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Welcome to Fix My Books
Bookkeeping | Expertise Bookkeeping | Tax Preparation & Filing | Accounting System Setup Services
Grow your business.
Let us handle the bookkeeping.
How much can I save by outsourcing my bookkeeping?
Bookkeeping?
Tax Preparation & Filing?
Our Awards & Accolades
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2024 Forbes 30 Under 30 Semi-Finalist for Finance
Forbes North America
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2023 Bookkeeping Excellence Awards - New Firm of the Year - Winner
Certified Professional Bookkeepers of Canada
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2023 Equity Entrepreneur Award - Winner
Greater Niagara Chamber of Commerce - Women in Busines Awads
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2023 Emerging Business Award - Finalist
Greater Niagara Chamber of Commerce - Women in Business Awards
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2023 Women's Business Club Awards - Women in Finance - Runner Up
Women’s Business Club Awards
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2023 Startup of the Year - Business Services - Gold
The Stevie Awards
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2023 Best Young Female Entrepreneur - Silver
The Stevie Awards
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2023 Best Female Entrepreneur in Canada - Bronze
The Stevie Awards
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2023 Female Entrepreneur of the Year (Young) - Gold
Globee Awards Women in Business
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2023 Female Achiever - Rising Star of the Year - Silver
Globee Awards Women in Business
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2023 Female Entrepreneur of the Year - Accounting - Silver
Globee Awards Women in Business
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2023 Women-owned Startup of the Year - Bronze
Globee Awards Women in Business
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2023 Entrepreneur of the Year - New Startup - Platinum
Titan Awards Women in Business
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2023 Entrepreneur of the Year - Future Leader of the Year - Gold
Titan Awards Women in Business
Bookkeeping Services
Monthly Bookkeeping
Whether your business is new or mature, small or large, single-owner operated or diverse, our boutique monthly bookkeeping services are customized to cater to all types.
Catch up & Clean up Bookkeeping
When life gets in the way, things can fall through the cracks. Whether you haven’t done your bookkeeping for a couple of months, or a few years, we can catch up and clean up your books.
Expertise Bookkeeping Services
Jane Payments App Medical Bookkeeping
If you’re a healthcare professional you are probably using Jane Payments App. If you aren’t sure how to accurately record the sales and payouts, you’ve come to the right place.
Legal Billing and Trust Accounting (IOLTA) Bookkeeping
Legal professionals and immigration consultants know how important trust account accuracy is for their clients. However, sometimes it can be difficult to get the trust account in balance.
Personal Real Estate Corporation (PREC) Bookkeeping
Whether you have just moved from a Sole Proprietorship to a PREC, or you have been running a PREC for a while but are inundated with admin work, we can help.
Amazon Bookkeeping
If you are new to Amazon Seller Central and Kindle Direct Publishing, or if you’re established and need some help figuring out your sales taxes, we are here to help.
Etsy Bookkeeping
Whether you are working with leather or wood, selling knickknacks or boutique customized products, bookkeeping and taxes may not be your cup of tea. Bookkeeping for Etsy is our specialty.
Shopify Bookkeeping
Selling to Canada, the United States, or globally via Shopify, you are probably stuck on sales taxes and struggling to reconcile various types of payment processors. Large or small, we’ve done it all.
Tax Preparation & Filing
Individual + Joint T1 Filing
If you’re new to taxes, stuck on a particular schedule, or tired of trying to work it out yourself, we get it. Your time is more valuable, so leave the paperwork headaches to us.
New Immigrant T1 Filing
Just landed in Canada and not sure if you have to file a return, or even how to file one? Even if you have no income it is best to file as 3 years of tax returns can be used for your citizenship application.
Rental Income T1 + T776 Filing
Do you own a rental property but are not quite certain on how to properly complete a T776, what can be claimed, and what is off-side? Sit back, relax, you’ve come to the right place.
Sole Proprietor T1 + T2125 Filing
Have you just started a small business? Or perhaps have been running your own operation for several years? We’ve seen it all, from contractors to copywriters, and dog-walkers to designers.
Partnership T1 + T2125 Filing
If you’ve just started a new partnership, or have an existing one with less than $2 million in revenue, and $5 million in assets, Fix My Books is here to help file your return.
