Crosby Business and Tax Services Ltd.

02/20/2026

CRA has just released a news update that the moratorium for Trucking companies to issue T4As has been lifted and now must issue T4As for amounts over $500 and it applies to the 2025 year not the 2026 year we are currently in. The newsletter released today February 20th - to avoid late filing penalties slips are due month end.

Tax obligations for businesses operating in the trucking industry

12/25/2025

Merry Christmas, everyone! From our families to yours !!

12/07/2025

💡 The disability tax credit (DTC) can help reduce taxes for persons with disabilities or their caregivers, helping to cover some extra costs related to the impairment.

It's a non-refundable tax credit, making it a great way to reduce your tax burden.

If you live with a severe and long-term disability or care for someone who does, you could be eligible!

Get all of the details ➡️ https://ow.ly/MoRz50XvSJG

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12/07/2025

🏡 Adding a secondary suite to house a loved one? There’s a tax credit that can help you with the cost of renovations. See if you qualify 👉 https://ow.ly/y6RW50XyMBf

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12/07/2025

We’re improving our web content so you can find info easier, and without needing to call us. Check out the topics we’ve made changes to as part of out 100-day plan to improve service:

✅ tax-free savings accounts
✅Canada child benefit
✅registering a business
✅and more!

https://ow.ly/2sPR50XyHqE

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12/07/2025

Attention employers!

The 2026 maximum pensionable earnings limits for the Canada Pension Plan (CPP) are out.

Also out: the 2026 second higher earnings limit to determine second additional CPP contributions.

Make sure you’re prepared: https://ow.ly/Oo8n50XyHvc

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11/14/2025

Good news! Even if you forgot your CRA user ID or password, you may be able to register for a new credential online, no need to call us. This enhancement is part of our ongoing efforts to expand digital self-service options, in line with our 100-Day Service Improvement Plan.

Get your most recent tax return and multi-factor authentication (MFA) information ready. To help keep your account secure, your old credential will be removed. https://ow.ly/QBjh50Xl7Bw

If you have lost access to your MFA information or have had your account locked by the CRA, phone support remains available to assist you.

[Image description: The text “Regain access to your CRA account” next to the icon of a keylock.]

11/14/2025

11/14/2025

As part of our 100-day Service Improvement Plan, you must now register for your Business Number (BN) and CRA program accounts online when starting a business.

It’s quick, secure, and available 7 days a week.

✅ No waiting on hold
✅ No paper forms
✅ Instant confirmation

Get set up to collect GST/HST, pay employees and more, in just a few steps: https://ow.ly/1Ewg50Xozle

[Image description: A person sits at desk with a computer and looks at their smartphone. The text reads “Register online for your Business Number”.]

09/10/2025

Grab yours now!

09/10/2025

Parents: Students in your life could be eligible for education-related deductions or credits that can help reduce their taxes.

Some common ones include:

💰 tuition fees
📃 interest paid on student loans
📦 moving expenses (if they moved for school or work)

Other credits and deductions may also apply, depending on their circumstances. Find out what students can claim: https://ow.ly/ou2x50WOfcJ

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07/06/2025

Are you a first-time home buyer? You may be eligible to open a first home savings account (FHSA) to help you save for your down payment! Learn how it works: https://ow.ly/3TBf50WkosI

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