FAQ
Clear Answers to Your Financial Questions
01
Tax Filing Deadlines
Key dates for personal/corporate taxes, GST/HST, and payroll to avoid penalties.
02
GST/HST Registration
Who needs to register, how to apply, and input credit claims explained.
03
Bookkeeping Basics
What records to keep, software options, and DIY vs. professional help.
04
Starting a Business
Steps to incorporate, register for taxes, and set up payroll in Canada.
Individual
customers
We optimize deductions (RRSPs, medical expenses, home office claims) and ensure all credits (e.g., childcare, tuition) are applied.
Yes—to access benefits like GST/HST credits or CPP. Even $0 income may require filing.
Yes, we file U.S./Canada dual-status returns and address IRS/CRA compliance.
Late filings incur a 5% penalty on your balance owed, plus 1% interest per month (max 12 months). If you’re owed a refund, no penalty applies—but delays mean waiting longer for your money. We help catch up and negotiate relief for first-time offenders.
Business
customers
Typically at $50K+ net profit, but we’ll analyze tax savings, liability, and growth plans.
Remittances (monthly/quarterly) send deductions to CRA; T4s (annually) report yearly earnings/deductions per employee.
Mandatory at $30K+ revenue, but voluntary registration may benefit startups with high input costs.
Yes! If you work from home, you can claim a portion of rent, utilities, and internet (based on sq. footage used for business). Sole proprietors use Form T2125; incorporated businesses need a detailed usage log. We’ll ensure you claim the maximum without triggering audits.
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