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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

MacNeill Edmundson Professional Corporation

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MacNeill Edmundson Professional Corporation

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09/01/2026

What is an Adjusted Cost Base (ACB)?

Your Adjusted Cost Base (ACB) is generally what you paid for an investment or property, plus or minus certain adjustments over time. When you sell, it's used to determine your capital gain or capital loss for tax purposes.

Understanding your ACB is important because accurate records can help ensure you're reporting the correct amount at tax time.

Have questions about investments or capital gains? The team at ME is here to help.

08/28/2026

Good record keeping doesn't just make financials and tax prepararation easier. It can also protect you if the CRA ever asks for supporting documentation.

The general rule is that individuals and businesses should keep their tax records and supporting documents for at least six years after the end of the relevant tax year. However, some documents should be retained indefinitely.

Need help keeping your records tax ready? The team at ME is here to help.

08/25/2026

Starting a business is exciting, but building strong financial habits early can make a big difference down the road.

Here are a few tips to help set your business up for success:
- Keep your personal and business finances separate.
- Track every business expense, no matter how small.
- Set aside money throughout the year for taxes.
- Review your financial reports regularly to understand how your business is performing.
- Keep your receipts and financial records organized.
- Don't be afraid to ask your accountant questions before making major business decisions.

Good accounting isn't just about staying organized. It's about making confident decisions that support long-term growth.

At ME, we're here to help you build a strong financial foundation from day one.

08/23/2026

Behind every successful business is a team of trusted advisors.

At ME, we're more than accountants. We're partners in your success, providing the insight, guidance, and support you need to make confident financial decisions at every stage of your journey.

Whether you're starting a business, planning for growth, or preparing for the future, our team is here to help you move forward with confidence.

08/21/2026

Tax credits and tax deductions are often confused, but they work in different ways.

- Tax deductions lower your taxable income before your tax is calculated.
- Tax credits reduce the amount of tax you owe after it's been calculated.

Understanding the difference can help you take advantage of every tax saving opportunity available to you.

Have questions about which credits or deductions apply to your situation? The team at ME is here to help.

08/19/2026

Confidence in business doesn't come from guesswork. It comes from understanding your numbers.

When you have a clear picture of your financial health, you're better equipped to make informed decisions, seize new opportunities, and plan for sustainable growth. Financial clarity gives you the confidence to move forward with purpose, knowing your decisions are backed by insight, not uncertainty.

08/18/2026

We’re proud to have participated in the Advocate Connections Bottle Drive, collecting bottles and cans to help support a great cause!

Thank you to everyone who contributed and helped make a difference. Every bottle and can collected helps support our community. 💙

We’re always happy to come together as a team and give back where we can!

08/15/2026

Your accountant should do more than prepare your corporate tax return. They should be a trusted advisor who helps you make informed decisions throughout the year.

Whether you're planning for growth, managing cash flow, investing in your business, or navigating new opportunities, having the right financial guidance can make all the difference. The strongest business strategies are built on clear financial insight and proactive planning.

08/12/2026

A common misconception is that if you move into a higher tax bracket, all of your income is taxed at that higher rate. In reality, your marginal tax rate only applies to the last portion of your taxable income that falls within that bracket.

Understanding your marginal tax rate can help you make informed financial decisions, whether you're planning investments, considering additional income, or preparing for tax season.

Have questions about how tax brackets work? The team at ME is here to help you understand the numbers and make confident financial decisions.

08/04/2026

Tax Tip Tuesday

Keeping your personal and business expenses separate is one of the simplest ways to stay organized and avoid unnecessary headaches.

Using dedicated business bank accounts and credit cards makes bookkeeping more efficient, simplifies tax preparation, and provides a clearer picture of your business's financial health. It also helps ensure your records are accurate if you ever need to support your expenses.

A little organization today can save valuable time tomorrow.

Address

82 Wellington Street
London, ON
N6B2K3

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://www.MEcpa.ca/

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