Alexander Khan & Co Accounting and Tax Services Inc.

Alexander Khan & Co Accounting and Tax Services Inc. Tax & Accounting Services.

Did you know your business may be eligible for GST/HST rebates?The Canada Revenue Agency (CRA) offers a wide range of GS...
04/20/2026

Did you know your business may be eligible for GST/HST rebates?
The Canada Revenue Agency (CRA) offers a wide range of GST/HST rebate programs that can help recover taxes paid on certain goods and services.
Here are a few common scenarios where rebates may apply:
• Amounts paid in error
• Exported commercial goods or artistic works
• Certain investment plans
• Travel expenses for qualifying organizations
• First-time home buyers (specific conditions apply)
After you apply:
Your rebate claim will be assessed, and a Notice of Assessment will be issued—usually through your My Business Account. Make sure email notifications are enabled so you don’t miss important updates.
Important reminder:
The CRA may hold your rebate if there are outstanding filings under acts like the Excise Tax Act or Income Tax Act. Staying compliant ensures faster processing.
Need to correct a past claim?
You may be eligible to update it through the Voluntary Disclosures Program and potentially avoid penalties.
Navigating GST/HST rebates can be complex—but you don’t have to do it alone.
Our team is here to help you identify opportunities, file correctly, and maximize your returns.
Contact us today to see what rebates your business could claim.

Important Update for Canadian Business Owner - Is your business growing? It might be time to talk about the GST/HST. The...
04/14/2026

Important Update for Canadian Business Owner - Is your business growing? It might be time to talk about the GST/HST.
The CRA has recently updated its registration processes, and there’s a major deadline approaching that every entrepreneur needs to know. Here’s the breakdown:
Starting November 3, 2025, the CRA will no longer accept Business Number (BN) or program account registrations over the phone. Everything is moving to the Business Registration Online (BRO) portal.
Tip: If you have a SIN starting with 9, you can now use the BRO service to get your business number and GST/HST account instantly!
Do You Need to Register?
You are generally required to register for a GST/HST account if you make taxable sales in Canada and are not a “small supplier” with the $30,000 Rule:
You stop being a small supplier if your total taxable revenues exceed $30,000 in:
• A single calendar quarter (Register immediately!)
• Four consecutive calendar quarters (Register by the end of the month following the quarter you crossed the limit.)
Why Voluntary Registration?
Even if you earn less than $30,000, you can choose to register voluntarily. This allows you to claim Input Tax Credits (ITCs) to recover the GST/HST you pay on your business expenses.
Don't Get Caught by Effective Dates
Timing is everything. If you cross the threshold, your effective registration date is often the day of the sale that pushed you over $30,000. Missing this window can lead to penalties and back-taxes.
Feeling overwhelmed by the math?
Don't wait until the CRA sends a letter. Let us help you review your quarterly earnings and handle the online registration for you.

Understanding the GST/HST - Is your business still a "Small Supplier"? If you’ve been watching your revenue grow, you mi...
03/26/2026

Understanding the GST/HST - Is your business still a "Small Supplier"?
If you’ve been watching your revenue grow, you might be closer to the GST/HST finish line than you think. The CRA is clear: once you cross that $30,000 threshold, the rules change—and fast.
The Quick Breakdown:
• Under $30k: You’re likely a "small supplier." Registration is optional.
• Over $30k in ONE quarter: You stop being a small supplier immediately. You must charge GST/HST on the very sale that put you over the limit.
• Over $30k over FOUR quarters: You have until the end of the month following that fourth quarter to register.
Important Update: Starting November 3, 2025, the CRA is ending business registration by phone. Everything is moving to the Business Registration Online (BRO) system.
Don't wait for an audit to find out you should have been charging tax. Let’s look at your last four quarters together and make sure you're compliant.
Contact us for a quick threshold check!

Are your workers Employees or Self-Employed? The CRA’s definitions might surprise you.Misclassifying a worker can lead t...
02/18/2026

Are your workers Employees or Self-Employed? The CRA’s definitions might surprise you.
Misclassifying a worker can lead to serious payroll and tax complications. Even if you both agree to a "self-employed" setup, the CRA looks at the actual facts of the working relationship, not just your intentions.
Here is how the CRA defines the difference:
The Employee (Contract OF Service)
• Works under your strict direction and control.
• Does not have the chance to make a profit or suffer a financial loss.
• Is an integral part of your business operations.
• Often receives benefits, paid vacation, or falls under a collective agreement.

The Self-Employed Worker (Contract FOR Services)
Operates their own independent business.
Is completely free to choose how the contracted work is carried out.
Is not under the direct control or supervision of the payer.

