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CAMPANELLA MCDONALD LLP

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small business tax accountants

What to Do If You Haven’t Filed Your Tax Returns

Life gets busy, and sometimes forgetting to file your tax returns can happen. However, not filing can become a serious problem, which means it’s necessary to take action immediately. The Canadian Revenue Agency will eventually prepare a tax return based on the information they have at hand. They have to ensure their debt will be […]

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business accountant

Are All Accountants Equal?

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accounting firms Burlington

What To Look For In An Accounting Firm

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accountant Burlington

Is Age Just A Number When It Comes To Choosing An Accountant?

Let’s say you’re 45 years old, you have two kids, you own a small business, and you’re searching for a new accountant. You’ve found two, both of whom you get on with and who have the same general qualifications. But one is 25 years old and one is 70 years old. Whom do you choose? […]

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business accountant

Are My Accountant's Errors My Problem?

Ever wonder if you’re on the hook if your accountant screws up? The short answer is no — the accountant’s errors are the accountant's problem. Any judge in an audit will recognize who was at fault and won’t hold you, the client, liable for a professional’s mistake. At the same time, ultimately any errors affect […]

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small business tax accountants

Financial Planning Tips For All Risk-Levels

Not everyone has the soul of a bungee jumper. Most of us have kids to feed, mortgages to pay and retirement to think of. When we create a full financial and tax plan for our clients, we do so while strongly considering their risk level. Often, our clients can be sorted into three major groups: […]

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chartered accountant Oakville

How To Pay Yourself From Your Corporation: Dividends Versus Salary

Congrats! You’ve made the move from sole proprietor to CEO of your very own corporation. Or perhaps you started out your small business incorporated, to begin with. Either way, here you are — with a company of your very own. You no longer have to rely on a biweekly pay stub or suffer through torturous […]

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business accountant

How to Financially Structure Your Business and Build Personal Wealth

After working 60 - 70 hours a week for years, you were finally able to pay yourself a decent salary and leave a healthy portion of profit in the business for reinvestment. It’s an exciting new level for your business! You bootstrapped the startup with your personal savings and a bit of help from relatives, […]

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small business tax accountants

What the Heck is Tax Planning?

As much as we're sure you love the CRA, we know you love money in your pocket more. That’s where tax planning comes in. Tax planning is pretty much exactly what it sounds — it’s how accountants arrange your business and personal matters to reduce and defer your overall burden. It’s all legal, of course. […]

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chartered accountant Oakville

Why Portfolio Turnover Is Important From a Tax Perspective

[et_pb_section bb_built="1" inner_width="auto" inner_max_width="960px"][et_pb_row][et_pb_column type="4_4" custom_padding__hover="|||" custom_padding="|||"][et_pb_video _builder_version="3.19.3" src="https://youtu.be/--XfnXMkOw4" image_src="https://www.cmllp.com/wp-content/uploads/2019/06/portfolio-turnover-2.png" /][et_pb_text _builder_version="3.19.3" text_orientation="left"] We're back with more tips on investing in stocks in a taxable account. This week, Fab explains what portfolio turnover is and why it's important from a tax perspective. Watch this week's Weekly Tax Planning Tip video to check it out... [/et_pb_text][et_pb_divider […]

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