Azure Taxes, Chartered Professional Accountant

03/31/2026

Efilling for corporation is mandatory even if there is no revenue, assets, or activity.
Paper filling=$1,000 penality!

10/20/2024

Ensure your spouse is successor holder on your TFSA account not the beneficiary!

02/22/2024

Important CRA Trust Reporting Changes

Very good article which helps in identifying Bare Trust and new T3 reporting requirements.

For 2023 and the following taxation years, trustees of the so-called “bare trusts” must file a T3 tax return in Canada or face penalties and/or other unfavourable tax implications. The deadline for the first tax returns prepared under the new rules is approaching fast (April 2, 2024).

12/18/2023

Increase in EI and CPP premiums starting new year

Here's what's in store for 2024💸

10/01/2023

CRA intends to access the $5-10k penalty for not filing UHT (underused housing tax) return even where no tax is due.

Corporate registered owners of residential property should ensure to file it.

Tax agency releases underused housing tax self-assessment tool

09/30/2023

Paying rent to Non-resident: it is renter's responsibility to know that owner is non-resident, pay only 75% to the owner and 25% to CRA. It is not an option, it is requirement.

08/19/2023

Back to school, remember clothing and shoes for kids under 15 are PST exempt. If you are buying adult size for them then need to advise to cashier and Sumit following for online shopping.

Click or tap to view this file.

03/04/2023

You do what you specialize in and let us to take care of your accounting needs.

02/07/2023

You focus on what you specialize and let us take care of your accounting needs

01/07/2023

Reach us out for all your accounting needs