We have seen the tax function shifting from paper to software. Manual calculations, paper mail, and even excel spreadsheets have become obsolete. In the past few years, the accounting and tax functions have started moving digital. We saw more online collaboration and the use of drives to store important data.

Consumer preferences are changing with newer buying habits with the adoption of newer technologies. It’s no different when it comes to choosing a payment method for online, in-store, or offline payment options.

As a fresh graduate, saving for the future can be hard to envision. But being money-wise in these earlier years can have exponential pay-offs in your later years. According to experts, avoiding several spending traps when you're early in your career can help set you up for a more stable financial future.

You filed your return on time, but now you have received a letter from the Canada Revenue Agency (CRA) asking for more info about the return. Should you be concerned? Not necessarily. As long as you have kept the information the CRA needs to review, the process can be smooth and headache free. Here’s what you need to know.

The Canada Revenue Agency (CRA) has accumulated more than $1 billion over the past 20 years in uncashed cheques issued to taxpayers. Find out how to access your account and never miss a payment again.

As employees return to the workplace, there are many questions around the legal ground rules for employers. Adding to the challenge is the fact that there are few, if any, legal precedents to guide organizations in these unprecedented times. “There’s not a lot of clarity at this point,” says Emily Siu, a lawyer at the SpringLaw employment law firm in Toronto. Here are three key issues keeping employers up at night.

Shrinkflation – a term used to describe the practice of selling products with less quantity or volume at the same price by reducing their size or packaging – is having an impact on store shelves.

Those retirement savings you’ve squirreled away have to last for an unknown amount of time. But that doesn’t mean you have to give up on dreams of enjoying new experiences. Here are some ways you can stretch every dollar of those savings.

For people currently renting or considering renting a portion of the home they own, the tax considerations can be complex and the fallout costly if you don’t do it right. In fact, earning income from renting a portion of your home can be subject to different rules and reporting requirements to the Canada Revenue Agency.

With much of Canada returning to a modified lockdown due to the spread of the Omicron variant of COVID-19, the federal government has enhanced and extended some of its support programs for individuals and businesses.

Meeting regularly with a CPA to establish and maintain a good framework is just one of the ways to set yourself up for success.

Loaning money to a friend or child may be well-intentioned, but it’s important to consider all the implications, especially in the current context, experts suggest.

For many Canadians, property ownership is a lifelong dream. Sadly, real-estate scams are commonplace, and it could get worse with the COVID-19 pandemic.

The past two years have seen a dramatic transformation in the education sector, with a massive shift to online learning (30 per cent of the school calendar between March 2020 and March 2022), extended school closures in some provinces and disruption of extracurricular activities.

All indications are that grocery is poised to become a massive online battleground, and recent years have seen companies across the entire food service space scrambling to grab a piece of a market valued at $3.6 billion pre-pandemic. They range from the traditional grocery giants to category upstarts like Uber and the “OG” of pure-play online grocery services, Instacart.

In The Housing Headache study*, 53 per cent of those polled owned a home, while 45 per cent rented or leased. Of those currently renting or leasing, half (50%) think it is unlikely that they will purchase a home in the future. “Home ownership remains a priority for many yet what it takes to get there is becoming increasingly challenging,” says Doretta Thompson, CPA Canada’s financial literacy leader.

Inflation is based on the Consumer Price Index, Brassard explains. “Statistics Canada tracks an average basket of goods and services that people buy and estimates how the price of that basket fluctuates over time.”

Before granting an employee’s request to telework from another country, employers need to ensure the organization is meeting all its obligations.

Many companies and businesses hire the services of these accountants because they have been certified. Whether you have some little accounting skills from high school or you’ve just learned a few things about business accounting online, you need the guidance and advice of a licensed public accountant. They’ll analyze your business based on the information you’ll give them and give your detailed feedback on what to expect in a couple of months or years.

Taxes and other fees can take a big dent out of your assets when you die. So, consider using insurance and other vehicles in your estate planning.