Brownlow Partners Chartered Professional Accountants

Home
Canada
Hamilton, ON
Brownlow Partners Chartered Professional Accountants

Trusted advisors building tailored solutions to enhance the success of privately held businesses.

06/19/2026

☀️ Summer is almost here! ☀️

As we approach the first day of summer, it's a great reminder to take a moment to appreciate the season ahead—longer days, new opportunities, and time spent with family, friends, and community.

For business owners, summer can also be the perfect time to step back and assess your goals for the second half of the year. Are you on track? Are there opportunities to improve efficiencies, strengthen cash flow, or plan for future growth?

At Brownlow, we're looking forward to helping our clients make the most of the months ahead.

Wishing everyone a successful, enjoyable, and sunny start to summer!

06/16/2026

Many business owners spend years building their company but postpone planning for what comes next.

Whether retirement is five years away or fifteen, succession planning helps:
✔ Protect business value
✔ Reduce transition risks
✔ Create tax efficiencies
✔ Provide peace of mind

The best succession plans start earlier than you think. https://brownlowcas.com/advisory/

06/12/2026

💬 Ask an Accountant: June Edition

Q: "How often should I review my financial statements?"

A: At minimum, business owners should review their financial statements quarterly. Monthly reviews can provide even greater insight into trends, profitability, cash flow, and emerging opportunities.

The businesses that make the best decisions aren't waiting until tax season to look at their numbers.

06/05/2026

💡 RRSP Match vs. DPSP — What’s the Difference?
If you’re an employer offering retirement benefits, here’s a quick breakdown 👇

📌 RRSP Matching
When an employer matches an employee’s RRSP contribution:

• It’s considered a taxable benefit
• Added to Box 14 (employment income) + Box 40 (benefits) on the T4
• Subject to CPP & EI (but typically no income tax withheld)
• Employee receives an RRSP receipt to claim the offsetting deduction

💼 For accounting:
• Employer match = expense
• Employee portion = not an expense (flows through to RRSP)
• Often tracked through a liability account until remitted

📌 DPSP (Deferred Profit Sharing Plan)
A different structure entirely:

• Only the employer contributes (no employee portion)
• Not a taxable benefit when contributed ❌
• Reported in Box 52 (Pension Adjustment)
• Reduces employee’s future RRSP room

💼 For accounting:
• Employer contributions = business expense
• No CPP, EI, or income tax withholdings

✨ Bottom line:
RRSP matching = immediate taxable benefit
DPSP = tax-deferred employer contribution tied to profit sharing

Have questions about which plan makes the most sense for your business? Let’s talk!

06/04/2026

Yesterday at Brownlow, we came together for our quarterly firm-wide meeting—a valuable opportunity to connect, collaborate, and align on our goals for the months ahead.

These meetings give us the chance to celebrate team accomplishments, share updates across departments, discuss industry trends, and ensure we're continuing to deliver exceptional service to our clients.

One of the greatest strengths of our firm is our people. Taking time to learn from one another, exchange ideas, and work toward a shared vision helps us continue to grow—both as professionals and as a team.

Thank you to everyone who contributed to a productive and engaging session. We're excited about what lies ahead and look forward to continuing to support our clients and communities throughout the rest of the year.

06/02/2026

June marks the halfway point of the year—making it the perfect time to assess your business performance.

Ask yourself:
✔ Are revenues tracking to budget?
✔ Are profit margins where you expected?
✔ Have cash flow challenges emerged?
✔ Are there opportunities to improve efficiency?

A mid-year review can help you identify issues early and make adjustments before year-end.

05/28/2026

🌸 Spring Fresh Start 🌸

Now is the perfect time to shift from filing preparation to longer term planning.

✔️ Review your cash flow
Do you know what’s coming in—and going out—each month? A clear picture helps you make better day-to-day decisions.

brownlowcas.com

05/22/2026

💬 Ask an Accountant: May Edition

Q: Do I need to start paying tax installments—and how do I know?

A: If you owed more than $3,000 in taxes this past year (or in either of the two previous years), the CRA may require you to start making quarterly tax installment payments. These are essentially pre-payments toward your next tax bill to help spread the cost out over the year.

Even if you’re not required to pay installments yet, it can still be a smart move—especially if your income is growing or less predictable. It helps avoid a large balance owing (and potential interest) at tax time.

05/20/2026

Tax season can leave things a little… chaotic. Now’s the time to tidy up your records, catch up on anything that got missed, and make sure everything is categorized properly.

Think of it as a reset: clean data = clearer insights, better decisions, and way less stress next tax season.

A little organization now goes a long way for the months ahead.

05/18/2026

Happy Victoria Day!

Wishing our clients, colleagues, and community a safe and relaxing long weekend as we celebrate Victoria Day 🌷

Whether you're heading to the cottage, firing up the BBQ, or just taking a well-deserved break—we hope you make the most of it!

We’ll be back refreshed and ready to help you plan for what’s ahead!

Address

259 Wilson Street
Hamilton, ON
L9G2B8

Telephone

+19056480404

Website

http://www.brownlowcas.com/

Alerts

Be the first to know and let us send you an email when Brownlow Partners Chartered Professional Accountants posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Brownlow Partners Chartered Professional Accountants: