Helping Canadian business owners navigate tax, bookkeeping, and financial strategy so you can focus on what you do best.
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Financial Clarity, Simplified
Tax tips, reminders, and easy-to-understand content on accounting, taxes, and business finances for Canadians. Follow along for content designed to make your financial life a little less complicated.
Answers to Common Questions
Navigating taxes and finances as a Canadian business owner comes with a lot of questions. Here are a few we hear often.
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If you or your spouse are self-employed, your income tax return is due June 15th. However, any taxes owing are still due by April 30th to avoid interest charges.
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Common deductions include home office expenses, vehicle use, professional development, business meals, and equipment. The key is that expenses must be incurred to earn business income. Every situation is different, so it is worth reviewing your specific setup with an accountant.
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Bookkeeping is the ongoing process of recording and organizing your financial transactions throughout the year. Accounting involves interpreting that data, filing returns, and providing strategic financial guidance. We handle both.
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If you owed more than $3,000 in taxes last year (or $1,800 in Quebec), the CRA may require you to make installment payments throughout the year rather than paying everything at tax time. We can help you calculate and plan for these.
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Yes, if you use your personal vehicle for business purposes, you can claim a portion of those costs. In rural areas, medical travel mileage is also commonly claimable. Over 40 km qualifies for mileage and over 80 km may allow you to claim meals and accommodation as well.
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Yes. Interest charged on CRA balances is non-deductible, meaning it does not reduce your taxes. In some cases, taking a loan from your bank to pay off a CRA balance can be more tax-efficient because that interest may be deductible. We can walk you through whether this makes sense for your situation.
Get In Touch
Reach out below and we will get back to you with next steps. We are currently accepting a limited number of new clients.
Individual Tax
For personal income tax returns, T4 slips, rental income, capital gains, and self-employment income.
Corporate Financial
Statements & Tax
For preparation of yearly financial statements and corporate tax return.
Bookkeeping
For ongoing monthly or quarterly bookkeeping support.
Fractional CFO /
Business Consulting
Strategic financial guidance, planning, or support with major decisions like selling or restructuring.