Author: cpb

Filing a Dissolution Notice for Canadian Businesses: What You Need to Know

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Canadian businesses are required to submit a dissolution notice upon closure. Sole proprietorships and partnerships submit a form titled “Dissolution or Change of Proprietorship (or Partnership)” to the provincial Corporate Registry office, while corporations submit an “Application for (Voluntary) Dissolution” to the same office. Additionally, corporations must provide a copy of their corporate articles of…

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Bookkeeping, Business, Tax Tips

The Benefits of ERPNext for Small and Medium-Sized Enterprises (SMEs)

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Discover how ERPNext, an open-source enterprise resource planning (ERP) software, can help small and medium-sized enterprises streamline operations, enhance efficiency, and achieve sustainable growth. Learn how this software can centralize control, automate tasks, provide real-time financial data, optimize inventory levels, and seamlessly adapt to changing business requirements. With its comprehensive suite of features and user-friendly interface, ERPNext proves to be an indispensable asset for SMEs seeking long-term success in a competitive marketplace.

Bookkeeping, Business

Important Update on Potential CRA Strike

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As you may have heard, the CRA employees have voted in favor of a strike. At CPBCanada.org, we will be closely monitoring the situation and will be providing updates on our website. Please be assured that in the event of a strike, CPBCanada.org will continue to be available to provide you with reliable information for filing…

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Update

Rogers, Bell and Telus 5G band

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Not all cellular carriers use the same 5G frequency bands. They purchase licenses for exclusive rights to specific frequencies that align with their goals. Carriers: Low-Band 5G Freq: Mid-Band 5G Freq: High-Band 5G Freq: Bell Mobility TBD 1.7/2.1 GHz: Band 663.5 GHz: Band n78 TBD Rogers 600 MHz: Band n71 1.7/2.1 GHz: Band 662.5 GHz:…

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Update

What is the difference between eligible and non-eligible dividends?

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Eligible dividends vs non-eligible dividends Dividends from corporations usually show up on a T5 slip to be included in your personal taxes. T5 slips for dividends show the actual amount of dividends taken or declared, as well as a “grossed-up” amount and a dividend tax credit. The percentages used for the “gross-up” and the dividend…

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Update

A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)

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CRA announced that beginning in 2023, they will only provide Electronic Notice of Assessments and Reassessments for taxpayers. NO more mailing letters will be sent to your home but instead, they will just send a notification to your email, if any new updates is ready for you to view in My Account on the CRA…

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Bookkeeping, Update

Coast Capital $400 Free Chequing Account Signup Offer(BC Residents Only)

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Coast Capital is offering a $400 signup bonus to BC residents who open a chequing account, set up 1 direct deposit for for 3 consecutive months, and make 15 transactions* within 3 months of opening the account. There’s no monthly fee either. If you sign up with someone’s referral code they get a bonus, but…

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Banking, Business