5 Keys to Successfully Managing Your Personal Finances
For most of us, learning to manage your personal finances can seem like a trial by fire. Few of us learned about finances in high school, and by the time you need it, it almost feels like lessons about managing your money come too late in life.
CRA Update for November 2018
In this blog we cover 2019 Personal Tax Rate Tables, 2019 Dividend Tax Credit Rates for Non-Eligible Dividends, Tax-Free Savings Account (TFSA) Withdrawals, Old Age Security (OAS) Claw-back and Bill C-86, Budget Implementation Act, 2018, No. 2.
7 Things Canadians Need To Change About Their Finances
Here we go again, another "lecture/blog" on how to better manage your finances. Well, not enough Canadians are getting ahead, so here is our 7 things to digest and think strongly about.
Copetti & Co. invites small and medium sized companies in Durham Region to engage in a dialogue
Copetti & Co. invites small and medium sized companies in Durham Region to engage in a dialogue to better their tax situation and relationship with Canada Revenue Agency (CRA).
Update from CRA – October 2018
In this blog we cover the eligibility for donating shares and transferring capital losses to a spouse as well as other topics for Canadians such as, federal legislation on taxation of cannabis.
Update From CRA for September 2018
In this blog we cover the eligibility for tutition for parents and students as well as other topics for Canadians such as, US Federal Estate Tax May be Payable by Canadians, Voluntary Disclosure Program (VDP) Changes, RRSPs and RRIFs Taxed at Death, and more.
WHATS THE VALUE OF A CFO TO SMALL BUSINESS part 2
As a follow-on to our “Value of a CFO to Small Business” post, let’s first accept, based on this value, that an experienced CFO is right for any business - small or large.
Copetti announces launch of new technology to help small business
Copetti & Co. announce their successful launch of new technology to aid customer communication The exchange of documents and signatures at tax time, have historically taken its toll in travel time, time away from a busy life and business and travel costs.
CRA Updates for August 2018
On July 27th, 2018 the federal government released draft legislation related to sales and excise taxes and related to income tax, including extended reassessment periods. Canadians are invited to comment by September 10th, 2018.
Best Managed Companies Focus On People
We have been hearing a lot recently about the Best Managed Companies and what it takes to be labeled so, and while it’s a great subject to follow and learn from, I believe the list is different for a small company from a large one. Except for the one thing – a tireless focus on people.
WHATS THE VALUE OF A CFO TO SMALL BUSINESS
Don’t believe you can afford the financial hit of a full time CFO! Let’s consider the value of the CFO and look to a practical option for small to medium size businesses (SME’s) to take advantage of the value that CFO’s can offer through considering the affordable strategy of
Tax Information From CRA for 2018
CRA announced that EFile and NetFile will be available starting February 26, 2018 for filing 2014 to 2017 personal tax returns.
How to pay your crypto and bitcoin profits with CRA
So you invested in BitCoin or some other really cool cryptocurrency and the value keeps going up and up! You move things around in the ‘bit space’, using BitCoin to buy other currencies as they come onto the market. It’s been fun, interesting and it looks like you are going to make a killing at some point financially. You can even use your cryptocurrency to make some purchases (though its early days).
Copetti & Co. announce a new service to get digital access to your minute book for better corporate governance.
Maintaining corporate records may be the last thing on a business owner's mind. Business owners are focused on the day to day running of their business and making sure their venture stays profitable, they don’t have the time generally to worry about the updating of the corporation’s minute book. This task usually falls on the director’s shoulders at the most inappropriate time when they realize how much work has to be done. The physical minute book has to be acquired from the corporate lawyer or accountant and then any changes and activities need to be updated accurately.
What’s New for the tax year 2018
The TD1 forms for 2018 are available from Canada Revenue Agency. If there have been changes which will affect tax exemptions, you should ensure that you or your employees complete these forms so that the employer (or other payer) will deduct the appropriate amount of income tax from the employment income or pension income.