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Category: Update

How to open Liechtenstein bank account

Posted on 10/17/202410/17/2024 By cpb No Comments on How to open Liechtenstein bank account

Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…

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Update

The Best Open-Source Bookkeeping Software

Posted on 10/05/202410/05/2024 By cpb No Comments on The Best Open-Source Bookkeeping Software

What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…

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Update

Guide for Canadians Applying for Japan’s Digital Nomad Visa

Posted on 06/12/202406/12/2024 By cpb No Comments on Guide for Canadians Applying for Japan’s Digital Nomad Visa

Qualified Canadians who love Japanese culture or wish to leave Canada can now apply for Japan’s newly introduced digital nomad visa. Following Indonesia, Portugal, Spain, and Italy, Japan has become the latest country to launch such a visa, allowing foreigners to live and work remotely with their spouses and children for six months. Earlier this…

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Update

Open banking could be coming to Canada. Here’s what you need to know

Posted on 03/28/202403/28/2024 By cpb No Comments on Open banking could be coming to Canada. Here’s what you need to know

Big changes could be coming to Canada’s banking system, creating new opportunities for Canadians to control and streamline how they manage their money, but also giving rise to new cybersecurity needs. Here’s a look at what open banking, a set of financial policies adopted abroad and proposed for as soon as next year by the…

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Update

Allowable Business Investment Loss (ABIL)

Posted on 03/08/202403/08/2024 By cpb No Comments on Allowable Business Investment Loss (ABIL)

A business investment loss (BIL) arises on the sale or other disposition, at a loss, of: An ABIL is equal to 50% of a taxpayer’s BIL (that is, an ABIL is equal to 50% of the ACB of the share, or the principal amount of the debt, minus any proceeds received on the disposition). The…

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Update

Is it worth get the CFA ESG?

Posted on 03/06/202403/12/2024 By cpb No Comments on Is it worth get the CFA ESG?

The topic of ESG has recently become very popular, and there are numerous qualifications and certificates related to ESG. Those who are interested in ESG certificates must have come across many introductions on various platforms about ESG, sustainable development, green themes, and more. ESG is a relatively new concept, and everyone is exploring it, but…

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Update

2023 Tax Season – the key updates2023 Tax Season

Posted on 02/04/202403/05/2024 By cpb No Comments on 2023 Tax Season – the key updates2023 Tax Season

Greetings during the 2023 tax season! We’d like to gently remind you of the following important update.

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Update

The Canadian government has announced a deficit increase from 200 million to 15.1 billion over the span of seven months

Posted on 12/23/202312/23/2023 By cpb No Comments on The Canadian government has announced a deficit increase from 200 million to 15.1 billion over the span of seven months

The federal government’s budget deficit during the period from April to October this year amounted to 15.1 billion. In October alone, it reached 7 billion, while for the same seven months last year, the deficit was 200 million. The Federal Ministry of Finance stated in its monthly fiscal monitoring that the budget deficit of the…

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Update

2024 CPP & EI Rates update

Posted on 12/08/202312/08/2023 By cpb No Comments on 2024 CPP & EI Rates update

Get ready, starting from next month, your net income will decrease due to increased taxes! The treatment of the Canada Pension Plan (CPP) on the personal income tax return has changed since 2019. This means that, in the case of a regular maximum contribution of $3,867.50, $631.00 will be deductible on the T1 (rather than…

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Bookkeeping, Update

Small businesses call for CEBA loan extension as repayment deadline approaches

Posted on 11/08/202311/08/2023 By cpb No Comments on Small businesses call for CEBA loan extension as repayment deadline approaches

As the deadline to repay pandemic loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year. Nearly 900,000 organizations applied for and received a Canada Emergency Business Account loan during the COVID-19 pandemic. The federal program offered up to $60,000 in interest-free…

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Update

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