RESOURCES
DOWNLOADABLE OFFICE FORMS
Every office needs help with drafting forms that are
commonly used. Spare yourself the agony and expense by choosing from
our downloadable forms to keep your office or a client's office accountable.
CLICK HERE to view the PDF forms on our
"Resources" page.
CANADA REVENUE AGENCY FORMS
Government forms are hard to find on the Canada Revenue Agency website.
We will add to our collection as time permits.
CLICK HERE
for a RC-59 Business Consent (rep) form
CLICK HERE
for a T1013 Authorizing Representative form
CLICK HERE
for a T1 Adjustment form
CLICK HERE for a
generic GST/HST remittance form
CLICK HERE for a T4 form
CLICK HERE for a fillable T4 form
CLICK HERE for a T4
Summary form
CLICK HERE
for a fillable T4 Summary form
CLICK HERE
for a T5018 Statement of Contract Payments
CLICK HERE for a T5018Sum Summary of Contract Payments
Some government forms are different for each jurisdiction. You will
find our links helpful.
Forms By Form Number
http://www.cra-arc.gc.ca/menu/AFAF-e.html
Forms By Publication Number
http://www.cra-arc.gc.ca/menu/APAP-e.html
T1 Tax Return
http://www.cra-arc.gc.ca/formspubs/t1gnrl/menu-eng.html
T1 Tax Return Package All Years
http://www.cra-arc.gc.ca/formspubs/t1gnrl/llyrs-eng.html
T1 Tax Return Related Forms
http://www.cra-arc.gc.ca/menu/LBA-e.html
T2 Tax Return
http://www.cra-arc.gc.ca/E/pbg/tf/t2/README.html
T2 Tax Return Prior Years
http://www.cra-arc.gc.ca/formspubs/prioryear/t2/README.html
T2 Tax Return Related Forms
http://www.cra-arc.gc.ca/formspubs/clntgrp/bsnss/crprtn-eng.html
TD-1 Payroll Form
http://www.cra-arc.gc.ca/formspubs/frms/td1-eng.html?=slnk
CANADA'S NEW PENSION PLAN
Harper Government Introduces the Pooled Registered Pension Plans Act,
November 17, 2011, OTTAWA
The Honourable Ted Menzies, Minister of State (Finance), and the Honourable
Christian Paradis, Minister of Industry, announced that the Government of
Canada is introducing changes to Canada’s pension landscape that will make
saving for retirement easier for millions of Canadians. Legislation was
introduced in Parliament, implementing the federal portion of the Pooled
Registered Pension Plan (PRPP) framework.
For more information, please
click
here.
DID YOU KNOW (GST/HST RETURNS)?
As per Canada Revenue Agency guidelines, if a business is an annual GST/HST
filer AND the total GST/HST tax owing (line 109) in a fiscal year is over
$3000., the business is required to make QUARTERLY INSTALMENTS for GST/HST
in the subsequent reporting year. If the business fails to make instalment payments, interest and penalties are applied.
DID YOU KNOW (PAYROLL TAXES)?
Canada Revenue Agency's protocol on payroll remittance overpayments is not
very "user-friendly": CRA now claims it is not required to return
payroll remittance overpayments to the remitter. This means you need
to adjust one or more subsequent payroll remittances.
DID YOU KNOW (MEALS)?
Canada Revenue Agency's protocol on meals is that unless it is a staff event
such as a summer BBQ or Christmas Party (there are a limited number of
events allowed per year), only 50% of the GST/HST can be claimed as an ITC.
To implement the proper meals tax rate in QuickBooks, include two additional
"Sales Tax Items" in your Item List:
If your province has GST, include one Sales Tax Item for GST Meals (line
103) and one for GST Meals ITC (line 106). The rate for these Tax
Items is 2.439%. Continue on to the "Final Step" listed below.
If your province has HST, include one Sales Tax Item for HST Meals (line
103) and one for HST Meals ITC (line 106). The rate for these Tax
Items is 5.66%. Continue on to the "Final Step" listed below.
