Blogs
Canada GST/HST Break
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...
The Canada Pension Plan Enhancement – Businesses, Individuals, and Self-Employed: What it Means for You?
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...
Here are some valuable tips from SJT CPA to help entrepreneurs organize their business finances effectively in 2025
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...
Introducing SJT CPA Inc. with AI: A Business Model Whose Time Has Come!
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...
Maximize Your Business Profits with These Tax Deduction Tips
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...
The Ultimate Guide to Business Finance Organization for Entrepreneurs
It is important to control pecuniary affairs in business to be successful. For start-ups and growing companies, it is very important to keep track of your financials to ensure you are profitable, for it frees up your mind and is always ready for tax returns. Take a...
How to get ready for a successful and smooth 2025 tax season?
You may think 2025 tax season is a long way off as it officially kicks off on February 17th. Or once again, you don’t want to hear about as it gives you some bad feelings. This should not be the case at all if you want to have a successful and smooth 2025 tax season....
How to find your Trusted Accountant for a successful 2025 tax season?
2025 Tax season will really start SOON! Many people can file their income tax themselves using software like TurboTax, UFile or ProTax, but not everybody is comfortable doing so. In addition, this requires having basic knowledge of provincial and federal tax rules and...
Tax planning for a family
Tax planning for a family in Quebec, involves maximizing tax savings and taking advantage of available credits, deductions, and strategies to reduce overall tax liability. Here's a guide on how to approach family tax planning in Quebec: 1. Optimize Income Splitting...
