Billah Associates

LATEST ARTICLES ( 98 )

• What Is Departure Tax in Canada?

  Leaving Canada can be an exciting new chapter, whether you are moving for work, retirement, or personal reasons. However, before making the move, it’s crucial t... Read more

  Posted on 28 January 2025

• How to Deduct Meals and Entertainment in 2025

  Meals and entertainment (M E) expenses are often incurred by businesses, but they can be confusing to deduct. To ensure you’re maximizing your deductions, it’s... Read more

  Posted on 11 December 2024

• What is Climate Action Incentive Payment

  About Climate Action Incentive Payment (CAIP) / CCR The Climate Action Incentive Payment (CAIP) also known as the Canada Carbon Rebate (CCR) is a federal... Read more

  Posted on 22 November 2024

• Standard Tax Deductions for Small Business

  What are Standard Tax Deductions? Standard tax deductions for small businesses are the fees that the Canada Revenue Agency (CRA) permits businesses to deduct... Read more

  Posted on 15 October 2024

• Federal Vs. Provincial Corporate Taxes in Canada

  Understanding corporate taxes in Canada can be challenging, especially since businesses are subject to both federal and provincial taxes. Read more

  Posted on 23 September 2024

• What is Capital Gains Tax in Canada

  In Canada, the tax authorities apply capital gains tax to the profit earned from selling or disposing of capital property, such as real estate, stocks, or... Read more

  Posted on 16 September 2024

• Medical Expense Tax Credit (METC)

  Applying through your tax return, the Medical Expense Tax Credit (METC) is non-refundable. You can deduct it from the amount of taxes you owe, but it cannot... Read more

  Posted on 08 July 2024

• T2200 Form and Guidelines – Declaration of Conditions of Employment

  Work-From-Home Expenses: A Guide to the T2200 Form in Canada For many Canadians, working from home has become the new normal. While this flexibility offers... Read more

  Posted on 03 June 2024

• Canadian Dental Care Plan – Who is Eligible?

  What is the Canadian Dental Care Plan (CDCP)? The Canadian Dental Care Plan (CDCP) provides much-needed assistance for qualified Canadians without dental... Read more

  Posted on 14 May 2024

• Understanding Tax-Free Savings Account (TFSA)

  What is Tax-Free Savings Account (TFSA)? A Tax-Free Savings Account (TFSA) is a registered investment account that allows Canadian residents 18 years of age or... Read more

  Posted on 25 March 2024

• Second Additional Canada Pension Plan: Exploring Benefits and Considerations

  The Second Additional Canada Pension Plan (CPP), also known as CPP2, introduced in 2024. It enhances retirement income for Canadian citizens and residents who... Read more

  Posted on 28 February 2024

• OAP Canada: Learn About Old Age Pension Canada

  As individuals approach their golden years, financial stability becomes a paramount concern. Canada’s social security system includes the Old Age Pension (OAP... Read more

  Posted on 19 January 2024

• Artificial Intelligence in Accounting & Finance

  Artificial Intelligence (AI) is revolutionizing various industries, including accounting and finance. AI in accounting refers to the use of intelligent... Read more

  Posted on 23 November 2023

• Auditing Essentials: Ensuring Financial Compliance for Businesses

  In today’s dynamic and highly regulated business landscape, maintaining financial compliance is crucial for businesses of all sizes. One of the key tools for... Read more

  Posted on 26 September 2023

• What is Cloud Accounting for Business?

  

  Many people may believe that the word “Cloud” has been overused and is now a touch stale. The cloud has, in fact, never been more important for SMBs,... Read more

  Posted on 23 August 2023

• Accounting Services: Their Long-Term Effects on Your Bottom Line

  Discover the long-term effects of professional accounting services and how they can positively impact your business’s financial health. Read more

  Posted on 02 August 2023

• Bookkeeping Basics: An Overview of Essential Accounting Principles for Small...

  Running a small business involves several task and responsibilities. But one aspect that should never be overlooked is bookkeeping. Read more

  Posted on 19 July 2023

• Common Accounting Mistakes and How to Avoid Them

  Even in well-organized accounting departments, errors still occur. Despite everyone’s best efforts, errors can—and frequently do—find their way into accounting... Read more

  Posted on 28 June 2023

• Tax Savings with a Personal Tax Accountant

  Utilizing deductions and credits while strategically scheduling income and spending can help you lower your tax obligation. Income tax planning entails examinin... Read more

  Posted on 29 May 2023

• Role of Bookkeeping in Tax Planning and Preparation

  Know How Bookkeeping Helps with Tax Planning and Preparation Bookkeeping also plays a important role in tax planning and preparation. Read more

  Posted on 24 May 2023