how rrsp area a great investment for canaidans

A Registered Retirement Savings Plan (RRSP) is one of the great tools for Canadians to save money for their retirement life. Investment in RRSP is considered as ‘tax-deferred’ which means that your money is only taxed when you withdraw it. For most Canadians, RRSP is not only an investment tool but you can also minimize…

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how property tax in ontario is calculated

Property tax raises revenue to fund different municipalities of the local government. Almost 25 percent of the property tax revenue is used to fund education in Ontario. As there are many responsibilities of the municipal finance department, certainly property taxation is one of the most important – not the least. The reason being that it…

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virtual accounting services toronto

Virtual accounting, online accounting, e-accounting, and cloud accounting are some of the modern names of accounting that are used interchangeably. Every accounting function that a traditional accountant used to perform in a brick-and-mortar office is now performed remotely with greater efficiency and effectiveness. There are many reasons why Canadian corporations are willing to partner with…

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Advantages of hiring a virtual accountant

‘Virtual Accounting’ is an emerging trend that allows qualified accountants to offer various accounting services remotely. Most of the Canadian businesses who are engaged with virtual accountants are taking advantage of their efficiency, flexibility, and cost-effectiveness. If you are self-employed or run a small business in Canada and cannot manage your accounting & bookkeeping tasks…

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quickbooks recurring invoices

There are many QuickBooks features that you can use to automate your accounting tasks. If you need to invoice your customers on a regular basis, you should use one of the powerful features of QuickBooks i.e. Recurring invoice. This feature can give your customers all the details such as invoice due date, invoice amount, and…

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Why corporations are switching to cloud accounting

The concept of ‘Cloud Accounting’ has evolved due to excessive reliance on virtual reality and the desire to digitize businesses. The widespread of internet-based applications have given birth to cloud accounting. Most of the Canadian corporations are moving their traditional accounting functions to the cloud. They are looking for more in-depth insights into various cloud…

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how to hire a bookkeeping service

Bookkeeping is an essential element of the overall accounting system and if you get the right person and processes in place, you will get the right financial information in a timely matter that will help you to make accurate and timely decisions. what essential things you need to look for when hiring a bookkeeping service?…

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Top 15 tips for quickbooks

QuickBooks accounting software is the most reliable tool for small & medium enterprises which can help businesses to simplify their finances. The software has a complete and powerful tool for bookkeeping and accounting services. It can handle customer invoices, vendor bills, and business taxes more efficiently. We have highlighted the top 15 helpful tips on…

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