CPB Canada

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

02/27/202303/25/2023 cpb No Comments

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…

Update

How to Prepare a T5 Slip

02/17/202302/17/2023 cpb No Comments

A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). In order to prepare a T5 slip, you must follow steps below. What is a T5 Slip? A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). Preparing a T5 Slip In order to prepare a T5 slip, you…

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Tax Tips

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

02/09/202302/09/2023 cpb No Comments

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…

Bookkeeping, Update

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

02/03/202302/03/2023 cpb No Comments

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…

Banking, Business

How to Change Delaware Registered Agents

02/01/202302/01/2023 cpb No Comments

How to Appoint Us as Your Registered Agent in Delaware It is super easy and simple to change registered agents in Delaware. If you are paying your current DE registered agent a lot of money, you can easily change to us and it will only cost you our $45 a year service fee. Steps to…

Business

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

10/25/202202/01/2023 cpb No Comments

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…

Bookkeeping, Update

How to cancel Quickbooks

10/22/202210/22/2022 cpb No Comments

Quickbooks, developed and owned by Intuit, is one of the most popular small business accounting apps available. We also recommend this software before. Millions of small businesses use Quickbooks in across the US and Canada, but that doesn’t mean they’re all happy. In fact, quite a few have already cancelled. And if you’re thinking similar…

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Bookkeeping, Technology

Great Free Email Providers for Your Business

10/09/202210/22/2022 cpb 1 Comment

Email is vital for business. Even if you don’t rely on email to communicate inside the office, it’s your primary means of communication with your customers. Order status updates, back-in-stock notifications, shipping updates and more are all most efficiently managed through email.

Business

LLCs for Canadians is a good idea?

09/10/202210/09/2022 cpb 1 Comment

A limited liability company (“LLC”) is a common type of entity used by U.S. persons investing in or operating a business in Canada. While it may not be optimal many Canadians use LLC’s to invest in or operate a business in the United States. LLC’s can be created in a number of States and may…

Business, Tax Tips

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

09/01/202209/02/2022 cpb No Comments

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….

Update