Quick Tips: CRA: How to Find Date of Entry (For Newly Landed Immigrants)
In this video Arielle from Fix My Books will be teaching you how to find out your Date of Entry as a newly landed immigrant.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: 5 Important Things to do After Tax Season for Business Owners
Tax season may be over, but your responsibilities haven’t ended just yet. Here are some of the best tips for keeping taxes a priority for your 365 days a year…
Quick Tips: Canada Business Number vs GST Number vs Corporation Number
In this video Arielle from Fix My Books will be teaching you what the differences are between a Canada Business Number, GST number and Corporation number.
Ownr Discount Code: https://partners.ownr.co/n7amjwp1phfn
https://help.ownr.co/en/articles/1157551-business-number-v-corporation-number
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/register.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Is Outsourcing the RightOption to Grow Your Business?
Outsourcing helps you abandon the mindset of "I can do it all myself" and offload boring back-office tasks and hand them over to professionals with better expertise and reasonable costs. Before outsourcing, consider…
How To: Calculate RRSP Contribution Limit
In this video Arielle from Fix My Books will be showing you how to calculate your RRSP contribution limit and how to find your RRSP Contribution limit (without any calculations).
RRSP Contribution limit calculator: https://www.ratehub.ca/investing/rrsp-contribution-limit
How is your RRSP deduction limit calculated: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/contributions-affect-your-rrsp-prpp-deduction-limit.html
CRA Worksheet on how to calculate earned income: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html#stp_2chrt_3
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: 5 Financial Reports You Should Track for Your Business
There are a number of financial reports that can give information on the business's past, current, and future financial state. The top five financial reports that every business owner has to regularly and yearly review to better understand the business's financial performance are listed below…
How To: Calculate Tax on Bonuses
In this video Arielle from Fix My Books will be showing you how to calculate how much taxes you will be paying on your bonus.
https://www.wealthsimple.com/en-ca/tool/tax-calculator
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: How long to keep records?
In this video Arielle from Fix My Books will be teaching you how long you should keep your records for.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/keeping-records/where-keep-your-records-long-request-permission-destroy-them-early.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: How To Conduct A Mid-Year Budget Review
With the midyear of 2023 quickly approaching, it’s a great time to perform a budget checkup to help evaluate how your business is performing and determine whether any adjustments should be made to ensure a successful year-end. Consider these key areas of your budget when conducting a midyear review…
How To: Build a Business Emergency Fund in 8 Steps
An emergency fund is an essential part of a solid financial plan. It can help you pay unexpected expenses and avoid taking on more debt from high-interest credit cards or loans. You can build up your business cash reserve account in several ways…
Quick Tips: CRA: When are corporate taxes due?
In this video Arielle from Fix My Books will be teaching you how to find out when your corporate tax payments are due. This is different from when your T2 corporate tax return is due.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-payments/paying-your-balance-corporation-tax.html#d_dy
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: Five Steps To Conduct a Mid-Year Financial Assessment
A mid-year financial assessment is the best way to evaluate whether or not you are on target to hit your goals. It’s also the perfect time to pivot if you’ve gotten off track. However, to point yourself back in the right direction, you have to know where you’re currently standing…
How To: Where to find your PD7A in Quickbooks Online (Canada)
In this video Arielle from Fix My Books will be showing you where to find the PD7A form in Quickbooks Online.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Four Tips for Spring Cleaning Your Bookkeeping
This time of year is an excellent time to analyze and manage all of your business accounts. Once all of your information for the previous year is filed away, take the time to do some spring cleaning in your books and in your back office as well.
Here are four tips for spring-cleaning your books and back office:
Quick Tips: CRA: When is my GST/HST Payment Due?
In this video Arielle from Fix My Books will be teaching you how to find out when your GST Payments are due.
CRA My Business Account Sign In: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Avoid These Common MistakesWhen Filing at the Last Minute
It's common practice for people to wait until the last minute to file their taxes.Rushing through the process increases the risk of making errors that would delay your tax return, add interest to any unpaid taxes, or result in an audit.Here are some tips to help you get your tax return in on time and error-free.…
Quick Tips: CRA: When are taxes due for Individuals?
In this video Arielle from Fix My Books will be teaching you when your taxes are due as an individual.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/important-dates-individuals.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: Get Invoices Paid Quicker
In most businesses, collections are made only when there’s a need to offset a pending bill. This is because collection calls are not only tedious but could also create tension with customers, thus jeopardizing the business’s future. Follow these tips to get clients to pay faster for your services…
How To: CRA: How long to get my refund? (How to check CRA Processing times for refunds)
In this video Arielle from Fix My Books will be showing you how to use the CRA processing times calculator and when to expect your refund.
https://www.canada.ca/en/revenue-agency/corporate/contact-information/check-cra-processing-times.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: CRA: When are Instalments required? How to calculate and pay Instalment payments.
In this video Arielle from Fix My Books will be showing you how to find out if you need to make instalment payments and how to calculate and pay Instalment payments.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t7b-corp/corporation-instalment-guide.html#D_y_nd
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!