Bomcas Canada Accountant

Bomcas Canada Accounting & Tax Services specialises in tax preparation for corporations, small businesses, and individuals. Clients from across Canada, United States and other countries are served. We offer bookkeeping, trust and estate planning, payroll services, among other accounting and tax services. Our qualified and experienced team of accountants has been offering accounting and tax services in Canada and internationally for many years. We can provide a complete solution package for you if you are looking for one-stop accounting and tax services.
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Checklist for Canadian corporate tax preparation

Checklist for Canadian corporate tax preparation

Gather all necessary documents and information, including income statements, receipts for business expenses, and records of any tax-deductible charitable donations. Determine your business's tax-filing status (sole proprietorship, partnership, corporation). Choose a method for preparing your corporate tax return, such as online tax preparation software or working with a tax professional. Review tax credits and deductions that may be applicable to your business. Complete your corporate tax return, paying careful attention to details and double-checking for mistakes or errors. Consider implementing tax planning strategies, such as setting up a registered retirement savings plan (RRSP) or claiming business expenses. File and pay…
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Checklist for Canadian personal tax preparation

Checklist for Canadian personal tax preparation

Gather all necessary documents and information, including income statements, receipts for charitable donations, and records of any medical expenses. Determine your tax-filing status (single, married, resident, non-resident). Choose a method for preparing your tax return, such as online tax preparation software or working with a tax professional. Review tax credits and deductions that may be applicable to your situation. Complete your tax return, paying careful attention to details and double-checking for mistakes or errors. Consider implementing tax planning strategies, such as setting up a registered retirement savings plan (RRSP) or claiming business expenses. File and pay your taxes by the…
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About Corporate tax preparation in Canada

About Corporate tax preparation in Canada

Introduction Corporate tax preparation in Canada is an important responsibility for every business. Proper tax preparation is crucial to ensure that businesses are taking advantage of all available tax benefits and minimizing their tax liability. It is also essential to comply with the Canadian tax system and avoid any potential penalties or fines. By understanding the various tax credits, deductions, and other tax planning strategies that are available, businesses can save money on their taxes and effectively manage their financial affairs. Gathering Necessary Documents and Information The first step in corporate tax preparation in Canada is to gather all of…
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About personal tax preparation in Canada

About personal tax preparation in Canada

Introduction Personal tax preparation in Canada is an important responsibility for every individual taxpayer. Whether you are self-employed, a small business owner, or an employee, it is crucial to understand the various tax credits, deductions, and other tax planning strategies that can help you save money on your taxes and comply with the Canadian tax system. By taking the time to properly prepare your tax return, you can ensure that you are taking advantage of all available tax benefits and minimizing your tax liability. Gathering Necessary Documents and Information The first step in personal tax preparation in Canada is to…
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What CPA British Columbia Does

What CPA British Columbia Does

Having a CPA designation is a great way to help your career in Canada. Not only does it provide a high level of expertise to your career, it also offers benefits such as continuing education and access to specialized business services. The CPA British Columbia program offers the training you need to achieve this. Powers and capacity Chartered Professional Accountants of British Columbia (CPABC) is a corporation that has the powers and capacity to act as an agent or agent for other professional accounting corporations, to perform a function for a member, and to act as a disciplinary body. The…
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What CPA Ontario Does

What CPA Ontario Does

Whether you're looking to become a CPA or you're an existing member, it's important to know what CPA Ontario does. They regulate the practice and professional conduct of individuals who are CPAs. They also investigate and discipline any complaints that are made about CPAs. Protecting the public interest Chartered Professional Accountants of Ontario (CPA Ontario) is a regulatory body that sets the standard for CPAs and accounting firms in the province. The CPA Ontario council, composed of four individuals appointed by the Lieutenant Governor in Council, is responsible for the licensing of Chartered Professional Accountants (CPAs) and the regulation of…
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What Does a Professional Accountant Do in Canada?

What Does a Professional Accountant Do in Canada?

Having an accountant can help you keep your finances in order. If you have a business, your accountant will be able to work with you to help you minimize your tax liabilities. Prepare financial statements Regardless of whether you're running a small business or managing a large corporation, you will need to prepare financial statements as a professional accountant in Canada. These statements are essential to assess the health of your business and make smarter decisions. The most basic type of financial statement is a notice to the reader, or NTR. This type of statement relies on the information provided…
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CPA Alberta – The Professional Organization For Accountants

CPA Alberta – The Professional Organization For Accountants

Whether you are an accountant looking to become a CPA or a CPA in Alberta, there are many things to consider before making the leap. The Association of Certified Professional Accountants in Alberta is a professional organization that is dedicated to providing members with valuable resources, such as job boards, podcasts, and membership benefits. These services can be invaluable to accountants looking to make a name for themselves in the Alberta profession. Accreditation Chartered Professional Accountants of Alberta (CPA Alberta) is a professional regulatory body that represents accountants in Alberta. The organization was created in 2015 by merging the former…
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What Is CPA Canada?

What Is CPA Canada?

Chartered Professional Accountants of Canada (CPA Canada) represents the interests of the CPA profession. It is a national organization that provides services to members. It also provides information about the education required to become a CPA, and the Code of Professional Conduct. It also has a research fund for members. Chartered Professional Accountants of Ontario (CPA Ontario) Chartered Professional Accountants of Ontario (CPA Ontario) is an organization that regulates CPAs in Ontario. It protects the public interest and upholds high standards of integrity in the CPA profession. Chartered Professional Accountants of Ontario is a member-based association. Members must complete a…
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What is Public Accounting in Canada?

What is Public Accounting in Canada?

Chartered Professional Accountants in Canada provides a variety of professional services to individuals and companies. Their services are also regulated, and the Public Accountants Act in Newfoundland and Labrador, among other provincial and territorial laws, requires them to meet certain professional standards. Chartered Professional Accountants and Public Accountants Act of Newfoundland and Labrador Chartered Professional Accountants and Public Accountants Act of Newfoundland and Labrador are an Act enacted on May 16, 2012. It is also known as the Chartered Professional Accountants and Public Accountants (CPA) Act. In Newfoundland and Labrador there are about 1,880 financial auditors and accountants. The Act…
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