If you are unsure where your workers land, you don't have to guess. You can request a CPP/EI ruling from the CRA to get an official determination.

Need help reviewing your contracts or applying for a ruling? Our team is here to protect your business. Send us a message today!

Employee or Contractor? The contract isn't the only thing that matters.As a business owner, how you classify your worker...
02/12/2026

Employee or Contractor? The contract isn't the only thing that matters.
As a business owner, how you classify your workers (Employee vs. Self-Employed) has a massive impact on your tax obligations and their benefits. But did you know that simply agreeing on a status isn't enough for the CRA?
According to CRA guidelines, the actual working relationship determines the status—not just the intention or the title in the contract.
If the facts of the day-to-day work don't match the "Self-Employed" label, you could be on the hook for unremitted CPP and EI.
We can help you:
• Review your current worker arrangements.
• Determine if a CPP/EI ruling is necessary.
• Ensure your payroll is compliant before tax season hits.

Send us a message to set up a consultation.

Understanding the Claiming Capital Cost Allowance (CCA): What Business Owners Should Know When you purchase depreciable ...
02/04/2026

Understanding the Claiming Capital Cost Allowance (CCA): What Business Owners Should Know
When you purchase depreciable property for your business—such as buildings, furniture, or equipment—you can’t deduct the full cost all at once.
Instead, the CRA allows you to spread the deduction over several years through Capital Cost Allowance (CCA). This reflects how assets wear out or become obsolete over time and helps match expenses with the income they generate.
• CCA is claimed annually
• The full cost cannot be deducted in the year of purchase
• Different assets fall into different CCA classes with specific rates
Important note:
If you or your business has been impacted by a disaster, the CRA offers additional guidance and support that may affect how CCA is applied.
Not sure which assets qualify or how much to claim? Proper CCA planning can make a big difference to your tax outcome. Reach out to your accountant for tailored advice.

Understanding Business or professional income – by completing Form T 2125Using the tax reporting form T2125, named state...
02/03/2026

Understanding Business or professional income – by completing Form T 2125
Using the tax reporting form T2125, named statement of Business or professional activities, to report your business or professional income or expenses.
This form can help you to calculate your gross income and your net income (loss), which are required when you complete your federal income tax and benefit return.
For more information on how to fill out Form 2125, contact us immediately, we are here to help!

2025 Tax Filing & Payment Deadlines – Mark Your Calendar!Tax season is coming up, and staying on top of key dates can he...
01/28/2026

2025 Tax Filing & Payment Deadlines – Mark Your Calendar!
Tax season is coming up, and staying on top of key dates can help you avoid late filing penalties and interest charges. Here’s what you need to know for your 2025 personal taxes in Canada:
Earliest day to file online:
• February 23, 2026
Tax filing deadlines:
• April 30, 2026 – Most individuals
• June 15, 2026 – If you or your spouse/common-law partner were self-employed in 2025
Tax payment deadline:
• April 30, 2026 – Any balance owing must be paid by this date (even if you qualify for the June 15 filing deadline)
Planning ahead can make tax season far less stressful. If you have questions or need help preparing your return, our team is here to help.
Contact us early to book your tax filing appointment!

Tax Season Prep Alert: Don't Wait to Update Your CRA Account!Avoid Tax Season Headaches! Tax season is approaching, and ...
01/21/2026

Tax Season Prep Alert: Don't Wait to Update Your CRA Account!
Avoid Tax Season Headaches!
Tax season is approaching, and the last thing you need is a surprise delay or a locked account. The CRA has highlighted some key steps you should take now to ensure a smooth filing process starting February 23, 2026.
Here’s your quick pre-season checklist:
• TEST YOUR LOGIN NOW
Can you access your CRA account? If you’ve forgotten your credentials, recover them before the February rush. Call volumes spike once tax season begins.
• SET UP BACKUP MULTI-FACTOR AUTHENTICATION (MFA)
Starting in February 2026, the CRA will require a backup MFA option. Set this up now to avoid being locked out later. Choose between a passcode grid or an authenticator app.
• UPDATE YOUR PERSONAL INFORMATION
Moved? Changed your phone number or marital status? Update your details in your CRA account to prevent delays in benefits, credits, and your tax return processing.
Taking a few minutes now can save you hours of frustration later. Proactive preparation is the key to a stress-free tax season!
Need help navigating your CRA account or ensuring your records are ready for filing? We’re here to help—reach out to our team for personalized support.
Ready to get started? Log into your CRA account today.

Address

Calgary, AB
T2E2P8

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+14034542721

Website

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