Corporate T2 Filing + Bookkeeping
If you’ve started a corporation in Canada you have a lot to keep on top of. From annual filings and minute books, to payroll and dividends, as well as the bookkeeping and tax filing in between. Let us help!
Accounting System Setup Services
Quickbooks Online + Payroll Setup Services
If you are a new business needing to setup your accounting system, or expanding and requiring payroll, or even migrating from Quickbooks Desktop to Quickbooks Online, Fix My Books can help.
Amazon A2X Setup & Quickbooks Online Integration
If you are a new or existing Amazon seller and are stuck on trying to figure out how to integrate Amazon, A2X and Quickbooks Online, you’ve come to the right place. This is our specialty.
Etsy A2X Setup & Quickbooks Online Integration
Selling on Etsy but finding sales taxes to be a little overwhelming? That’s why we recommend integrating Etsy with A2X and Quickbooks to make sure your sales taxes are done right.
Shopify A2X Setup & Quickbooks Online Integration
We know that Shopify owner’s love their apps! We see dozens in each Shopify store, but sometimes there are a few which you need a little extra help with. We can help you integrate Shopify with Quickbooks and A2X.
People Love to Work with Us!
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“Incredible service! Arielle & Jason took something that made me really uncomfortable when it came to my business and completely changed the game for me so I could focus on the stuff I know how to do! I love that they utilize some great tools like ClientHub to make the process easy and effortless. Very happy that I found them to help with my business books! I was worried that I would feel dumb when it came to how I was running things but they made me feel instantly comfortable over Zoom! If you need to catch up on bookkeeping definitely reach out to Fix My Books.”
– Jonah, E-Commerce Beauty & Cosmetics
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“I've been working with Arielle and Jason for over a year for my bookkeeping and my taxes, and they're absolutely the best. It's so nice having two incredible people working on my business finances behind the scenes as they never leave me anything to worry about! I also love the use of ClientHub because it makes communication and getting things done so easy. The speed and efficiency with which they do things always blows me away. So happy to be working with Fix My Books!”
– Sarah, Business Software Consultant
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“We have been working with Arielle and the Fix My Books team for the past 2 years, and to say they are amazing would be an understatement. Their professionalism , ample knowledge, willingness to go above and beyond to make us feel comfortable, and the drive to set our business up for success has been immeasurable. I couldn't recommend Arielle and the Fix My Books team enough!”
– Nilab, Digital Advertising & Marketing
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“I have been working with Arielle at Fix My Books Inc. for over 6 months. We went through a full reconciliation of my books that were slightly out of date and she pulled everything together like a master. I have had my books reconciled every month since and it's been such a massive weight off of my shoulders knowing that I can count on her to keep my business financial picture accurate and up-to-date. I highly recommend Fix My Books Inc.!! Thank you Arielle for being so consistent and reliable!”
– Paul, Photographer
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“I found Fix my Books during a challenging time in my personal and professional life when I had a backlog of personal and business tax filings with an unknown liability ahead of me. Jason worked with me over months, giving sound advice and deep expertise until we were fully caught up. Jason, thank you for shepherding me through this. I had the good fortune to witness and benefit from your technical know-how and your character through the process. You have my gratitude, trust and admiration. You have my business, no doubt. I wholeheartedly recommend you, and Fix my Books to anyone in the market for solid business partnership and advice.”
– Ayesha, Public Speaker, Business Coach & Author
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“Fix My Books are the first bookkeepers that have actually understood my e-commerce business! They asked questions, did research, and built a custom plan to get my books in order and streamline my accounting & reporting. They're super friendly, easy to work with, and an indispensable resource for any small business owner.”
– Kimberly, E-Commerce Horror Clothing & Apparel
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“Hands down the best bookkeepers I've ever worked with. Incredibly knowledgeable, hard-working, reliable, and they're always available to answer any question I have. Fix My Books was a lifesaver for me and my small business.”
– Jonathan, E-Commerce Clothing & Apparel
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“I recently had the pleasure of working with Jason for my personal taxes, and cannot recommend him and Fix My Books highly enough. From start to finish, the experience was exceptional – Jason truly went above and beyond to ensure everything was completed quickly and with great attention to detail.”
