Frequently Asked Questions

Are You Safe From Revenue Canada PSC (PSB) Risk ?

Having your company considered as a Personal Service Corporation (PSC) or Personal Service Business (PSB) by the Canada Revenue Agency (CRA – formerly known as Revenue Canada) is the greatest tax audit risk facing incorporated contractors, consultants and project managers. Please click on the two links below for further information, including specific steps that you can take to minimize your PSC risk.

Click Here to view PSC Risks document
Click Here to view PSC written Contract

CA4IT FAQ

CA4IT has prepared a comprehensive manual that we update on an on-going basis. It ensures that every client is advised of all relevant financial or tax matters that have come to our attention throughout the year.

The FAQ includes answers to Frequently Asked Questions for your reference. In conjunction with new client queries taken by CA4IT and our associate offices, the FAQ is continually updated.

Click Here to view our top 5 Frequently Asked Questions
Click Here to view our complete list of Frequently Asked Questions

CA4IT Video FAQ

CA4IT has prepared a comprehensive List of Video FAQ’s that we update on an on-going basis. It ensures that every client is advised of all relevant financial or tax matters that have come to our attention throughout the year. If your question is not answered in our video FAQ, please use the form below to submit your question

Click Here to view our video FAQ

Bookkeeping Support

EZ-as-ABC

EZ-as-ABC has been developed to give small office home office clients a cost effective Accounting Bookkeeping and complete Document management package. EZ-as-ABC delivers the simplist bookkeeping solution. Simply file your documents in the document management case and we will take care of the rest. For more information please visit our sister site at www.EZ-as-ABC.biz

CRED Manual Online

This new system is intended to replace our existing Capturing Revenue and Expense Data manual, or CRED for short. While continuing to support our CRED manual, we’re encouraging our clients to switch to the new online CRED manual, as we believe doing so will dramatically reduce the amount of time you spend preparing your books

Here are the 4 easy steps it’s based on:

1. Upload bank and Credit card statements;

2. Enter any expenses not on the bank statement;

3. Enter any invoice not on the bank statement, rather accounts receivable; and

4. Use our Integrity checker to allocate transactions on the bank to the appropriate account.

If you’d like to find out – just exactly – how easy and how much fun this new product is, please contact our customer service centre at: customerservice@ca4it.com .

CRED Manual & Excel Template

Our CRED is a Capturing Revenue and Expense Data Manual that has been used by IT Contractors for 15 Years. The CRED contains a description of each category of Revenue and Expense in sufficient detail to enable you to record your information in the same manner as over 3,000 other IT contractors. This manual must be used in conjunction with the Excel template.

Click Here to view the Cred Manual in PDF format

Click Here to view the Cred Manual in Excel format with HST

Click Here to view the Cred Manual in Excel format with GST

Quickbooks CRED Template

CA4IT has set up this template to enable you to present your year-end information in a format which is most effective for us. This template instantly installs our Chart of Accounts into your Quickbooks program, saving you the headache of setting up each account.

To obtain your template, click here

for older versions of quickbooks, click here

Once the template has been installed, you may enter your transactions. Once your bank accounts are reconciled for the year, you may submit your data to CA4IT. Quickbooks has a special method that allows you to continue using Quickbooks while CA4IT prepares your year-end using a special copy of your books. To find out more about submitting your year-end information with Quickbooks and continuing to use Quickbooks during the process, click here

Download a Securities Excel 7.0 program to keep track of your stocks and mutual funds

This spreadsheet will keep track, on an annual basis ,of the average cost of your stocks and mutual funds.

Click Here to download the securties template

Customer Service

Customer Service Survey

At CA4IT we want to hear from you! We provide customer service surveys for every service that we provide. We encourage you to complete these surveys to let us know your thoughts. For your time, we will deduct $25 off your next accounting bill with us.

We strive for continuous improvement of all CA4IT services and wish to ensure that our services are in line with your expectations.

Evaluation of Proactive Communications

Our Account Managers proactively contact their clients on a regular basis to ascertain circumstances to ensure all needs are being met. If you have received one of these calls, please fill out the following form and let us know what you think.