Author Archives: Ontime Accounting

Tax Tips By Accountant in Brampton

Posted on January 2, 2014 by Ontime Accounting

• An overtime meal allowance of up to $17 for two or more hours of required overtime adjacent to regular working hours, if the overtime is infrequent or occasional (generally once or twice a week, outside of peak periods).  If you are … Continue reading →

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Tax Tips by an Accountant in Vaughan

Posted on November 27, 2013 by Ontime Accounting

The 2013 federal budget introduced a temporary First-Time Donor’s Super Credit (FDSC), effective for donations made on or after March 21, 2013. First-time donors are eligible for a 40 per cent tax credit (15 per cent + 25 per cent) … Continue reading →

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Tax Tips by Accountant in Bolton

Posted on November 16, 2012 by Ontime Accounting

Your RRSP will be charged a one per cent penalty tax for every month that your foreign content exceeds 30 per cent of its book value. To provide a cushion against accidentally exceeding this limit, you may want to keep your foreign … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , | Leave a comment

Tax Tips Accountant at Woodbridge

Posted on July 26, 2012 by Ontime Accounting

Both spouses/common-law partners must file an income tax return in order to receive the CCTB. Income earned from benefit payments invested in the child’s name will not be attributed back to the parents by Tax Accountant at Woodbrige. Obtain the benefit … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , , | Leave a comment

Tax Tips by Accountant in Caledon

Posted on April 13, 2012 by Ontime Accounting

A capital loss on shares of a company listed on the former  Canadian Dealing Network, now Tier 3 of the Canadian Venture  Exchange (CDNX), might qualify for ABIL treatment if you can establish  that the company has not elected to be … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , , | Leave a comment

Tax Tips by Accountant at Brampton

Posted on March 4, 2012 by Ontime Accounting

Deduction of land improvement costs (e.g., tile drainage) may be partially or completely deferred to a subsequent taxation year by Tax Accountant in Brampton. If you are a farmer using the cash method of accounting, note that when an expense is paid using a … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , | Leave a comment

TAX CHECKLIST BY TAX ACCOUNTANT IN WOODBRIDGE

Posted on February 18, 2012 by Ontime Accounting

  GENERAL ITEMS A copy of last year’s return, including spouse’s return if not being processed together Contact details if changed 2011 Notice of Assessment Other years’ reassessments Details of changes to your personal status such as dates of marriage, … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , | Leave a comment

Tax Tips by Accountant at Vaughan

Posted on February 3, 2012 by Ontime Accounting

A severance amount paid to a spouse or common-law partner as a result of working in a family business such as farming may qualify as a retiring allowance regardless of past remuneration, provided  an employer/employee relationship existed over that period … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , | Leave a comment

Tax Tips by Accountant in GTA

Posted on January 14, 2012 by Ontime Accounting

The payment of accumulated sick leave credits may qualify as a retiring allowance if such payment is made in recognition of long service or in respect of the loss of an office or employment. The CRA takes the position that private … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , , , | Leave a comment

Tax Tips Accountant at Brampton

Posted on December 28, 2011 by Ontime Accounting

A standby charge may not apply under certain,  well-defined, circumstances. If, for instance, the employer’s policy is to have an employee return the automobile to company premises when they embark on a business trip, the standby charge should be prorated … Continue reading →

Posted in Accountant, Accountant Bolton, Accountant Brampton, Accountant GTA, Accountant Mississauga, Accountant Vaughan, Accountant Woodbridge, Accountants, Accounting, Accounting & Taxes, Accounting Bolton, Accounting Brampton, accounting firms, Accounting Malton, Accounting Outsourcing, accounting service, Accounting Software, bookkeeper, Business Plan, Business registeration, Buying business, Canada Learning Bond, CLB, Company registration, Corporate Accountant, corporate tax, Corporation, CPP Brampton, Desi Accountant, Franchise business, Good Accountant, Grant, GST, HST, IFTA, Income tax, incorporating, Indian Accountant, Payroll, Payroll Accountant, Punjabi Accountant, RESP, RESP Brampton, Retirement Planning, Save Taxes, selling business, Setting up corporation, T4 Brampton, T4 Brampton on, T4 Brampton on, tax accountant, Tax Accountant Caledon, Tax Brampton, Tax Consultant, Tax Expert, Tax Preparer, taxation | Tagged , , , | Leave a comment