Final Step: Add a sales tax code (such as "M") in the Sales Tax
Code List, ensuring that you mark it as "Taxable". Then link either
the GST Tax Items (one for purchases, one for sales) or the HST Tax Item
(one for purchases, one for sales) that you created. Utilize the "M"
tax code in your meal purchase transactions.
INSTALLING QUICKBOOKS - CANADA
Click on this link for an excerpt from the book showing the steps for
installing, registering and updating your QB software.
Click on this link
for a printable PDF document showing the steps for opening your company file
for the first time after updating.
SIMPLY ACCOUNTING
Arlene Arlow is well versed in using Simply Accounting, too. Whether you use QuickBooks from
INTUIT CANADA LTD.
or its rival
Simply
Accounting
® produced
by Sage AccPac International Inc. we hope our site offers information that
is helpful in your practice.
Check out our
links to commonly-used resources.
HST BRITISH COLUMBIA, HST ONTARIO - HOW TO IMPLEMENT
British Columbia and Ontario will revert to HST on July
1st.
Print this PDF file
explaining how to impose HST tax codes into
your company file. Be sure to revise your
sales items in the "Item
Codes List", relevant tax codes in your Customer Centre, accounts on the
Chart of Accounts and "Sales Tax" in "Preferences".
QUICKBOOKS
2011 & 2012 ISSUES/QUICKBOOKS SOLUTIONS
Issue #1.
If you find that the Chart of Accounts won't load, press and hold your "ESC"
key for about 5 seconds. Close the software. Perform a shutdown
of your computer. Restart your computer and restart QuickBooks.
Issue #2.
The "1" and other single-penny (.01, .09) characters may not calculate
properly in the "rate" and "amount" field in a Sales Receipt where the
calculated "Amount" is less than 10 cents. Be sure that the "Amount"
column is calculating correctly as you progress through the Sales Receipt.
Issue #3. If you
are getting dumped out of the software regularely the solution may be as
simple as
adding a penny in the Employee Centre for Vac Pay O/S for all terminated
employees.
Issue #4.
"Payroll" may not automatically license if you have registered for same.
Contact Intuit Canada for assistance.
Issue #5. There is
no option to export the "Payroll Item List" as an ".iif" file so that it can
be imported into another QuickBooks company file. No solution.
Issue #6.
Transactions posted PRIOR TO converting to QuickBooks 2008 will not
calculate taxes correctly if you change any value within the transaction:
The GST and/or PST will
zero-out. The solution is to change all tax codes in the transaction
to something other than what they should be. Use your tab key
to move to the field after the "Tax" column. Then, move back to the
"Tax" column and change change the Tax Code back to what it should
be. This will ensure that the taxes calculate correctly in the GST
and/or PST fields.
Issue #7.
When updating from an earlier version of
QuickBooks (prior to QB 2008), taxes will not calculate correctly in both customer and vendor
"memorized" transactions. The "Invoice To" field may not fill in
correctly from Memorized Transactions. You must re-create and
re-memorize all transactions in the "Memorized Transaction List" upon
converting to QB 2010.
TAXABLE BENEFITS
Canada Revenue Agency's T4130(e) guide is invaluable in deciding whether a
situation such as cellphone allowance or training allowance is a taxable
benefit. For the chart,
CLICK HERE.
|
QuickBooks Trainers, Colleges, Schools: We license
the book in Acrobat
PDF format, along with the Sample Company Files and classroom tests.
Send
us an email to inquire
about using our textbook in the classroom! |
|
TESTIMONIALS
Check out the Addventive Bookkeeping Ltd. "About"
page to
read what peers, clients and customers have to say!
INTERNET LINKS AND RESOURCES FOR YOUR OFFICE
We strive to provide links for important business,
government and suppliers to keep your office running smoothly.
CLICK HERE to
check them out!
NEWSLETTER ARCHIVES
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find our archives informative.
