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	<title>ca4it</title>
	<link>http://ca4it.com</link>
	<description>Accounting Services for IT Contractors</description>
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		<title>RRSP vs TFSA for Independent contractors</title>
		<description><![CDATA[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 ]]></description>
		<link>http://ca4it.com/news/rrsp-vs-tfsa-for-independent-contractors</link>
			</item>
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		<title>Source Deductions For CA4IT Clients</title>
		<description><![CDATA[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.

 

]]></description>
		<link>http://ca4it.com/news/source_deductions</link>
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		<title>Understanding Source Deductions</title>
		<description><![CDATA[As a corporation, you have to remit the CPP contributions, the EI premiums, and income tax deducted from your employees' income, along with your share of CPP contributions and EI premiums.

These deductions, along with the remittance form, must be received by CRA on or before your remittance due dates. Due dates vary depending on the type of remitter you are.
]]></description>
		<link>http://ca4it.com/news/source-deductions</link>
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		<title>Personal Services Corporation Risk- The Definition of PSC Risk</title>
		<description><![CDATA[&#160; What is Personal Services Corporation (PSC) risk? This video answers the question &#8220;What is personal service corporation risk?&#8221; If you are a independent consultant or IT contractor and earn more than $40,000 per year or you are going through a CRA Audit, This is a must watch video. Please view the following pages for [...]]]></description>
		<link>http://ca4it.com/news/personal-services-corporation-risk-the-definition-of-psc-risk</link>
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		<title>Personal Service Business &amp; CRA Audits</title>
		<description><![CDATA[&#160; What is the Personal Services Business Risk? Are you concerned about a CRA Audit? This video answers the question &#8220;What is personal service business risk?&#8221; If you are a independent consultant or IT contractor and earn more than $40,000 per year or you are going through a CRA Audit, This is a must watch [...]]]></description>
		<link>http://ca4it.com/news/personal-service-business-cra-audits</link>
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		<title>Personal Service Corporation Case Study</title>
		<description><![CDATA[&#160; Dave Hayward from the NACCB talks about Personal Service Corporation risk. He reviews a case study from the AQIII and how it may impact IT Contractors across Canada. Please view the following pages for more information on &#8220;Personal Service Business Risk&#8221; or sometimes called &#8220;Personal Service Corporation Risk&#8220;.]]></description>
		<link>http://ca4it.com/news/personal-service-corporation-case-study</link>
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		<title>Personal Services Corporation &amp; Personal Business Services</title>
		<description><![CDATA[&#160; Personal Services Corporation &#38; Personal Business Services Please view the following pages for more information on &#8220;Personal Service Business Risk&#8221; or sometimes called &#8220;Personal Service Corporation Risk&#8220;.]]></description>
		<link>http://ca4it.com/news/personal-services-corporation-personal-business-services</link>
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		<title>Personal Service Business- How to Protect Yourself</title>
		<description><![CDATA[&#160; Personal Service Business Risk- How to Protect Yourself Please view the following pages for more information on &#8220;Personal Service Business Risk&#8221; or sometimes called &#8220;Personal Service Corporation Risk&#8220;.]]></description>
		<link>http://ca4it.com/news/personal-service-business-how-to-protect-yourself</link>
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	<item>
		<title>Learn More About The Personal Service Corporation Risk</title>
		<description><![CDATA[&#160; Jeff Nugent from Contingent Workforce Solutions provides an overview of the Personal Services Risk and what you can do to protect yourself. Please view the following pages for more information on &#8220;Personal Service Business Risk&#8221; or sometimes called &#8220;Personal Service Corporation Risk&#8220;.]]></description>
		<link>http://ca4it.com/news/learn-more-about-the-personal-service-corporation-risk</link>
			</item>
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		<title>NACCB on ICT Shortages and the Role of Independent Contractors</title>
		<description><![CDATA[NACCB on ICT Shortages and the Role of Independent Contractors &#160; Terry Power, President of the NACCB discusses possible ICT shortages in the future and how independent contractors can fill the gap. Please view the following pages for more information on &#8220;Personal Service Business Risk&#8221; or sometimes called &#8220;Personal Service Corporation Risk&#8220;.]]></description>
		<link>http://ca4it.com/news/naccb-on-ict-shortages-and-the-role-of-independent-contractors</link>
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