– Morgan, Therapist
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“Arielle took over our bookkeeping earlier this year, and we are thoroughly pleased with her services. She is consistently accessible, knowledgeable, efficient and professional. From the start, Arielle has been impressively timely; she has a very streamlined approach to tasks and makes communication easy. I would highly recommend Fix My Books!”
– Nicole, Licensed Master Electrician
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“Arielle and her team demonstrated a deep knowledge of accounting and bookkeeping and have consistently provided expert advice and guidance on various financial matters. Their responsiveness and attention to detail are top-notch, and they are incredibly diligent about ensuring that my financial records are up to date. Overall, I can't recommend them highly enough. They are knowledgeable, trustworthy, and dedicated, and I feel fortunate to have them on my team!”
– Kawhi, E-Commerce Beauty & Cosmetics
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Our Memberships & Certifications
What You Can Expect From Us
Timely Response
We reply to your messages, emails and phone calls within the 24-48 hours.
We take pride and distinguish ourselves from others with prompt responsiveness and professionalism.
You deserve trustworthy bookkeeping, tax preparation and business planning professionals who will answer your questions, phone calls, and emails.
We do not go M.I.A. when you need us most!
Year-Round Support
We are here to provide you with support.
There are always a lot of questions when it comes to the complicated world of finance and taxation. As a business owner, you are always on call, and so are we.
There’s no stopwatch on this relationship. If you have a question, or you need something, just ask!
We want you to grow your business because we succeed together.
Proactive Guidance
We provide proactive guidance to improve your bottom line and grow your business.
Every business owner wants to have a profitable journey, however your historical performance is the basis for your books, but it is not a predictor of future performance.
If we see a process that can increase revenue or improve operational efficiency and margins - we will help you.
Client Portal
All of our clients are granted access to our Client Portal at no charge.
Here you can securely send messages, files and tasks so that we can quickly and effectively manage your books and provide you support and guidance.
All Client Portal data is hosted via Google Cloud and Amazon Web Services via US-based data centers and 256-bit encryption.
We aim to be available to our clients securely and conveniently.
Document Management
We get rid of your receipt shoebox and replace it with Hubdoc - a digital file cabinet that makes storing and sorting receipts simple .
Don’t keep stuffing your receipts into a box in the corner where it can become lost, forgotten or illegible.
Those are your tax savings going to waste.
Every client receives a unique email address with Hubdoc where they can send their receipts to and we will do the rest. No more data entry, no more filing.
Data Security
We take your data and financial information seriously! Super seriously!
We maintain both on-site and off-site backups of your data so that it doesn’t get lost in the woodwork and your business is not left stranded.
Off-site backups use end-to-end encrypted solutions that meet ISO 27001, HIPAA, CCPA, GDPR and DPA compliance standards.
Even if you don’t choose us, ask your bookkeeper and accountant what they do to keep your data secure.
News & Updates
In this detailed tax comparison video, Jason Smith breaks down the key differences between living in Ontario, Canada, and Florida, USA, specifically comparing Toronto and Miami. Using the $100,000 US dollar (or $140,000 CAD) income from last week's tax bracket discussion, Jason dives into five critical areas…
In this video, Jason Smith dives deep into a detailed comparison of tax brackets between Ontario, Canada, and Florida, USA, with a special focus on Toronto and Miami. Whether you're a Canadian looking to invest in a Florida vacation home or considering a move to the Sunshine State, this video will give you key insights into how tax systems differ across the two regions.
📋 Are you managing corporate records or preparing for a company dissolution? This video is your ultimate guide to legal compliance and efficient record-keeping for Canadian businesses!
