Canadian Sales Tax Rates for 2023
Canadian Sales Tax Rates for 2023 January 30, 2023 Question: What are the sales tax rates across Canada in 2023? Facts: The table below outlines
Home » News » Canadian Tax FAQs » Common Accounting Acronyms and Forms
Tax Question:
Do you ever meet with your accountant and wonder if they are speaking the same language as you?
Facts:
Accountants like acronyms, we even change form numbers into acronyms. This works great for us to shorten longer titles in our working papers and discussions but we often forget that the general population doesn’t follow our love for accounting lingo.
We have put together the following list of commonly used acronyms and forms that will hopefully help familiarize you with some of the accounting lingoes the next time you meet your accountant.
If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.
Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.
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