Murray Financial Solutions Inc.

05/07/2026

Murray Financial Solutions has been sold and is no longer operational as a sole proprietorship as of May 4, 2026.
Murray Financial Solutions Inc. has been incorporated, has bought and taken over Murray Financial Solutions as of May 5, 2026 and will be providing the same exceptional service and same rates. David Murray is still lead accountant and new CEO.

04/14/2026

April is not the month to ask your accountant to catch you up on months+ of books, long overdue business taxes, corporate taxes or anything else.
You have had all year, some much longer than that to get it in. I can no longer even attempt to do this as there are only so many hours in a day. Requests for anything like this for the rest of this month and April's moving forward, will have to wait until May 1 without exception or just do me a favours.
I completely understand, sometimes things are beyond control and can fall behind. There is a time to catch up, but the month of April is no longer one one of times moving forward.

Thank you for understanding,

David Murray

02/21/2026

Income Tax season for personal returns and non corporate business and self-employed returns opens February 23 this year.

Our season is already extremely busy and time is very valuable. While we want you to get in everything as soon as possible and not wait closer to deadline, we want you to make sure you have all tax information slips first. Some banks and investment firms have been late issuing tax slips the past couple of years. There have been a lot of reassessments and balances owing created because of this. Tax slips are "supposed" to be issued by February 28 every year to avoid penalties. Some institutions do not care about that. Wait that extra week or two if you are unsure please.
This year the T4/5 portal was down for a few weeks, so there might be delays again this year from many companies and financial institutions.

If you have a balance owing and are waiting until near the April 30 filing and payment deadline, please do not. It doesn't matter if you file next week or April 30, the payment deadline is April 30 and interest starts getting charged May 1. Waiting until closer to the deadline if you truly don't need to, only puts more pressure on us.

01/20/2026

Unfortunately I was notified by the CRA today (below) that they will not be accepting T4/T5 submissions until the end of January. Once this is back up and running, we will get them done.

"T4 and T5 returns submitted using the Web Forms application are being rejected when the application is accessed through My Business Account (MyBA) or Represent a Client (RAC).

We anticipate resolving this issue by the end of January 2026 and will provide an update once the issue has been fully addressed. In the meantime, we kindly request that you refrain from submitting T4 or T5 returns through the Web Forms application if accessing it via MyBA or RAC.

Thank you for your understanding and cooperation."

01/02/2026

Hope everyone enjoyed their holidays and some time off.
Thank you very much for another great year! I love the work that I do and am glad to be able to help everyone out whether that is for personal, business, corporate or a combination of those. Thank you for all of the referrals, great words and reviews that have been given, it is more than appreciated.

New Year means new tax season though unfortunately.
Q4 HST filing and payment deadline is January 31. Please get your paperwork in as soon as possible to ensure deadline can be met.

Corporations with shareholder payroll; calendar year end is here we need to figure out T4 income. Please contact me as soon as possible so we can get some numbers down.

Corporations with year end December 31. Please get in any necessary paperwork as soon as possible so we can meet your Income Tax filing and payment deadline.

We will begin working on T4's for all companies at some point soon and hope to have these all finished and mailed off by the end of the month.

Business and personal tax season will open up in the middle of February. Please start compiling any needed paperwork so we can be prepared for the new season.

12/16/2025

Federal Corporations, please do not forget to file your annual returns. The cost is $12 and this is a must do or they will dissolute your corporation if not filing every two years. This information was included in the paperwork Corporations Canada sent you when originally setting up the business. They will send out yearly reminders and late filing notices. Please do not ignore these, they are very important. We can't do these returns for you, they have to be filed by you.
Link to file return;

https://ised-isde.canada.ca/cc/lgcy/sso/preamble.html?fbclid=IwY2xjawOtuL1leHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEenCoZOLLjCWY4eo9UCTRoNh6Zo3JqlnI3O_-dnxod6GKyodjavYChHIIDSL0_aem_zpu_g_bJg27NfTJh8xV_HQ

For Corporations Canada, the security of your information is top of mind, at all times. The following security measures are intended to add a level of protection to your personal and corporate information.

10/08/2025

Federal Corporations, please do not forget to file your annual returns. The cost is $12 and this is a must do or they will dissolute your corporation if not filing every two years. This information was included in the paperwork Corporations Canada sent you when originally setting up the business. They will send out yearly reminders and late filing notices. Please do not ignore these, they are very important. We can't do these returns for you, they have to be filed by you.
Link to file return;

For Corporations Canada, the security of your information is top of mind, at all times. The following security measures are intended to add a level of protection to your personal and corporate information.

09/26/2025

Q3 HST ends in four days and filing/payment deadline is October 31.
Please get in your paperwork as soon as possible. To be safe, use Purolator, Fedex or UPS this quarter because of the CanadaPost strike.
Please remove the PO Box 922 from the address when sending it.

07/02/2025

Q2 HST filing and payment deadline is July 31.
Please get your paperwork in as soon as possible to ensure we can meet deadlines for everyone. Paperwork is processed in the order they are received.

04/03/2025

Q1 HST filing deadline is April 30.
We have an extremely busy month with Income Tax deadline at the same time. Please get your paperwork in as soon as possible to ensure we can meet deadlines for everyone. Paperwork is processed in the order they are received.

02/17/2025

Receipts, please treat them like gold. I take pride in being able to reduce net income as much as possible for all my clients and within CRA legal guidelines of course. If receipts are not legible or lost, I can't use it even with the expense being on a bank/credit statement. We have to be able to prove to the CRA that the transaction was for business.
Having a $1,500 transaction without a receipt or a legible receipt at Best Buy for some new computer software and office expenses, doesn't prove to the CRA that this money wasn't spent on gift cards, personal appliances or something else non business related.
Having a $150 transaction without a receipt or a legible receipt at Esso for gas, doesn't prove to the CRA that this money wasn't spent on gift cards, smokes, lottery or something else non business related.
Please do not scrunch up your receipts and throw them into a folder or box and keep throwing more on top of it. Try to keep them folded neatly or as is to ensure they stay legible.