Financial insights, tax tips, and accounting news to help you succeed.
Self-employment offers flexibility—but it also means managing your own CPP contributions and GST/QST obligations. From understanding contribution rates to knowing when registration is required, proper planning helps avoid costly surprises and keeps your business finances on track.
Side hustles can boost your income—but they also come with tax responsibilities many Canadians overlook. From reporting freelance earnings to understanding deductible expenses and GST/HST registration rules, knowing your obligations helps you avoid surprises and keep your extra income working for you.
Your first tax season as a homeowner comes with new rules, credits, and considerations. From claiming the Home Buyers’ Amount to understanding home office and moving expense deductions, knowing what applies—and what doesn’t—can help you avoid missed benefits and costly mistakes.
Waiting on a tax refund? In Canada, delays are often caused by simple filing mistakes—like missing tax slips, outdated personal information, or overlooked credits. Learn the most common errors that slow down refunds and how proper preparation can help ensure a smooth, stress-free tax season.
Canadian drivers need to track travel expenses carefully to maximize deductions while staying compliant with CRA and Revenu Québec rules. Whether using the actual expense method or the simplified per diem approach, keeping clear records is essential. A&S Financials helps drivers choose the right method, set up proper documentation, and ensure accurate federal and Quebec filings making tax time simpler and stress-free.
As the year ends, Quebec small business owners need to stay on top of payroll, tax filings, inventory, and record keeping to avoid penalties and ensure smooth operations. A&S Financials supports businesses with expert guidance on payroll, GST/QST, inventory reviews, and audit preparation, helping you close the year confidently and start the next one on the right track.
What if a few quiet changes to the tax system could put more money back in your pocket without you earning a dollar more? As 2026 approaches, Canada’s updated federal tax rules are set to reshape how much you keep, how soon you move into higher tax brackets, and how effectively you can plan ahead. This blog unpacks the key changes every Canadian should understand and why knowing them early could make a meaningful difference to your finances.