60d819985b43163504dc0c-mf96eo4rcq1mom0jyzo1uuz7b4r08znj7gsfufyb3g

Foreign Property, Foreign Corporations and Offshore Accounts

Do you own foreign property, a foreign corporation and/or offshore accounts? See below more information on the tax implications of owing foreign property. CRA is looking into Canadians with offshore accounts and foreign property. Ensure you are filing form T1135 – Foreign Income Verification Statement if you own any foreign property over $100,000. The maximum…

Details
2dzesu0

Small Business: How to pay yourself

Dividend or Salary As the owner of a Canadian small business corporation, you generally have two methods when it comes to paying yourself: Dividend – an investment return paid out of the corporation’s retained earnings Salary – an employment return paid out of the corporation’s net income The Canadian personal and corporate income tax structure is designed to…

Details
CPA-CGA-CMA-CA-Logos

CA, CGA, CMA, CPA?

Accounting is a world of acronyms. CA, CGA, CMA, CPA, what do they all mean? Jibe Accounting is here to help you understand ASAP, OK? As of January of 2013, Chartered Accountants (“CAs”) adopted the Chartered Professional Accountant (“CPA”) designation. The three accounting bodies in Canada, CA, Certified Management Accountants (“CMAs”), and Certified General Accountants…

Details