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...
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...
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...
With just 5 days left before 2025, the journey of SJT CPA Inc. began five years ago, aiming to revolutionize professional accounting services. Founded in December 2019 in Montreal, SJT CPA is an online and remote accounting firm dedicated to offering tailored and...
Business tax deductions must be well understood by any intending entrepreneur who wishes to reduce taxable income and increase profits. Such deductions enable businesses to eliminate specific amounts of money from their gross revenue, thus lowering the tax amount. In...