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing Articles of Dissolution, notifying stakeholders, and canceling business licenses and permits.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this third part of our series on dissolving a Canadian-controlled private corporation (CCPC), we will help you navigate the final stages of dissolution, including paying off debts, notifying creditors, and distributing remaining assets. We break down the legal, financial, and tax obligations involved in closing your business, so you can ensure a smooth and compliant dissolution process.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this first part of our series on dissolving a Canadian-controlled private corporation (CCPC), we walk you through the essential steps of reviewing corporate documents to ensure compliance. Properly closing a business involves more than just filing paperwork – it requires a detailed review of the corporation's minute book, articles of incorporation, bylaws, and shareholder agreements.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you looking to close your Canadian Controlled Private Corporation (CCPC) but unsure of the steps involved? In this comprehensive tutorial, we’ll guide you through the process of legally dissolving your CCPC, ensuring compliance with Canadian regulations.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.
Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).
Ever wondered what a day in the life of a remote bookkeeper looks like? In this video, I’ll walk you through my typical work-from-home routine as a remote bookkeeper and tax professional. From managing my to-do list with a Kanban board to handling payroll and filing tasks, you’ll get an inside look at how I stay productive, manage clients, and balance business operations all from my home office.
Welcome to our channel! In today’s video, we’re taking you on a comprehensive tour of the CRA My Business Account. Whether you're a new business owner or an experienced entrepreneur, managing your CRA business account efficiently is crucial for compliance and smooth operations. We’ll cover everything from account setup to daily maintenance, ensuring you get the most out of this essential tool. Stay tuned for an in-depth overview and practical tips on maintaining your CRA My Business Account.
Welcome to our channel! In today's video, we're exploring the critical reasons why bookkeeping is essential for every business. Whether you're a small business owner or managing a large corporation, bookkeeping plays a pivotal role in your financial health and success. From tracking financial performance to making informed decisions, we’ll highlight why you can’t afford to neglect this vital aspect of your business operations. Stay tuned to discover the importance of proper bookkeeping!
Welcome to our channel! In today's video, we're sharing practical tips and best practices for maintaining proper bookkeeping. Accurate and efficient bookkeeping is crucial for ensuring your business stays compliant and financially healthy. Whether you're a small business owner or managing a large enterprise, these strategies will help you keep your financial records in order. Stay tuned to learn how to streamline your bookkeeping processes and avoid common pitfalls.
Welcome to our channel! In today’s video, we’re uncovering the serious risks and negative consequences of neglecting bookkeeping. Proper bookkeeping is vital for maintaining financial health and ensuring business success. From financial mismanagement to potential business failure, we’ll explore the dangers of not having a solid bookkeeping system in place. Stay tuned to learn how you can protect your business from these pitfalls.
Welcome to our channel! In today’s video, we’re diving into the serious consequences of improper bookkeeping. Understanding the legal and financial penalties that can arise from poor bookkeeping practices is crucial for every business owner. We’ll highlight common mistakes and provide tips on how to avoid these costly errors. Stay tuned to protect your business from unnecessary risks.
Welcome to our channel! In today's video, we're uncovering the numerous benefits of bookkeeping for your business. Whether you're a small business owner or managing a large corporation, proper bookkeeping is essential. From maintaining accurate financial records to improving cash flow management, we'll explore how effective bookkeeping can enhance your business's success.
Welcome to our channel! In today's video, we're diving into the essentials of bookkeeping and accounting. If you've ever wondered about the differences between these two crucial financial processes, this video is for you. We’ll break down what bookkeeping entails and how it supports your overall accounting process. By the end, you'll have a clear understanding of why both are vital for your business's success.
Welcome to our channel! In today's video, we delve into the crucial role bookkeeping plays in your business's success. Whether you're a small business owner or running a large corporation, understanding bookkeeping is essential. We'll cover the basics, highlight the benefits, and explain the penalties and negative consequences of neglecting this vital aspect of your business. Stay tuned for practical tips on maintaining proper bookkeeping practices!
Welcome to our channel! In this video, Ashlin Hadden shares valuable insights on eCommerce insurance, specifically tailored for Amazon sellers. Learn about risk management, business protection, and essential tips for ensuring your small business is covered. Whether you're just starting out or looking to enhance your insurance strategy, this comprehensive guide has everything you need to know. Watch now to safeguard your Amazon FBA business and gain a competitive edge in the eCommerce industry.
Welcome to our channel! In this video, we dive into everything you need to know about Canada Revenue Agency (CRA) reviews, audits, and taxpayer rights. Whether you're a taxpayer or a professional navigating the CRA process, understanding these key points is crucial.
