If you make donation to an institution on a monthly, quarterly or yearly basis, make sure you can track where the payment came from. I would suggest that you write a cheque or set up an automatic withdrawal. In case CRA wants to assess or audit your books, you can easily track and prove your claim.
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Go to CRA website and register for the service my Account. It allows individuals to track their refund, view or change their return, check their RRSP limit, print T4 slips, etc. The same service is available for Businesses as well.
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I have been a landlady for about 10 years now. Today I will share with you 3 mistakes that I made when searching for good tenants, and what I learned from it.
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The three keys for success that came to my mind are motivation, a passion for learning, and surrounding yourself with the best.
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I hear time and time again. “I don’t like papers, I don’t like numbers and I don’t understand it”. Stop with excuses.
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A good business idea can easily turn to ruin without proper financial management. Luckily, it’s not that hard to start a Bookkeeping System if you read this article and follow the 9 steps I describe below.
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It is time for you to evaluate and decide if it is wise to keep your books with the expertise that you have. Time is everything and you should be efficient on a daily basis to make progress towards your goals.
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