Tag: cpa

9 Questions You Need to Ask Before Hiring a Small Business Accountant

On By Toronto's Small Business AccountantIn Accounting

Hiring the right accountant Toronto for you and your small business is not that simple, so here are some questions you should ask that are critical to finding the right fit for you... Do you have an accounting designation? Do you have a legacy designation, if so, which one? (CA, CMA or CGA - I …

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What is a Section 85 Rollover and Why You Might Need It

On By Toronto's Small Business AccountantIn Accounting, Tax

One of the most common tax planning tools use by accountants, but fairly unknown by anyone outside of the industry is the S. 85 rollover. The S. 85 rollover allows an eligible transferor and transferee to jointly elect to move assets or property on a tax free basis. The transfer would be done at an …

Continue reading What is a Section 85 Rollover and Why You Might Need It