In this video I will be teaching you guys how to transfer your RRSP correctly and avoid what the CRA will consider an RRSP withdrawal!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video, we delve into the key disparities between a CRA Notice of Collection and a Notice of Assessment, crucial aspects of taxpayer responsibilities. Understanding these government notices is essential in navigating tax disputes, safeguarding taxpayer rights, and ensuring legal compliance with financial obligations. Join us to learn how Revenue Canada issues these notices in the realm of Canadian taxes and how they impact tax preparation processes.
In this video, we delve into a comprehensive guide on understanding the CRA's Demand to File Notice.
We cover compliance tips, tax obligations, income reporting, and tax planning strategies to navigate through regulatory requirements effectively.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
We will be teaching you guys all about the different types of engagements you can have with your CPA or Tax Preparer - and no, you are not getting married!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
What if there is a mistake on your Tax Return? Are you liable? What if it was prepared by a CPA or Tax Preparer - can you still get into trouble? We dive into the nitty gritty details of your responsibilities when you sign a tax return!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
This is Arielle’s interview with YourTV Niagara for International Women's Day. So proud and happy to be able to represent the Filipino community in Canada and be an inspiration to other immigrants as well!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video we will be talking about the difference between Bookkeepers and Tax Preparers!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
On December 12, 2024, the legislation to enact the Goods and Services Tax/Harmonized Sales Tax (GST/HST) break was passed into law by the Government of Canada. The GST/HST break lasts from December 14, 2024, to February 15, 2025, and gives a tax break on many everyday essentials.
If you want to ask for penalty and interest relief, you must send your request within 10 years from the end of the calendar year or fiscal period of concern. The CRA may also cancel interest and penalties that accrued within 10 calendar years of the year you made the relief request, regardless of the tax year or reporting period in which the debt originated.
No matter how you file your income tax and benefit return, the Canada Revenue Agency (CRA) is committed to making sure you get any refund, benefit, or credit payments that you may be eligible for. If you’re planning to file on paper this year, keep reading—this information is for you!
The Canada Revenue Agency provides a range of federal tax credits aimed at helping your business save money. By claiming these tax credits, you can lower your taxable income or lower the amount of tax you owe. To help you find which credits you may be eligible for, we’ve put together this handy resource.
Starting in spring 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through the CRA’s secure online portal, My Business Account, instead of by mail.
This Financial Literacy Month (FLM) we are talking about money and sharing with you ways to improve your finances through improved tax literacy. Tax know-how doesn’t happen overnight, and that’s okay. Every bit of knowledge you gain can have a big impact on your financial health. We’re here to guide you, one step at a time.
Starting January 2025, there will be updates to how information returns are filed electronically. If you file information returns, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income), or T5 (investment income), here are some important changes you need to be aware of…
November is Financial Literacy Month and this year, the theme is “Money on your mind? Talk about it”. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you!
Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you.
In 2024, a second earnings ceiling was introduced, the Year’s Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the Year’s Maximum Pensionable Earnings (YMPE). In 2025 and every year after, the YAMPE will be approximately 14% above the YMPE.
The Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2024 tax year, unless the CRA makes a direct request for these filings. This is a continuation of the exemption from the trust reporting requirements that was issued for bare trusts for the 2023 tax year.
As we approach the end of this year’s Cyber Month, the Canada Revenue Agency (CRA) is reiterating the importance of safeguarding personal information from ever-evolving cyber security threats.
The security of taxpayer information is of the utmost importance for the CRA and we are continually enhancing our security measures to help prevent unauthorized access to taxpayers’ information:
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
If you’re a crypto-asset user, knowing whether your transactions resulted in a capital gain (or loss) or in business income (or loss) is important because it may affect your taxes.
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
Whether the earnings you make from online platforms is your main source of income, or a small part of it, you are considered to be a platform economy participant. When it’s time to file your taxes, you must report all sources of your income, including gifts and donations.
Each area of the platform economy is unique, and participants can have different tax obligations.
