Advanth LLP LINDA YU CPA PC INC Chartered Professional Accountants

Advanth LLP LINDA YU CPA PC INC Chartered Professional Accountants Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Advanth LLP LINDA YU CPA PC INC Chartered Professional Accountants, Tax preparation service, #501, 201-21st Street East, Saskatoon, SK.

CPA/ CMA with 16+ years of experience
Personal/Corporate Tax, Tax Planning and Business Advisory
How to get to our office click the link
https://youtu.be/Kr0e1MuAj18

🚩 The $30,000 rule trips up more new business owners than anything else. In Canada, you MUST register for GST/HST once...
05/21/2026

🚩 The $30,000 rule trips up more new business owners than anything else.

In Canada, you MUST register for GST/HST once your taxable revenue crosses $30,000 — either in a SINGLE calendar quarter, OR over the past FOUR calendar quarters combined.

Pay attention to the wording:
🔸 NOT profit — REVENUE (before expenses)
🔸 NOT each business — worldwide taxable supplies combined
🔸 Crossing $30K in a single quarter triggers it immediately.
🚨 Miss it, and CRA can make YOU pay the GST/HST you should have collected — out of your own pocket.
💡 Under $30K? Registration is optional. But some businesses voluntarily register early to claim Input Tax Credits (ITCs) on equipment, supplies, and rent.
📌 At Advanth LLP, we help Saskatoon small business owners file accurately and plan ahead.
💬 June 15 is the deadline for self-employed returns. Message us today!

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

Mixing Personal and Business Expenses? That's Where Problems Start.💳 One bank account. Groceries on the business card. "...
05/14/2026

Mixing Personal and Business Expenses? That's Where Problems Start.

💳 One bank account. Groceries on the business card. "I'll sort it later." Sound familiar?

This is the #1 bookkeeping mistake new business owners make.

Why it matters:

1️⃣ Poor record-keeping = higher audit risk
If personal and business are tangled, you can't prove what's deductible.

2️⃣ You over-claim OR under-claim
Estimates don't hold up in a review. You either overpay tax or get your deduction denied.

3️⃣ Bookkeeping costs go UP
We spend billable hours untangling messy books that should have been separate from day one.

4️⃣ If you're incorporated — it gets worse
Mixing corporate and personal funds can create tax AND legal headaches (shareholder benefit issues, denied expenses, reassessments).

The fix is simple:
✅ Separate business bank account
✅ Dedicated business credit card
✅ Track shareholder loans properly (if incorporated)
✅ Pay yourself through proper draws/payroll

💡 Separation isn't just about organization. It's about protection when CRA asks questions.

📌 At Advanth LLP, we help Saskatoon small business owners and individuals file accurately, plan ahead, and save on taxes — not just check boxes.

💬 Message us before tax season gets loud — early planning saves more than last-minute scrambling.

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

🚙 Vehicle deductions: one of the most claimed, and one of the most reviewed.If you use your vehicle for business (self-e...
04/23/2026

🚙 Vehicle deductions: one of the most claimed, and one of the most reviewed.

If you use your vehicle for business (self-employment, commission work), you can deduct a portion of:
✅ Fuel
✅ Insurance
✅ Maintenance & repairs
✅ Registration
✅ Lease payments (within limits)
✅ Capital Cost Allowance (if owned)

BUT — only the business-use %. And only if you can prove it.

CRA expects to see:
📋 Total kilometres driven during the year
📋 Business kilometres driven
📋 Date, destination, and purpose of each trip

Without a log, your claim is indefensible.

⚠️ The most common trap? Claiming your morning commute from home to your regular workplace as "business mileage." That's considered PERSONAL — not deductible.

Another watch-out: a large vehicle claim vs. a small income draws attention. Fast.

💡 Good records protect your deduction. Poor records put it at risk — and your entire return becomes harder to defend.

📌 At Advanth LLP, we help Saskatoon small business owners and individuals file accurately, plan ahead, and save on taxes — not just check boxes.

💬 Message us before tax season gets loud — early planning saves more than last-minute scrambling.

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

💸 Driving Uber. Selling on Etsy. Freelance gigs. Side consulting.If you're earning extra income — even "just a few thous...
04/22/2026

💸 Driving Uber. Selling on Etsy. Freelance gigs. Side consulting.

If you're earning extra income — even "just a few thousand" — CRA considers it taxable.

❌ "I didn't get a T4 so it doesn't count."
❌ "It's too small to matter."
❌ "Nobody reports cash, right?"

