IBookkeeper.ca

01/30/2025

So, CRA gives it's website a facelift. I love it! All my CRA accounts accessible from one page. Smart. However, as a I'm in the process of uploading Summaries for my payroll clients. Prior years I'd use 'Rep a client' and upload the xml file. Since the update, I'm receiving the error 'We are unable to process your submission because the transmitter CRA account number given in the attached T619 electronic transmittal record does not match the account number you used to sign in'. Frustrating!! To solve I had to get a WAC for each individual payroll client & upload using CRA Internet file transfer. Just sayin' Love the update, but the glitches I could live without :)

01/07/2025

A good idea in my humble opinion...

Many countries have already pursued full-scale . In nearly 30 countries, the tax authorities provide residents with a prefilled tax return, which includes a preliminary tax liability assessment. Taxpayers can then review and modify the information on their tax return, if needed, before submitting it.

Currently, the offers 'Let us help you get your benefits'. Credit and benefit short return form.
https://www.canada.ca/en/revenue-agency/services/indigenous-peoples/credit-benefit-short-return.html

12/20/2024

Taking the 3 1/2-month H&R Block T1 (Federal Income Tax) tax course was much more than I expected. They do it 'old school' so I had the opportunity to really get an understanding of how the tax system works outside of using tax software... from the 'ground up' one could say. The end result ... certified as a T1 (Federal Income Tax) Tax Preparer!

12/17/2024

The Working Canadians Rebate
I've heard very little about this so far, and again, it appears to be another poorly thought-out measure by our current government. In essence it proposes to provide a -free $250 rebate to each Canadian who worked in 2023 and earned $150,000 or less individual net income, and meets the following requirements...
https://www.canada.ca/en/department-finance/news/2024/11/more-money-in-your-pocket-the-working-canadians-rebate.html

11/27/2024

I really hope it helps, but I'm doubtful. It's going to be a nightmare from a bookkeeping and small retail business owner's perspective.

Minister Steven Guilbeault highlights the government’s for all Canadians and new Working Canadians Benefit

https://www.canada.ca/en/environment-climate-change/news/2024/11/minister-steven-guilbeault-highlights-the-governments-tax-break-for-all-canadians-and-new-working-canadians-benefit.html

11/16/2024

Sheila Fraser on the state of the profession

The accomplished has recently won a global leadership award and we sat down with her on the importance of the CPA designation, the importance of the national body and our role as ‘trusted guardian

https://www.cpacanada.ca/news/accounting/the-profession/sheila-fraser

11/08/2024

B.C. school district makes further cuts in wake of $2.2M accounting error

The Kamloops-Thompson School District has made further cuts, including staff reductions, to address a budget deficit of more than $2 million caused by an error.

The Kamloops School District has made further cuts, including staff reductions, as it faces a budget deficit of more than $2 million from the 2023-24 school year.

10/30/2024

Hello World. It's been a while... I've been working away. I just had to share my frustration.... Tens of thousands of accounts as repeatedly paid out millions in .
https://www.cbc.ca/news/canada/canada-revenue-agency-taxpayer-accounts-hacked-1.7363440