Versatile Accounting Professional Corporation

06/06/2026

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06/04/2026

As a CRA account user, you can avoid missing important updates by switching your correspondence preference from paper to electronic mail.

Here’s how to make the switch in seven easy steps:

1️⃣ Sign in to your CRA account
2️⃣ Select your individual account to go to My Account
3️⃣ Select Profile, and go to Notification preferences
4️⃣ Select Edit, and then select Start
5️⃣ Select Electronic mail, then select Next
6️⃣ Tick the box to confirm you agree with the Terms of use
7️⃣ Select Submit

Still getting paper cheques? They’ll keep coming by mail unless you sign up for direct deposit.

https://www.canada.ca/en/revenue-agency/services/update-information-cra/personal/change-mail-online.html

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05/12/2026

Good news. Carbon rebate is non-taxable for businesses!

📢 Attention small and medium businesses! Canada Business

The Canada Carbon Rebate for Small Businesses is now non-taxable for all fuel charge years.

Here’s what this means for your business:

➡️ If you filed your T2 Corporation Income Tax Return before June 30th, 2025, and your rebate was clearly reported on Line 295 of Schedule 1, we’ll adjust your return automatically to remove the rebate from your taxable income. No further action is needed.
➡️If you filed your T2 return after June 30th, 2025, and included the rebate in your taxable income, you’ll need to submit an adjustment request.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/business-tax-credits/canada-carbon-rebate-small-businesses/tax-treatment-rebate.html?utm_content=2026-04-09_2198

[Image description: A person sands a chair. The text: “The Canada Carbon Rebate for Small Businesses“]

05/08/2026

Happy Mother’s Day to the amazing moms, caregivers, and mother‑figures who make our workplaces, families, and communities stronger.

Your ability to balance responsibilities, support others, and lead with patience and heart is nothing short of extraordinary. We are grateful for the dedication, resilience, and warmth you bring into everything you do.

On behalf of our firm, we celebrate you today and every day.

And in true honesty — many of you manage life with far more grace than your boss manages his inbox and phone calls, so please accept this message as both appreciation and admiration.

Wishing you a wonderful Mother’s Day filled with rest, joy, and well‑deserved recognition.
— Versatile Accounting & Tax