CPA4IT Professional Corporation 
Falling Short of Projections The latest report from the Parliamentary Budget Officer (PBO) reveals a significant shortfall in the expected revenue from the recent increase in capital gains tax implemented … Read more
1. Strong, Clear and Correctly Worded Written Contract • Written contracts have been given significant importance by Tax Court judges. • Landmark Wiebe Door tax court case criteria should be … Read more
The Office of the United States Trade Representative is committed to taking necessary measures to stop Canada’s new tax on large foreign digital services companies. This tax targets revenue earned … Read more
The Canada Revenue Agency (CRA) has escalated its approach towards independent contractors with recent communications. Initially, the CRA merely suggested that certain corporations might be classified as Personal Services Businesses … Read more
When it comes to purchasing a car, two of the most common questions we hear are: Let’s delve into these questions to help you make a more informed decision. Lease … Read more
Recently, the Canada Revenue Agency (CRA) has been sending out letters to independent contractors, suggesting that their operations might meet the criteria of Personal Services Businesses (PSBs). This implies that … Read more
In recent years, QuickBooks Online (QBO) has consistently increased its subscription prices, a trend that has stirred discussions among its user base. Here is a price comparison between 2020 & … Read more
It’s crucial for small business owners to be acutely aware of the modifications to the Canada Pension Plan (CPP) contributions in 2024. Understanding these changes is essential, not just for … Read more
Understanding Employee vs. Independent Contractor Status Overview of CRA Guidelines We begin by discussing the distinction between an employee and an independent contractor. The Canada Revenue Agency (CRA) provides a … Read more
Welcome to the treasure trove of tax strategies! With over 30 years of experience, we have been helping small business owners organize finances, create wealth, and transform wealth into a legacy. … Read more
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A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.
