What Rate To Use? In today’s modern era of remote work, where you can sit at your desk in one place and do work for clients thousands of kilometres away, it’s more common than ever to run into this situation: you’re billing a client who is not in your province. So the question is—how do [...]
You can pay your taxes, in whole or in part, when you file your return, or you can wait until after you receive your Notice of Assessment. Payment On Filing - via Online Banking* If you want to pay when you file your return, you can do so through online banking. Set up the [...]
Tax season looks a little different for everyone — and over the years, we’ve seen just about every approach. Whether you file early, right on time, or somewhere in between, your habits say more about you than you might think. So… which one sounds most like you? A. I file as soon as possible. As [...]
As we approach one of the biggest tax filing days of the year* and tension rises, it’s time to remind everyone of one important thing: Even if you can’t afford your tax bill, file your tax return on time Bonaventure Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation means you can [...]
What is My Account? My Account is the online system CRA uses to give taxpayers access to their tax accounts. Many Canadians rely on CRA My Account to view tax slips, check notices of assessment, and track refunds or benefit payments. Once you have access, CRA My Account allows you to: View Notices of [...]
Q: I did some work in December and sent out an invoice that got paid in January. Do I have to declare the income in the year when I billed, or in the year when I got paid? A: There are two ways of declaring income: accrual and cash. With Accrual, the income is [...]
Big news! Personal Tax Advisors has a new name and a new look for 2026. We're now Bonaventure Personal Tax Advisors. Behind the scenes we’re the same team, with the same goal as always: to treat our clients like family, and make your tax filings and dealings with CRA as stress-free as possible. Looking for [...]
Here at Bonaventure Personal Tax Advisors, we serve a lot of new clients who come to us having fallen several years behind on their income tax filing. It's some of the most deeply rewarding work we do, because we’re able to not only help with taxes (as always), but alleviate a lot of emotional [...]
If you’ve recently incorporated your small business, congratulations! Incorporation comes with lots of new advantages… and a handful of new responsibilities. One of the first decisions you’ll need to make is choosing your fiscal year-end (FYE). If you’ve never dealt with one before, don’t worry — most new business owners haven’t. Let’s break it down [...]
Coming home from Mexico, where it was a balmy 27°C, to an overnight snowfall here in Canada was a bit of a shock to the system. Most people prefer life with as few shocks as possible—and I’m no different. That’s one of the reasons I’m a mostly conservative tax preparer. Here’s the thing: the CRA [...]
