GTA Accounting Insights

How RRSP’s Can be a Great Investment for Canadians

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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Property Taxation in Ontario; How This Tax 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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The First-Time Home Buyer – What are the Options Available to Buy a Home in Canada?

Before you decide to buy your home in Canada, you need to ensure that you are aware of all the options available to you and you weight out each option. Your research should be primarily focused on comparing the benefits of Buying Vs. Renting. You should also ensure that you are financially strong enough to…
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How Can You Benefit From ‘Virtual Accounting Services’?

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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What Technological Tools are Available for Virtual Accounting Services?

Virtual accounting refers to all those services that an individual or an accounting firm offers online. The biggest benefit of moving from traditional accounting to the virtual environment is that you can access your financial records anytime, anywhere with a simple internet connection and a laptop. If you have decided to set up a virtual…
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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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