The Accounting Place announces today that it has been acquired by the Toronto-based investment management firm R N Croft Financial Services.
Effective January 1, 2019 Canadian Controlled Private Corporations (CCPC) who earn Passive Income are subject to new legislation which results in an increase in the amount of income taxes paid by the corporation. While there has been much discussion regarding these changes, they are now in place. As with all taxation, planning becomes of the utmost importance to ensure that you do not pay one nickel more in taxes than is absolutely necessary under the legislation.
The Accounting Place has fully implemented a secure file document transfer system to allow us to send you documents and for you to send us documents – all securely and unique to your file.
In order to assist you, our client in staying up to date on all the changes, programs and benefits that may be available to you while the various Governments put in place measures to assist everyone, we have outlined the information below as it affects your taxes, finances and businesses.
In light of the current coronavirus (COVID-19) situation, new and existing clientele may feel hesitant about visiting our office. In order to provide piece of mind, while still assisting our clients in their tax filing obligations, The Accounting Place has set up a format and procedure for providing our services completely electronically.
The terms “Tax Deduction” and “Tax Credit” sometimes seem to get thrown around as if they’re interchangeable, but that’s not really the case. What is the difference between a “Deduction” and a “Credit”?