Resources and Links You Can Use
2024 Personal Income Tax Checklist
A helpful checklist to help you gather your essential paperwork.
DownloadLinks to Canadian Universities
Missing a T2200? Use these links to help Junior find and download this form.
DownloadBusiness Summary Spreadsheet
If you already have your income and expenses added up, drop them in here
DownloadBusiness Bookkeeping Monthly Template
An easy to use bookkeeping template allows you to summarize your monthly expenses
DownloadRental Statement Summary T776
Use this handy spreadsheet to summarize your Rental Income and Expenses for each property.
DownloadAnswers to Frequently Asked Questions
What is a Balance Sheet?
Understanding the Balance Sheet
Unlock the secrets of financial stability and growth with our deep dive into Balance Sheet Fundamentals. Get ready to turn the page on financial uncertainty and step into a world of clarity and opportunity
Identifying Toxic Clients
Identifying these toxic clients early is akin to spotting a storm on the horizon – it's essential for protecting your business and maintaining your sanity. Remember, not all money is good money if it costs you your peace of mind.
TFSA and RRSP fundamentals
When it comes to securing your financial future in Canada, two powerful vehicles stand out: the Tax-Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Whether you’re saving for a dream vacation, a home, or a comfortable retirement, understanding and utilizing these accounts can lead to significant financial benefits.
RDSP Basics
Understand the basics principals of what is an RDSP and how does it work for you.
Proprietorship vs Corporations
Whether you're a budding entrepreneur dreaming of launching your own venture or a seasoned business owner contemplating a strategic shift, this video is tailored to shed light on these critical distinctions.
Individual Pension Plans and Corporate Tax
These plans are not just savings accounts; they are meticulously designed vessels that navigate the complexities of investment, ensuring that your golden years are not just about survival, but about thriving.
Health Savings Plan
It's not just planning; it's empowering yourself with the freedom to live your life to the fullest, with peace of mind and health in hand.
Buying vs Leasing Vehicles
Buying company vehicles outright may promise the allure of ownership and the absence of mileage caps, making it an attractive option for businesses with significant capital and a long-term vision.
Taxation of Employment Benefits
n the ever-evolving landscape of employment law and tax codes, staying informed is non-negotiable. It's not just about the numbers; it's about making informed decisions that enhance your financial well-being. Empower yourself with the understanding of how these benefits interact with your taxes, and take control of your financial future.
Understanding the Income Statement
It reveals the heartbeat of an entity's economic activities, distinguishing the revenue earned from the expenses incurred to unveil the ultimate measure of profitability.
Why have a Business Plan?
Embarking on a business adventure without a plan is akin to setting sail without a compass; you might find yourself adrift in a sea of uncertainty.
Why have a will?
Let's talk about why crafting a will is not just a wise legal step, but a profound act of care for your family and friends. Join us as we explore the undeniable importance of having a will – because your legacy deserves to be preserved exactly as you envision it.
Why Choose Cloud Bookkeeping?
Welcome to the new era of business management, where online bookkeeping services are not just a choice, but a cornerstone of successful, forward-thinking enterprises. Platforms like Intuit Quickbooks Online, Xero, Sage and Zoho are great choices for Canadian SME.