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Bookkeeping / Main Pages

Essential Steps for Effective Bank Reconciliation

Bank reconciliation is a crucial bookkeeping task that ensures your accounting records align with your bank statements. Reconciling your accounts regularly helps identify errors, detect fraud, and maintain accurate financial records. This post outlines the steps involved in performing a bank reconciliation manually, with references to how this process works in QuickBooks Online (QBO), QuickBooks Desktop, and Xero. What Is…

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June 20, 2025
Business / General Business / Main Pages / Newsletters / Personal Finance / Tax Planning / Tax Tips

Newsletter – Financial Relief For Canadians

This newsletter has been prepared to provide an overview of the tax measures and assistance available to businesses and families in the midst of the Covid-19 pandemic. A copy of this newsletter can be downloaded here. It is a concise summary of the measures announced up to and included Wednesday April 9, 2020. Discussed in the newsletter: Filing deadline and…

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April 9, 2020
Business / Corporations / Executors / Main Pages / Newsletters / Tax Tips / US Taxes

Q4 2014 Tax Tips & Traps Newsletter

The 2014 4rd quarter edition of tax Tips and Traps is out! In this edition: Tax ticklers – Quick points to consider Small Business Job Credit CRA Liaison Office Initiative Principal Residence – Partial conversion to an office Tax Payments – Online Collections Options – When you owe the CRA and can’t pay Estate Planning – Digital assets Registered Charities…

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November 12, 2014
Main Pages / Non-Residents / US Taxes

U.S. Citizens – Tax Filing Obligations

Many American citizens and other “U.S. persons” in Canada are unaware and even surprised to find they have to file income tax returns, report their bank accounts and make other disclosures to the IRS in addition to the Canadian filings. The United States requires that all citizens file a U.S. income tax return and report worldwide income. The net broadens…

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September 30, 2014