James Joyce Irish Pub is sponsoring a Philipines Typhoon Relief Fundraiser

PHILIPPINES TYPHOON RELIEF FUNDRAISER: We need your support. On Tuesday November 26th we are sponsoring a fundraising event at The James Joyce Irish Pub for victims of the Philippine Typhoon. This fundraiser is close to our hearts as some of our staff here at The James Joyce have families that have been left injured and…

2014 indexation adjustment for personal income tax, benefit amounts, and the annual dollar limit for Tax-Free Savings Accounts (TFSAs)

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non refundable credits, and most other amounts will take effect on January 1, 2014. However, increases to the Canada child tax benefit (including…

What you should know about digital currency

What is digital currency? Digital currency is virtual money that can be used to buy and sell goods or services on the Internet. Bitcoins are an example of digital currency. Bitcoins are not controlled by central banks or any country, and can be traded anonymously. Bitcoins can be bought and sold in return for traditional…

Canada Revenue Agency announces maximum pensionable earnings for 2014

Ottawa, Ontario, November 1, 2013… The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $52,500—up from $51,100 in 2013. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in…

Holdouts join national unity discussions

By Jeff Buckstein Mid-November 2013 issue   Doug Brooks, chief executive officer, CGA Ontario They’re talking, but a long road potentially remains if full unification of the accounting profession is to happen under the new Chartered Professional Accountants of Canada banner. With Ontario and Manitoba’s certified general accountants at the table, it remains to be…