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Category: Update

Square has announced an increase in fees for Interac debit card transactions

Posted on 07/04/202307/04/2023 By cpb No Comments on Square has announced an increase in fees for Interac debit card transactions

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…

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Update

Finding the Right Bookkeeper for Your Business

Posted on 06/05/202306/30/2023 By cpb No Comments on Finding the Right Bookkeeper for Your Business

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….

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Update

Important Update on Potential CRA Strike

Posted on 04/20/202304/20/2023 By cpb No Comments on Important Update on Potential CRA Strike

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

Posted on 03/26/202304/02/2023 By cpb No Comments on Rogers, Bell and Telus 5G band

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?

Posted on 02/27/202303/25/2023 By cpb No Comments on What is the difference between eligible and non-eligible dividends?

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)

Posted on 02/09/202302/09/2023 By cpb No Comments on A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)
A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)

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

You should know these latest Excel features—and the time they save

Posted on 10/25/202202/01/2023 By cpb No Comments on You should know these latest Excel features—and the time they save
You  should know these latest Excel features—and the time they save

Microsoft Excel has gone through a number of changes over the years. The most impactful changes have been around improvements Microsoft made to the cloud-based version that launched with Office 365,  At launch it was bare bones functionality. There have been a lot of improvements since then, allowing users to collaborate more efficiently and bringing it…

Read More “You should know these latest Excel features—and the time they save” »

Bookkeeping, Update

How to open a US business bank account as a foreigner.

Posted on 09/01/202209/02/2022 By cpb No Comments on How to open a US business bank account as a foreigner.
How to open a US business bank account as a foreigner.

If you’re a non US entrepreneur (with no Social Security Number) trying to process credit card payments with Stripe, receive Amazon payouts to a non-supported country, or running a US LLC need a US business bank account – here’s how I solved a few big pain points for myself & opened a US bank account….

Read More “How to open a US business bank account as a foreigner.” »

Update

What You Need to Know About the New Standard CSRS 4200 Compilation Engagements

Posted on 05/11/202208/30/2022 By cpb No Comments on What You Need to Know About the New Standard CSRS 4200 Compilation Engagements
What You Need to Know About the New Standard CSRS 4200 Compilation Engagements

Earlier this year, the Auditing and Assurance Standards Board (AASB) announced a new Canadian Standard on Related Services (CSRS). Known as CSRS 4200 compilation engagements, this new CSRS replaces: Compilation Engagements, Section 9200 or Notice to Reader Assurance and Related Services Guideline AuG-5, Compilation Engagements – Financial Statement Disclosures CSRS 4200 includes new performance and reporting requirements….

Read More “What You Need to Know About the New Standard CSRS 4200 Compilation Engagements” »

Update

US Government Plans to Admire the Problem of Regulating Cryptocurrency

Posted on 03/10/202203/11/2022 By cpb No Comments on US Government Plans to Admire the Problem of Regulating Cryptocurrency
US Government Plans to Admire the Problem of Regulating Cryptocurrency

The U.S. federal government is poised to plan to ask for money form a group to admire the problem of regulating cryptocurrency. That’s essentially what the news is about this morning.  Major news agencies splashed “regulation” and “cryptocurrency” over the headlines but if you read the articles, what they say is essentially as follows: Crypto…

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Update

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