It’s Officially Tax Season: Time to Get Prepared!
It’s that time of year again – tax season is upon us! In the coming weeks, Canadians across the country will be busy preparing to file their taxes for the 2024 year. Whether you’re an individual taxpayer or a business owner, filing taxes is an inevitable task, but it doesn’t have to be a stressful one.
SOC, ISO and Cybersecurity: Protecting Your Business and Data
As cyber threats continue to rise, protecting your business’s data and systems is more important than ever. Understanding how SOC, ISO, and cybersecurity measures intersect can help you implement effective security practices. Let’s break down how these elements can work together to safeguard your business.
CEBA Loan Repayment: What to Do If You Can’t Pay It Back
Navigating the repayment of a CEBA loan can be challenging, but understanding the process and communicating with the CRA can alleviate some of the burden. Learn more.
Achieving Excellence: SAV Associates Receives SCC Accreditation for ISO/IEC 17021-1:2015
We are proud to announce that SAV Associates has officially received accreditation from the Standards Council of Canada (SCC) for ISO/IEC 17021-1:2015 as part of the Management Systems Accreditation Program (MSAP).
Timing Your CPP Payments: The Financial Impact of Early or Later Retirement
Deciding when to start receiving your Canada Pension Plan (CPP) benefits is a crucial financial decision that can significantly impact your retirement income. Understanding the financial implications of these options is key to optimizing your retirement strategy.
TFSA Overcontributions: A Costly Mistake
Overcontributing to your TFSA can lead to significant penalties, and understanding how to avoid this trap is crucial for all account holders.
Understanding Business Receipts: What is Sufficient Documentation?
Ensuring that your receipts meet CRA standards is crucial to avoid potential issues during an audit.
Canada’s Two-Month GST/HST Tax Relief Explained
The Canadian government has announced a significant measure aimed at putting more money in your pocket – a two-month Goods and Services Tax (GST)/Harmonized Sales Tax (HST) break on qualifying essentials.
Real Estate and CRA Audit Activity: What You Need to Know
Whether you are a homeowner, an investor, or a real estate professional, staying compliant with CRA regulations is more important than ever.
SOC 2 Audits: What to Expect and How to Prepare
Understanding what to expect from a SOC 2 audit and how to prepare can significantly impact your organization’s compliance journey. Here’s a comprehensive guide to help you navigate the SOC 2 audit process effectively