KBS Accounting and Bookkeeping Services

09/24/2026

**Facing a CRA audit? You don’t have to handle it alone, and your lawyer doesn't need to spend $500/hour sorting through your bookkeeping!**

When a CRA audit becomes complicated, your lawyer may need detailed financial records, reconciliations, transaction information and supporting documentation.

**That’s where KBS Accounting & Bookkeeping Services can help.**

I can work **alongside your lawyer as your accounting and bookkeeping support**, helping gather and organize records, review transactions, prepare financial schedules and provide the detailed accounting information your legal team needs.

And because my hourly rate is **significantly lower than typical legal rates**, having KBS handle the accounting work can help keep your professional fees under control — while your lawyer focuses on the legal side of your case.

📋 **Accounting support. Financial records. CRA audit assistance.**

You focus on your business.
Let KBS focus on the numbers.

**KBS Accounting & Bookkeeping Services**
*Your numbers. Our focus.*

📩 Contact me if you’re facing a CRA audit or need help getting your records in order.

06/08/2026

The decision in Canada v. Marine Atlantic is significant because it confirms that courts may order substantial enhanced costs where one party, such as but not necessarily, the CRA, unnecessarily increases the expense and length of litigation through improper conduct.

In criticizing CRA's conduct, the court suggested that parts of the dispute and resulting costs could have been avoided, implying that CRA continued to pursue arguments that ultimately did not succeed. The significance of the case is not only that the taxpayer won, but that the court was critical of how CRA handled the litigation along the way.

06/02/2026

New anti-flipping rules for residential real estate that came into effect in 2023

05/12/2026

UXBRIDGE, ON, April 9, 2026 – Finance minister Peter Bethlenfalvy, MPP for Pickering-Uxbridge, brought Associate Minister of Small Business Nina Tangri to town last week so that they could announce a tax break for small businesses.

Gathered at Low's Furniture store on Brock St. W. with Mayor Dave Barton, regional councillor Bruce Garrod and Dan Kelly, president and CEO of the Canadian Federation of Independent Business, Tangri said that across the province, small businesses make up about 98 per cent of all employer businesses and are responsible for 3.5 million jobs in the province.

She said the provincial government is helping small businesses by cutting red tape and lowering costs. In addition, Tangri said, the government is proposing to cut the small business corporate income tax rate from 3.2 per cent to 2.2 per cent as of July 1 this year.

"This cut will reduce the corporate income tax rate by 31.25 per cent," she said, "allowing 375,000 small businesses to benefit from $1.1 billion in additional tax relief."

She said the new tax cut will enable "qualifying small businesses" to realize up to $5,000 in savings each year. (Tangri did not elaborate on how a small business qualifies for the cut.) On top of that, the minister stated, the province intends to allow businesses to accelerate write-offs on a broad range of capital investments that would provide over $3.5 billion in income tax relief over four years.

02/25/2026

March 2, 2026 - Deadline to file T4, T5, and other information returns for the 2025 calendar year (moved from Feb 28 as it falls on a Saturday).

02/19/2026

do you need guidance on whether the worker you are intending to hire is an independent contractor or employee?

02/19/2026

As of 2026, Ontario homeowners can access window replacement rebates through the new Home Renovation Savings (HRS) program, offering $100 per rough opening for qualified energy-efficient windows. This initiative, which replaced earlier federal grants, often requires a minimum of 3 windows, with additional savings available when bundled with insulation or air sealing upgrades.

Key 2026 Window Rebate Details in Ontario:
Program: Home Renovation Savings Program (launched Jan 2025).
Rebate Amount: Generally $100 per window opening.
Requirements: Minimum of 3 window replacements required, and new windows must meet specific energy efficiency standards.
Application Process: Available through the Home Renovation Savings website.
Eligibility: Must be an Ontario resident with an eligible home (detached, semi-detached, row house, etc.).
Bundling Options: Combining with air sealing can provide up to $250 extra, and insulation upgrades can offer up to $7,700.

For low-to-median-income households, the Canada Greener Homes Affordability Program may provide more substantial support, potentially covering full costs for eligible retrofits. It is highly recommended to check the official Home Renovation Savings portal for the most current requirements before starting, as programs and eligibility can change

02/10/2026

IMPORTANT DATES and DEADLINES

February 23, 2026 – This is the date you can start filing your 2025 income tax and benefit return online. For the early tax filers out there, take a moment to make sure you have all your tax slips before you file.

April 30, 2026 – This is the deadline for most individuals to file their 2025 income tax and benefit return and pay any taxes owed. By filing and paying on time, you will avoid late-filing penalties and interest.

June 15, 2026 – This is the deadline for self-employed individuals to file their 2025 income tax and benefit return. If you are not self-employed, but your spouse or common-law partner is, you have the same deadline. If you owe money, you will still need to pay by April 30, 2026, to avoid paying interest.

02/06/2026

DID YOU MAKE A MISTAKE ON YOUR TAXES? The Voluntary Disclosures Program (VDP) is for taxpayers that need to correct their tax affairs (usually done when it creates more taxable revenue) AND receive some financial relief.

Voluntary applications will be eligible for two different types of relief:
- Unprompted applications (general relief)
- - - Applications submitted that have not yet received compliance letter from CRA will be eligible for 75% interest relief and 100% penalty relief

- Prompted applications (partial relief)
- - - Applications submitted after being prompted with a compliance letter from the CRA will be eligible for 25% interest relief and up to 100% penalty relief.

02/02/2026

How to get what you need to file on paper:

The CRA will continue to support individuals who choose to file on paper. Beginning on January 20, 2026, you can:

Order, view, download, and print the package online at Forms and publications - CRA.
Call the CRA’s automated phone line at 1-855-330-3305 (non-residents can call 1-613-940-8495). If you choose to call, your Social Insurance Number (SIN) will be required.
If you’re looking for documents not included in the package, including the schedules that have been removed, we’ve got you covered! You can get any forms and schedules, or publications not included in the package, by using the methods listed above.

It can take up to 10 business days for publications and forms to arrive by mail. If you try to obtain a 2025 income tax package before January 20, 2026, the most recent version available will be the 2024 income tax package.

In 2025, approximately 93% of income tax and benefit returns were filed online. If you typically file on paper, why not enjoy the benefits of online filing?