Electronic Record Keeping Do you need to know more about electronic invoicing in Canada? Contact one of our e-invoicing specialists. EDICOM Group will use the personal data collected to answer questions/or manage the services requested. You may exercise your rights of access, rectification, oppositi...
Digital Marketing Agency | Proven Track Record 9thCO offers clients first-rate lead generation and finely tuned digital strategies for bespoke web design, internet marketing, and social. If you’re looking for data-focused strategy and creative solutions, you’ve found the right agency. Focused ...
Canada processes a record number of 2.6 lac visas in Nov Immigration Refugees and Citizenship Canada (IRCC) announced to begin the processing of a certain visitor visas through its immigration system. The goal of the strategy is to improve the service and to reduce waiting times. More than 260...
Recordkeeping: Thefederal mandate for recordkeepingis six years from the end of the tax year they relate to. Keep in mind, if your fiscal year is different from a calendar year, it’ll be six years from the end of the fiscal year. Employers mustkeep recordsof hours worked by each emplo...
While a full list of such measures has not been spelled out, Budget 2022 states that the measures will include the following: having a written agreement between the charity and the recipient containing terms and conditions of the grant, record keeping requirements, and a covenant to return funds...
In order to meet Canada Revenue Agency ("CRA") requirements and to support the Payroll Guarantee, Wave will retain payroll records and related data for a period of no less than 7 years. Our use of Personal Information, as well as our data handling and retention processes, is outlined in ...
Yes. The Canada Revenue Agency automatically receives an annual TFSA record on your behalf from the bank or credit union that issues your tax-free savings account. Do you have to claim TFSAs on your income tax return? No. You typically don’t need to claim anything TFSA-related on your ...
On June 22, 2023, new mandatory tax disclosure rules in the Income Tax Act (Canada) (the “ITA”) came into force, which expanded the scope of transactions that taxpayers, advisors and investors must report to the Canada Revenue Agency (the “CRA”). The mandatory disclosure rules encompass...
Keeping hold of your receipts and having a user-friendly software system to record them is essential. This is going to help to maximise the benefits of tax deductions for small business, Canada. FAQs on Small Business Tax Deductions How Much Is the Small Business Deduction in Canada?
Annual administration fees to the tune of about $50 can be charged for the behind-the-scenes work with record-keeping and reporting to the CRA. Some banks waive this fee if you have a minimum balance in your TFSA. TFSA transfer out fees. The majority of Canadian banks will charge you a...