For example, in general, if you provide goods or services and earn more than $30,000 over four calendar quarters, then you must collect and send the related goods and services tax / harmonized sales tax (GST/HST) to the Canada Revenue Agency (CRA). However, if you earn income from ridesharing, you must collect and send the GST/HST to the CRA regardless of the amount you earn.
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides over $3.7 billion annually in tax incentives to businesses who conduct research and development in Canada. The program is available to businesses of all sizes and in all sectors, including biomedical technologies, clean technologies, electrical engineering, and more. For information on what work is eligible for SR&ED, visit What work is eligible.
As we celebrate Small Business Week from October 20 to 26, the Canada Revenue Agency (CRA) is here to support Canada’s small business community. This week is dedicated to helping you connect, learn, and grow your business knowledge. We’re excited to share tax resources, tools, and services to help you tackle the challenges of running a business and keeping your tax affairs in check.
Hi, I’m Charlie! Charlie the chatbot. You can find me on the Canada.ca/CRA webpage where I can answer questions about your business and other tax-related matters. From January to June 2024, I was asked just over 1,100,000 questions in English and 160,000 questions in French. As we head into Small Business Week 2024, I am here to give you some information about business taxes based on questions that I’ve received from others.
The Canada Revenue Agency (CRA) would like to highlight new information about the Canada Carbon Rebate for Small Businesses, a refundable tax credit designed to support small and medium-sized enterprises across Canada. This initiative aims to return a portion of the federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs).
Note that businesses do not need to apply for this rebate. Those who are eligible will automatically receive the payment.
Every October, Cyber Month highlights the importance of safeguarding personal information from ever-evolving cyber security threats.
The security of taxpayer information is of the utmost importance for the Canada Revenue Agency (CRA) and we are continually enhancing our security measures to help prevent unauthorized access to taxpayers’ information.
The Canada Revenue Agency (CRA) understands that many businesses continue to change in response to new economic challenges and opportunities. As you undergo business changes, you may face different requirements in managing your tax affairs, and we are here to help, year-round, with your unique business needs.
You may be affected by Canada’s new Reporting Rules for Digital Platform Operators if you use digital platforms to earn income. These rules have been implemented to increase transparency and support compliance in the international tax community.
Under the rules, certain platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA). If you are a reportable seller, be aware of what is being reported by your platform operator(s) to ensure it’s accurate and consistent with what you report under existing tax obligations.
New reporting requirements for digital platforms have been implemented to increase transparency and support compliance in the international tax community. These reporting requirements are known as the Reporting Rules for Digital Platform Operators.
Under the rules, reporting platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA).
Tax literacy is an important life skill, and we want to make sure that students have the knowledge, skills, and confidence to make the right decisions about taxes. This back-to-school season, we’ve got you covered! Whether you are an educator, a parent, or an organization that supports educational growth, there are many resources that you can take advantage of this academic year.
Heading back to school? Make sure tax literacy is on your course calendar! Understanding taxes will help you make smart decisions about your finances – how to put money in your pocket and help you save for a holiday, a car, or a house of your own.
This July, the Canada Revenue Agency (CRA) expanded its SimpleFile services (phone, digital, and paper) to invite more than 500,000 eligible lower-income individuals to file their return and potentially gain access to important benefit and credit payments.
As of June 20, 2024, certain psychotherapists and counselling therapists are no longer required to collect the GST/HST on their services. The Canada Revenue Agency wants to ensure that all providers of these types of services have the information they need to determine their tax situation and take any next steps, such as closing their GST/HST account.
The July 15 deadline approaches to be eligible for the Canada Carbon Rebate for Small Businesses. This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium businesses.
What is changing starting January 2025:
T619 electronic transmittal
Submitting one information return type per file
Early system shutdown notification, 2024
The Canada Revenue Agency (CRA) is responsible for collecting individual overpayments for all COVID-19 benefit programs, such as the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) and the Canada Worker Lockdown Benefit (CWLB).
Starting in July 2024, for individuals who have not responded or co-operated, and who have been determined to have the financial capacity to pay, legal warnings will be issued and legal measures could be taken to recover monies owed. Legal measures are only taken when there is no cooperation from an individual with ability to repay the debt.