R&Co Chartered Professional Accountant Prof Corp

12/27/2025

📣 BREAKING NEWS for Canada’s Trucking Industry

The Canada Revenue Agency (CRA) has officially lifted the moratorium on penalties for failing to report fees for service on T4A slips for the 2025 tax year and beyond. Trucking companies will now face penalties if they don’t report payments over $500 for services provided by incorporated drivers and other service providers in the trucking sector.

📌 What this means:
✔ The CRA will enforce reporting of fees for services in box 048 of the T4A slip for payments exceeding $500.
✔ These T4A slips must be issued by Feb. 28, 2026 (considered on-time if postmarked by March 2, 2026).
✔ Companies whose primary income is from trucking (more than 50 %) must now comply or risk penalties.

The CRA states that this change is part of efforts to enhance tax compliance, increase transparency, and ensure fairness in the trucking industry, particularly addressing driver misclassification and reporting gaps.

👉 For official CRA details, see:
https://www.canada.ca/en/revenue-agency/news/2025/12/cra-strengthens-compliance-in-trucking-sector-by-lifting-the-moratorium-on-t4a-penalties.html

Stay tuned for CRA guidance on how to meet the updated reporting requirements

Trucking is vital to connecting Canada’s vast and expansive territory and bridging our united economies.

12/22/2025

🎄 Season’s Greetings from R&Co.!

As the year comes to a close, we would like to thank our clients, partners, and community for your trust and support throughout the year.
We wish you and your families a joyful Christmas and a happy, healthy, and prosperous New Year.

✨ Thank you for being part of our journey.

— The R&Co. Team

12/21/2025

📢 We’re Hiring! – Administrative Assistant / Bookkeeper
📍 R&Co. Accounting – Saskatoon, SK
Are you organized, detail-oriented, and passionate about supporting an accounting team? We want to hear from you!
Position: Administrative Assistant / Bookkeeper (Part-Time with potential to go Full-Time)
📆 Apply by: January 15, 2026
📍 Location: Saskatoon, SK
🕒 Hours: Part-Time (possible full-time in the future)
📚 Education: Certificate or Diploma in Accounting or Finance
💼 Experience: 1–2 years preferred
What you’ll do:
✔ Perform bookkeeping for multiple clients
✔ Conduct account analysis & reconciliations
✔ Record transactions in QuickBooks (Online & Desktop)
✔ Maintain financial records
✔ Support general office duties
✔ Assist with data entry for tax returns
✔ Help with year-end procedures
You’re a great fit if you have:
✨ Bookkeeping or administrative experience
✨ Strong attention to detail
✨ QuickBooks and general office software skills
✨ Great multitasking and organizational abilities
📧 How to Apply:
Send your resume & cover letter to: [email protected]
We’re excited to grow our team—apply today! 🙌

12/20/2025

📢 We’re Hiring! – Administrative Assistant / Bookkeeper
📍 R&Co. Accounting – Saskatoon, SK

Are you organized, detail-oriented, and passionate about supporting an accounting team? We want to hear from you!

Position: Administrative Assistant / Bookkeeper (Part-Time with potential to go Full-Time)
📆 Apply by: January 15, 2026
📍 Location: Saskatoon, SK
🕒 Hours: Part-Time (possible full-time in the future)
📚 Education: Certificate or Diploma in Accounting or Finance
💼 Experience: 1–2 years preferred

What you’ll do:
✔ Perform bookkeeping for multiple clients
✔ Conduct account analysis & reconciliations
✔ Record transactions in QuickBooks (Online & Desktop)
✔ Maintain financial records
✔ Support general office duties
✔ Assist with data entry for tax returns
✔ Help with year-end procedures

You’re a great fit if you have:
✨ Bookkeeping or administrative experience
✨ Strong attention to detail
✨ QuickBooks and general office software skills
✨ Great multitasking and organizational abilities

📧 How to Apply:
Send your resume & cover letter to: [email protected]

We’re excited to grow our team—apply today! 🙌

Send a message to learn more

11/16/2025

We successfully hosted our Small Business Taxation Seminar!

Thank you to everyone who joined us for learning, discussion, and practical tax knowledge for Canadian small business owners.

Our team is grateful for your trust and energy. We hope the knowledge shared will help you feel more confident and organized in managing your business taxes.

More seminars are coming soon — stay tuned!

11/07/2025

New CRA Self-Service Options Coming Soon!

Starting October 20, 2025, the CRA will introduce several new online services designed to make tax management easier and faster:

✅ “Register again” – Existing users who’ve been locked out of their CRA account or forgot their sign-in details will soon be able to regain access without calling.
✅ Manage balance service – Taxpayers with balances of $1,000 or more can independently set up payment arrangements, make full or partial payments, schedule payment plans, or connect with a collections officer — all directly in My Account.
✅ Expanded GenAI chatbot (November launch) – More instant answers to frequently asked questions, reducing wait times and improving convenience.

The CRA continues to modernize digital tools to help Canadians manage taxes securely, efficiently, and independently — anytime, anywhere.

06/09/2025

📢 Important Update from CRA for Businesses 📢

Starting May 12, 2025, the Canada Revenue Agency (CRA) will switch to online mail as the default method for sending most business correspondence.

What this means for your business:
✅ CRA will send notices and letters to your online CRA My Business Account
✅ You’ll receive an email notification when new correspondence is available
✅ Less paper, faster communication, and improved security

📌 Make sure your CRA My Business Account is set up and your contact information is up to date so you don’t miss anything important!

Need help setting it up or want to know what this means for your business? We're here to help!

Starting May 12, 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through the My Business Account portal in your CRA accoun...

03/20/2024

New reporting requirements for trusts: T3 returns filed for tax years ending after December 30, 2023

Information on new reporting requirements for trusts, T3 returns filed tax years ending after December 30, 2023. Who is affected. Legislation on Bill C-32 on Bare trust reporting.

02/20/2024

02/11/2024

IMPORTANT DATES FOR 2023 TAX YEAR

Filing dates for 2023 taxes
Feb 19 2024: Electronic transmission service opens for 2023 tax returns
Feb 29 2024: Deadline to contribute to an RRSP, a PRPP, or an SPP
Apr 30, 2024: Deadline to file your taxes
Apr 30, 2024: Filing deadline for UHT return
Jun 17, 2024: Deadline to file your taxes if you or your spouse or common-law partner are self-employed

Payment date for 2023 taxes
Mar 15, 2024: Payment due date for first quarterly 2024 tax instalment
Apr 30, 2024: Deadline to pay your taxes