With our digital landscape, cryptocurrencies continue to be a trending topic, acting as a popular option and investment opportunity for many individuals and businesses alike. For those unfamiliar with the term, cryptocurrency is secure digital money that is separate from government bodies (including banks) that usually works with blockchains. Blockchains act as a database for cryptocurrencies to record transactions. You’ve likely heard of the most popular form of cryptocurrency, Bitcoin, but there are several types of […]
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For small to medium-sized businesses, the increase of cyberattacks has become a huge threat. The Insurance Bureau of Canada states that over the last year, cyberattacks have increased for Canadian organizations by 99%! Cyberattacks can cost organizations thousands of dollars, putting them in a tight spot financially. While there are a ton of statistics that showcase the ins and outs of cyberattacks […]
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You’ve heard the term before — credit scores. It makes some people break into a sweat, nervous about their financial standing. But what exactly is a credit score and how does it impact you?
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No matter the level of service you need from your accounting firm, there are some basic questions and considerations to keep in mind when making this important business decision.
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As a business, keeping your books balanced keeps you organized, prevents financial gaps and allows you to accurately plan out your future expenses. It may seem daunting or tedious, but the attention to detail will greatly impact your business. Here are 8 ways to stay on top of the accounting: Know your receivables. When you […]
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For new, or even experienced, investors — a rocky, volatile market can be daunting. If you’re wondering where to start or where to go from here, we’ve compiled a few tips for continuing to build your investment portfolio during difficult times. Don’t stop saving! The most important thing you can do is continue to put […]
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In the words of the OECD: “Tax transparency is about putting an end to bank secrecy and tax evasion through global tax co-operation”. All us accounting geeks out there know that the CPA profession has publicly stated that it supports transparency of the beneficial ownership of corporations to create a national framework for whistleblowing and […]
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It used to be every year the federal government would deliver a budget, until last year. Yes, on April 19th, for those of you that missed it, the Federal government delivered their first budget in over two years.
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Survey says A recent study by CPA Canada revealed that one in three Canadians are concerned about the impact of COVID-19 on their personal finances, with 21% revealing they plan to retire later due to the pandemic. A separate survey by Ryerson University and the National Institute for Aging (NIA) discovered that 91% of Canadians […]
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Although the tax deadline was extended last season, this year we’re back to the Friday, April 30 deadline. If you’re self-employed or have a spouse or common-law partner who is, you have until Tuesday, June 15 to file (though taxes owing must still be paid by April 30).
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