All wrong. And all risky.

The good news? Business income lets you deduct real expenses:
✅ Platform fees (Uber, Etsy, Amazon, etc.)
✅ Supplies and materials
✅ Advertising
✅ Business-use portion of phone & internet
✅ Mileage (if tracked properly)

The catch? You need proper records. And you need to set aside money for tax — no one is withholding it for you.

⚠️ Once side income becomes consistent, it's a BUSINESS in CRA's eyes. Different rules, different scrutiny.

📌 At Advanth LLP, we help Saskatoon small business owners and individuals file accurately, plan ahead, and save on taxes — not just check boxes.

💬 Message us before tax season gets loud — early planning saves more than last-minute scrambling.

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

⏳ "It's been weeks. Where's my refund?" Here's what's likely happening.Most refunds process quickly if you filed electro...
04/22/2026

⏳ "It's been weeks. Where's my refund?" Here's what's likely happening.

Most refunds process quickly if you filed electronically. But sometimes, things slow down.

Common reasons for delays:

1️⃣ CRA review or verification
Medical expenses, tuition, childcare, and rental claims often get flagged. CRA holds the refund until docs are provided.

2️⃣ Missing or mismatched slips
If CRA has a T4 or T5 on file that wasn't included in your return, processing pauses until it's resolved.

3️⃣ Identity verification
Occasional anti-fraud checks.

4️⃣ Outstanding balances from prior years
CRA can AUTOMATICALLY apply your refund to past debts — even CRA debts that aren't recent.

5️⃣ Paper filing
Paper returns take WEEKS longer than electronic.

6️⃣ Other debts owed to government
Student loans, EI overpayments, provincial family support — all can intercept refunds.

🚨 A delayed refund doesn't automatically mean a problem. Often, CRA just wants more info.

Check CRA My Account first — any document requests show up there.

💡 Clean, accurate returns move faster. Returns with red flags get held.

📌 At Advanth LLP, we help Saskatoon small business owners and individuals file accurately, plan ahead, and save on taxes — not just check boxes.

💬 Message us before tax season gets loud — early planning saves more than last-minute scrambling.

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

Filing Early vs. Filing Late — Does It Really Matter?⏰ "I'll get to my taxes eventually." Famous last words.Technically,...
04/18/2026

Filing Early vs. Filing Late — Does It Really Matter?

⏰ "I'll get to my taxes eventually." Famous last words.

Technically, meeting the deadline is all CRA requires.
Practically? Timing affects your cash flow, benefits, and stress level.

Why filing early works in your favour:
✅ Faster refunds — earlier filing = earlier deposit
✅ Earlier benefit recalculations (GST/HST credit, CCB)
✅ Time to fix missing slips before the pressure builds

What happens if you miss the deadline AND owe tax?
❌ Late-filing penalty: 5% of balance + 1%/month (up to 17%)
❌ Interest compounds daily
❌ Repeat offenders face 10% + 2%/month penalties (up to 50%)
❌ Benefit payments may pause

⚠️ Self-employed? Your filing deadline is June 15 — but your PAYMENT deadline is still April 30. Miss that and interest starts May 1.

Proactive taxpayers don't panic in April.
They file clean and move on.

📌 At Advanth LLP, we help Saskatoon small business owners and individuals file accurately, plan ahead, and save on taxes — not just check boxes.

💬 Message us before tax season gets loud — early planning saves more than last-minute scrambling.

📞 306-850-7818 | 📧 [email protected] | 📅 https://advanth.com/online-booking/

There’s a common misconception that if your home qualifies for the principal residence exemption, you don’t need to repo...
03/31/2026

There’s a common misconception that if your home qualifies for the principal residence exemption, you don’t need to report the sale.
That’s not correct.
Even if the entire gain is tax-free, you are still required to report the sale on your tax return.
Since the reporting rules changed a few years ago, failing to report the sale can result in penalties — and in some cases, CRA may deny the exemption until proper disclosure is made.
Here are a few important points:
• The exemption generally applies if the property was your principal residence for all the years you owned it.
• You must designate it as your principal residence when you sell.
• If the property was partially rented or used for business, the exemption may be affected.
• Flipping properties frequently may not qualify for capital gains treatment at all — it could be considered business income.
Just because no tax is owing doesn’t mean no reporting is required.
Real estate transactions are highly visible to CRA through land registry systems.
It’s always better to report correctly the first time than fix it later.
Selling your home may be tax-free —
but it’s not paperwork-free.

