CPB Canada

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

05/11/202208/30/2022 cpb No Comments

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….

Update

BC Sick Days: What you need to know

04/13/202204/15/2022 cpb No Comments

On November 24, 2021, the British Columbia government announced that as of January 1, 2022, all employees who fall under the Employment Standards Act will be entitled to 5 employer-paid sick days per year. Which employees are eligible?The paid sick leave provision applies to all employees covered by the Employment Standards Act, including part-time, temporary,…

Bookkeeping

US Government Plans to Admire the Problem of Regulating Cryptocurrency

03/10/202203/11/2022 cpb No Comments

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…

Update

Working Remotely Could Impact Your Taxes

02/26/202202/26/2022 cpb No Comments

When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a province other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more offices continue to work remotely with no back-to-office dates in sight. If…

Tax Tips

What Is a T4A Canadian Tax Form?

02/21/202202/21/2022 cpb No Comments

T4A, we are talking about T4A Statement of Pension, Retirement, Annuity, and Other Income, not T4A(P) – Statement of Canada Pension Plan Benefits,or T4A(OAS) – Statement of Old Age Security or T4A-RCA Statement of Distributions from a Retirement Compensation Arrangement. A T4A slip is a Canada Revenue Agency (CRA) form that summarizes all compensation your…

Tax Tips

It is time to say goodbye – The End of Free Google Business emails

02/03/202210/22/2022 cpb No Comments

No sure if you received an email from Google, regarding Google Suite Legacy Free plan will be end at July 1, 2022. It is sad, but it is time to say goodbye. But the next question is whats your choice? upgrade to paid plan, the cost would be $7.80 CAD/month/user. This cost could be huge…

FinTech, Tax Tips

Crypto (Bitcoin) Friendly Banks in US, Canada

01/28/202202/21/2022 cpb No Comments

BankProv BankProv is one of the best crypto-friendly banks that offers full-service USD banking products for crypto natives and related businesses. The 10th oldest bank in the US, BankProv recently entered into the crypto space and offers fully-insured USD backing solutions for crypto businesses, custom API banking solutions, secure cash vault services for BTM operators, and…

Bookkeeping

Keep your workspace safe: Free COVID19 self-test kits

01/19/202202/21/2022 cpb No Comments

The federal government officially launched the website for Canadian business to order free COVID test kits. The organisation with 10 more employees eligible to apply it. COVID-19 rapid testing and screening in workplaces: Get free rapid tests There is two way to order COVID 19 self-test kits: If your organization has employees over 200, you could…

History, Technology

Why Bookkeepers Should Get Certified

01/16/202201/16/2022 cpb No Comments

1. An affirmation of self-ability 2. You can better prove your ability to customers 3. Be your motivation for continued learning and self-improvement. 4. Makes it Easier For Clients to Find You

Update

The Difference Between Bookkeeper and Accountant

07/15/202101/19/2022 cpb 1 Comment

We alway talk about bookkeeper and accountant, and do you know what make it different? The function of bookkeeper Bookkeeper’s work is bookkeeping. Bookkeeping is the process of recording daily transactions in a consistent way, and is a key component to gathering the financial information needed to run a successful business. Bookkeeping is comprised of:…

Update