Community of Professional Bookkeepers
On July 12, 2023, the Bank of Canada announced a 0.25 percentage point increase in the benchmark interest rate. This is the first time since April 2001 that Canada’s benchmark rate has reached 5%. Following Statistics Canada’s announcement last week of 60,000 new jobs added in June 2023, most economists believed that a rate hike…
In today’s rapidly evolving business landscape, the integration of digital technologies has transformed the field of accounting. As a result, professionals in this domain are required to possess a unique set of skills that go beyond traditional accounting practices. To address this need, the Certified Digital Accountant (CDA) certification has emerged as a valuable credential…
Read More “The Significance of Becoming a Certified Digital Accountant (CDA)” »
OCBC (Oversea-Chinese Banking Corporation) in Singapore allows for direct online account opening through the OCBC Digital app. The account opening process is simple and requires only a passport, identification card, and a mobile phone with NFC capability to read the passport chip. Applicants from both domestic and international addresses, as well as those with local…
Discover the evolution and importance of emotional intelligence for leaders in today’s work environment. Learn how to assess and develop this crucial skill.
Important notice for Square users processing high transaction volumes with debit payments: The favorable rate of $0.10 per $5,000 debit transaction, which previously had no monthly fees, will no longer be available for existing users starting from September 21, 2023. This change has already been implemented for new users. Card-present payments The cost to you…
Read More “Square has announced an increase in fees for Interac debit card transactions” »
Are you in search of dependable bookkeeping services to support your business? Like numerous entrepreneurs, you might find it difficult to know where to begin. When your passion lies in your business, but the intricacies of numbers become overwhelming and daunting, the expertise of competent and professional bookkeeping services can effortlessly manage your financial aspects….
Read More “Finding the Right Bookkeeper for Your Business” »
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…
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:…
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…
Read More “What is the difference between eligible and non-eligible dividends?” »
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…
Read More “A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)” »
