by cpainmontreal | Mar 12, 2025 | Tax
Tax season officially started on February 24th 2025, and the deadline for filing your 2024 income tax is April 30th 2025. While it can be tedious and painful sometimes to prepare your income tax, it has many advantages to file it on time. Here are three reasons why it...
by cpainmontreal | Feb 5, 2025 | Tax
While it might not be your favourite subject, preparing early for the 2024 Canadian tax season (filing in 2025) can save you stress, time, and potentially even money. This guide outlines the key steps to get organized and maximize your return. Important Note: Tax laws...
by cpainmontreal | Jan 13, 2025 | Business
Great news for Canadians! The Tax Break for All Canadians Act (Bill C-78) has received Royal Assent, which means it is now law. There is a temporary GST/HST break on certain items from December 14, 2024, to February 15, 2025. During the tax break, no GST or HST...
by cpainmontreal | Jan 10, 2025 | Business
Backgrounder The Canada Pension Plan (CPP) enhancement, introduced in 2019, aims to boost retirement income for Canadian workers and their families. This enhancement gradually increases CPP contributions and benefits over several years. How the CPP Enhancement Affects...
by cpainmontreal | Jan 8, 2025 | Business
Separate Personal and Business Finances Establish separate bank accounts for different business purposes. Get a business credit card for business-related expenses. Use a dedicated business phone line and email address. Effective Bookkeeping Utilize...