Separation is already stressful.Tax complications don’t need to make it worse.Many people don’t realize how much their t...
03/24/2026

Separation is already stressful.
Tax complications don’t need to make it worse.
Many people don’t realize how much their tax situation changes after a divorce or separation.
Here are a few key areas to review:
1. Child support vs. spousal support
Child support payments are not tax-deductible for the payer and not taxable to the recipient.
Spousal support, if structured properly under a written agreement or court order, is generally deductible to the payer and taxable to the recipient.
The wording of the agreement matters.
2. Claiming dependants
Only one parent can typically claim the eligible dependant credit.
Shared custody situations require careful review.
3. Canada Child Benefit (CCB)
Benefits may change depending on custody arrangements and updated marital status.
4. RRSP transfers and asset division
Certain transfers between spouses can be done on a tax-deferred basis — but must follow specific rules.
Separation isn’t just a legal process.
It’s a financial restructuring.
Updating your marital status with CRA promptly is important.
Failing to do so can affect benefits and credits.
If you’re going through a separation, it’s worth reviewing the tax side early — not just at filing time.
Clear planning now can prevent surprises later.

What Actually Triggers a CRA Review?A lot of people think CRA reviews are random.Sometimes they are — but often, they’re...
03/19/2026

What Actually Triggers a CRA Review?
A lot of people think CRA reviews are random.
Sometimes they are — but often, they’re data-driven.
CRA systems compare your return against:
• Prior-year filings
• Industry averages
• Income patterns
• Third-party reporting (T4s, T5s, T3s, etc.)
Here are some common triggers:
1. Large changes year over year
Significant income drops or unusually high deductions compared to prior years.
2. High expense-to-income ratios
Especially for self-employed individuals or rental properties.
3. Repeated rental losses
Consistent losses may raise questions about profit intention.
4. Large charitable donations relative to income
5. Missing or inconsistent slips
If CRA has a slip on file and it’s not reported, that often triggers an automatic reassessment.
A review does not mean you did something wrong.
It usually means CRA wants supporting documentation.
The best protection?
• Accurate reporting
• Reasonable claims
• Proper documentation
• Consistency
Tax filing isn’t just about minimizing tax.
It’s about reporting numbers that can be supported.
When your return makes sense on paper — and your documents back it up — reviews are much easier to handle.

Canada Workers Benefit (CWB): Why Some People Have to Repay ItThe Canada Workers Benefit is designed to support low-inco...
03/18/2026

Canada Workers Benefit (CWB): Why Some People Have to Repay It
The Canada Workers Benefit is designed to support low-income working individuals and families.
It can provide meaningful financial support — but it’s income-tested.
That’s where confusion happens.
The amount you receive depends on:
• Your working income
• Your marital status
• Whether you have children
• Your total family net income
As income increases, the benefit is gradually reduced.
If your income ends up higher than expected — due to overtime, a second job, or self-employment income — the benefit may decrease at tax time.
In some cases, people receive advance payments during the year and later discover they were not fully eligible.
That can result in a repayment.
This doesn’t mean there was an error.
It means the final calculation is based on your actual annual income.
If your income fluctuates year to year, it’s important to:
• Keep track of total family income
• Understand phase-out thresholds
• Be cautious about assuming advance payments are “extra income”
Government benefits are helpful —
but they’re calculated based on your tax return.
Understanding how they work reduces surprises at filing time.

Working Two Jobs? Here’s Why You Might Owe Tax.This surprises people every year.You worked two jobs.Tax was deducted fro...
03/17/2026

Working Two Jobs? Here’s Why You Might Owe Tax.
This surprises people every year.
You worked two jobs.
Tax was deducted from both paycheques.
So why do you still owe?
Because each employer calculates payroll deductions separately.
They don’t know what the other employer is paying you.
Canada’s tax system is progressive.
When your total combined income is added together at year-end, it may push you into a higher tax bracket.
But during the year, each employer only withholds tax based on what they pay you — not your total income.
The result?
Not enough tax withheld overall.
This situation is common with:
• Part-time + part-time jobs
• Full-time + side job
• Salary + commission
• Employment + freelance income
If this keeps happening, you may want to:
• Adjust your TD1 to reduce basic personal credits at one employer
• Ask for additional voluntary tax withholding
• Set aside a portion of side income for taxes
Owing tax doesn’t mean something went wrong.
It usually means your income increased — and payroll deductions didn’t keep up.
Understanding how withholding works helps you avoid surprises next April.

Address

#501, 201-21st Street East
Saskatoon, SK
S7K0B8

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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