject to if you are late.

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Cập nhật các chương trình hỗ trợ doanh nghiệp bị ảnh hưởng do Covid 19.

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New Canada Emergency Rent Subsidy (CERS) – chương trình h tr tin rent cho business tiếp theo chương trình cũ CERCA (h tr 75% tin rent)

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CRB Checklist

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CRB là chương trình hỗ trợ $1,000 cho mỗi 2 tuần bắt đầu từ Sep 27, 2020 đếnSep 25, 2021 (tổng cộng 26 kỳ) và bắt đầu apply từ Oct 12.  Để tiện cho khách hàng và website vistor theo dõi và download, chúng tôi chuẩn bị check list dưới đây dựa trên thông tin cập nhật của cơ quan thuế Canada (CRA).  Nếu có câu hỏi gì, vui lòng email This email address is being protected from spambots. You need JavaScript enabled to view it..

Tham khảo

https://www.canada.ca/en/revenue-agency/services/benefits/recovery-benefit/crb-who-apply.html#h-1

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CRA Tax Updates for October 2022

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October 31, 2022

Update on electronic notices of assessment

Finance Canada recently proposed legislation that would allow the Minister of National Revenue to provide a notice of assessment (NOA) electronically to an individual who filed their personal income tax return electronically and has authorized that notices or other communications may be made available in this manner. 

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What is Fraud, and How You Can Tell?

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With all of the recent press about Ransomeware attacks on various companies and publicity about people being targeted during the COVID-19 Pandemic, it is timely to remind you that the fight against fraud starts with you. Learn to recognize, reject and report it.

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TN CPA Professional
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Mississauga, ON
L4Z 1S1

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