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Understanding important tax deadlines helps you avoid late penalties and unnecessary stress. Personal Tax Filing Deadline For most individuals, the deadline to file personal income taxes is April 30 each year. Self-Employed Individuals If you or your spouse are self-employed, the filing deadline is typically June 15 . However, any taxes owed are still due by April 30 . RRSP Contribution Deadline Contributions made before the annual RRSP deadline ( March 02) may be applied to

Tax season can feel overwhelming, especially when you're trying to make sure everything is accurate. Even small mistakes on a tax return can cause delays, reassessments, or missed deductions. Here are some of the most common tax mistakes and how you can avoid them. 1. Missing Income All income must be reported, including employment income, freelance work, and investment income. Forgetting a slip can trigger a reassessment from the tax authorities. 2. Incorrect Personal Inform

As tax season approaches, one of the most common questions we hear is: “What documents do I need to prepare my taxes?” Getting organized ahead of time can save you time, reduce stress, and help ensure nothing important is missed. Common Tax Documents to Gather Before meeting with your accountant or filing your return, it’s helpful to collect the following documents: Income Slips T4 – Employment income T4A – Pension, scholarships, or self-employment income T5 – Investment inc

It’s been a busy few months here at our office. While our social media may have been a little quiet lately, our team has been working hard behind the scenes helping clients stay organized, answer financial questions, and prepare for the upcoming tax season. With tax season quickly approaching, now is the perfect time to start getting your documents together. Gathering your receipts, T4s, investment slips, and other important records early can help make the filing process smoo

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Not-for-profit organizations (NPOs) play a vital role in addressing societal needs, but they often face unique accounting challenges that...

Are you a small business owner in Ottawa looking for personalized and tailored accounting services? Look no further than Bofran LLP, a...

Tax season is just around the corner, and it's time to start thinking about how you can maximize your tax savings. If you're located in...

Are you in the search for expert not-for-profit accounting services in Ottawa? Look no further than Bofran LLP, a distinguished...