Financial Learning Resources
Client Education Center
Empowering our clients with knowledge and resources for financial success. Learn, grow, and make informed decisions for your business.
Educational Resources
Free resources to help you understand financial concepts and make better business decisions.
Guide
Tax Guide for Small Businesses
Essential tax planning strategies and deductions every business owner should know.
Article
Financial Planning Basics
Learn the fundamentals of budgeting, cash flow management, and financial forecasting.
Video Series
QuickBooks Training Series
Step-by-step video tutorials to help you master your accounting software.
Media Library
Financial Planning Basics
Learn the fundamentals of budgeting, cash flow management, and financial forecasting.
2024 Canadian Tax Calendar
Critical deadlines for individuals and corporations
T4/T5 Slips Filing
February 28
Deadline for employers to file T4 and T5 slips with CRA
Details: Most individuals must file their tax return and pay any balance owing by April 30th
RRSP Contributions
March 1
Last day to contribute to RRSP for previous tax year
Details: Contributions must be made by 60 days after year-end (March 1st for most years)
Corporate Tax Payment
3 months after year-end
Final payment of corporate taxes due
Details: Balance of corporate income tax must be paid within 3 months of fiscal year-end
Personal Tax Filing
April 30
Individual income tax returns and payment due
Details: Most individuals must file their tax return and pay any balance owing by April 30th
Corporate Tax Filing
6 months after year-end
Corporate tax returns must be filed
Details: T2 corporate income tax returns must be filed within 6 months of fiscal year-end
Self-Employed Filing
June 15
Extended deadline for self-employed individuals
Details: Self-employed individuals and their spouses have until June 15th to file (but payment still due April 30th)
Important Note
• Corporate year-end dates vary by company - consult your incorporation documents
• Self-employed individuals must still pay taxes by April 30th even though filing is extended to June 15th
• RRSP contribution room is based on previous year's earned income
• Late filing and payment penalties apply - contact us for assistance if you're behind
Frequently Asked Questions
Common questions we receive from our clients about accounting and financial management.
1.How often should I review my financial statements?
We recommend reviewing financial statements monthly for small businesses and quarterly for larger operations. This helps identify trends and make informed decisions.
What business expenses are tax deductible?
Common deductible expenses include office supplies, business travel, professional services, software subscriptions, and equipment. Keep detailed records and receipts.
When should I consider hiring an accountant?
Consider hiring an accountant when your business grows complex, you're spending too much time on bookkeeping, or you need strategic financial guidance.
How long should I keep financial records?
Generally, keep tax records for 7 years, bank statements for 1 year, and permanent records like incorporation documents indefinitely.
Need Personalized Guidance?
While our resources are comprehensive, sometimes you need personalized advice. Schedule a consultation with our experts.
Guiding your business through financial clarity with expert accounting services. Your trusted beacon for financial success.
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📞 226-753-2469
📍 280 Woolwich St S Unit 600, Breslau ON