If you are a IT contractor, independent consultant, project manager or operate a knowledge based business, CA4IT is your ideal accounting partner.
Our accounting firm specializes in providing accounting services, bookkeeping services, tax preparation and incorporation services to knowledge based businesses and small businesses. By specializing we can help you keep more of your money and pay less tax. We back our services with a “No Hassle” guarantee.
Latest News
RRSP vs TFSA for Independent contractors
The deadline for RRSP and TFSA are fast approaching (Feb 29, 2012) and many of our clients want to know whether it is more beneficial to contribute to an RRSP or TFSA. While the two investment vehicles are completely different they both have benefits. Before we determine which path is best it is worthwhile to understand the pros and cons of each
Source Deductions For CA4IT Clients
In most situations ca4it clients declare a bonus to directors of the corporation only once a year (typically on December 31). Throughout the year Directors may access funds from the corporate bank account to pay for expenses on behalf of the organization. However, the tax planning is done once a year during the review meeting and a one time bonus is paid. This means that source deduction only need to be paid once a year (either January, 3, 10 or 15 depending on your Remitter type). This is different from many other firms that would declare a salary on a monthly basis and requires monthly sourced deduction remittances.
