Mercado & De La Cruz CPAs Inc.

03/30/2026

The speculation and vacancy tax, also known as "spec tax", is an annual tax payable by owners of residential property in designated taxable regions of B.C.

03/03/2026

When we turn the clocks ahead on March 8, it will be the last time change ever for BC.

We're making Daylight Saving Time permanent, with a new time zone called Pacific Time (PT).

It aligns us with the Yukon, which stopped changing its clocks in 2020. PT will be aligned with Alberta and other regions on Mountain Standard Time in the winter, and with California, Washington, Oregon and other Pacific Standard Time regions the rest of the year.

This change is better for our health, our routines, and gives us an extra hour of daylight during those dark winter months. It also simplifies life for businesses and service providers—and for everyone who’s said they’re ready for a permanent change.

Learn more: News.gov.bc.ca/33415

03/02/2026

RRSP Contribution Deadline today if you want to be included as Tax Deductions for your 2025 Income Tax.

02/28/2026

B.C.’s minimum wage is increasing from $17.85 to $18.25 per hour starting June 1, 2026.

The province says the raise keeps pace with inflation, which averaged just over 2% last year. App-based delivery and ride-hailing workers will see their engaged-time rate rise to $21.89 per hour.

Supporters say predictable annual increases help workers keep up with rising costs.
Others argue it still doesn’t match the reality of rent, groceries and fuel prices in Metro Vancouver.

So let’s talk honestly 👇
Is $18.25/hour enough to live in Surrey today?

02/20/2026

Let's get Ready...Tax Season is here. Contact us for more info.

Online tax filing begins on February 23rd, 2026, and now’s the perfect time to make sure your CRA account is ready.

You‘ll be prompted to add a backup multi-factor authentication (MFA) option to your account next time you sign in.

This added security helps if your existing MFA option is not available or if it is lost or forgotten.

You can choose your backup option between a:

✔️ Third-party authenticator app
✔️ Passcode grid

Save time at tax season by signing into your CRA account today and adding yours: https://ow.ly/vLqH50Yf7tX

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02/04/2026

💡 Fun fact: The Progress tracker in your CRA account gives you real-time updates on your disability tax credit application!

✔️ View your application status
✔️ Review a full history with dates
✔️ Get updates with timestamps

Stay up-to-date with ease—access your CRA account today ➡️ https://ow.ly/lYcz50Y6wf0

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01/31/2026

01/31/2026

Your data privacy and security starts with knowing what to expect from us.

Remember, we won’t:

❌Email or text you a link asking you to fill in an online form
❌Ask for your personal or financial info by email
❌Send you an email or a text with a link to get a payment

Learn what to expect when we contact you ➡️ https://ow.ly/SO4h50Y62NE

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01/27/2026

Vehicle Expenses

If you use your vehicle for business or employment, make sure you're tracking your mileage! The CRA requires a log to support your deduction — date, destination, purpose, and kilometres. A simple app or a notebook in your glovebox works. Small habit, big tax savings.

Mark down your starting mileage in January and track the kilometers driven for work. You can claim the total KM used for work / total KM used as a % of your fuel, insurance, maintenance, loan interest, lease, etc.

Remember that driving to and from your regular place of work is not a business drive

https://www.canada.ca/en/revenue-agency/services/tax/businesses/small-businesses-self-employed-income/business-income-tax-reporting/business-expenses/motor-vehicle-expenses.html

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/salaried-employees/allowable-motor-vehicle-expenses.html

How to deduct certain expenses you paid to earn employment income if you were a salaried and/or commissioned employee.

01/27/2026

We’re making it easier to regain access to your CRA account if you’ve been locked out, or have forgotten your login info. For more on how we’re expanding our digital services: https://ow.ly/KkLi50X5bKS

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01/27/2026

Dear Valued Client,

As tax season is fast approaching, we are happy to assist you with an easier and smoother tax filing process.

Canada Revenue Agency (CRA) will start accepting 2025 INCOME TAX AND BENEFIT RETURNS by FEBRUARY 23, 2026.

To ensure timely and accurate filing, be ready with all the required documents before filing as incomplete documents will result to additional tax filing fees, re-assessments, penalties, and interest.

KEY DEADLINES:
•April 30, 2026 – filing deadline for most individuals
•June 15, 2026 - filing deadline for self-employed individuals and their spouses or common-law partners, GST filing deadline for sole proprietorship business
•April 30, 2026 – payment deadline for any balance owing (applies to everyone) for personal and GST owing for self-employed business owners
•March 2, 2026 – RRSP contribution deadline
•March 31, 2026 – GST filing deadline for partnership business

FILING ON TIME will ensure your benefits and credits (GST, Child Benefits, Pension, Government Assistance) are not delayed or stopped. It is an opportunity to receive your tax refund quicker.

CRA SIGN-IN ACCOUNT REGISTRATION

If you haven’t registered for your CRA Sign-in account, please use the link to register. https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html

CRA Sign-in will allow you to securely access your tax information, view notices, manage direct deposit, and communicate with the CRA online.

If you are ready to file your taxes:
- You may send your documents at [email protected]
- You may send us inquiry at https://mdcpa.ca/contact or book your appointment at https://mdcpa.ca/services

We appreciate your continued trust and look forward to assisting you this tax season.