LINKS

Business Registration

Canada Revenue Agency

Canada Pension Plan

E-services for Businesses

E-services for Individuals

Income Tax Folio Index

Office of the Taypayer’s Ombudsman

Old Age Security

Payroll Deductions Calculator

Protect yourself against Identity Theft

Quickbooks

Service Canada

Taxpayer Bill of Rights

WSIB

MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
Q&A

Q: What's the difference between a T4 Slip and a T4A Slip?

A: A T4 you receive when you work for someone as an employee, there has been deductions (CPP, EI and tax) on your gross income.
A T4A is typically when you work as a contractor and receive a bulk/lump sum payment. OR you are a retired employee receiving a pension.

Both T4 and T4s need to be filed by employers before February 28th.

#personaltaxes #questionandanswer #mqaccounting
MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
Sunday is the Chinese New Year!
2023 is the year of the Rabbit. πŸ‡
MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
You know the saying "good things, take time"?
This time of year our team is thin, and we are busy finishing up year-ends and preparing for personal income tax.
Please be patient as we may take longer to respond to emails or call you back.
We see the emails, I get the voicemails, and we will always respond.

Thank you very much for your patience 🧑

#thankyou #patience #mqaccounting #team #communication #clientcommunication
MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
Today is Blue Monday!
I don't take this day so literally, and make it a reflection of how good finances can be managed.
If you don't know the history of Blue Monday, usually it's the day your credit card statement(s) come in from the holidays 😲... and yes all those cards are mine.
It seems like a lot but it organizes my finances, personal and business, and each card has a purpose. πŸ’³

Some tips for credit card debt:
1. Pay off loans with smaller balances first #SmallWin
2. Pay off higher interest loans, so you aren't paying more in the long run
3. Consolidate loans - transfer high interest credit card debt to a line of credit.
4. Budget, ideally you have the funds to pay off your credit card every month.
5. Stick to your financial plan- payments and savings

Our best advice is to reach out to a good financial advisor. πŸ’°

Now look at that, we just turned Blue Monday into a Happy Monday!β˜€οΈ

#bluemonday #creditcarddebt #finances #mqaccounting #personalfinances #budgeting #money #management #accounting #cashflow
MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
The annual TFSA limit for 2023 is $6,500
TFSA is a great vehicle for savings or investing.
TFSA is 'tax free' so there is no impact on your tax filings.
#tfsalimit #canadarevenueagency #mqaccounting #tfsa #savings #investments #planning #money #budget
MQ Accounting Professional Corporation
MQ Accounting Professional Corporation
Who's happy to be back at the grind? πŸ™‹β€β™€οΈπŸ€“
We are back in the (virtual) office this week 9am - 4pm

How were the holidays?

#backtowork #mqaccounting #holidaysareover #grind #working #accountingfirm