Amrit Banstola CPA

12/27/2025

Happy New Year 2026!
We are deeply grateful for your trust and partnership throughout the year. Wishing you peace, joy, and success in the New Year. We look forward to continuing to serve you in the coming year.
📩 [email protected]
🌐 www.amritcpa.ca

12/24/2025

The Clock is Ticking on Your 2025 Tax Savings!

Don't let valuable tax opportunities disappear with the Christmas lights. December 31st is the final deadline for several key strategies that could save you thousands on your 2025 taxes!

Last-minute opportunities you can seize:
Maximize TFSA withdrawals: Plan to withdraw funds before year-end to regain the contribution room on January 1, 2026, a full year sooner than if you wait until January.

Accelerate deductible expenses: Pay investment management fees, medical expenses, or outstanding business expenses by December 31st to claim them on your 2025 return.

Harvest capital losses: Sell underperforming non-registered investments to offset capital gains realized this year, reducing your overall tax bill.

Make charitable donations: Ensure your donations are made and postmarked by December 31st to receive a tax credit for the 2025 tax year.

Contact:
📞(604) 719-1278
📧 [email protected]
🌐 www.amritcpa.ca

12/23/2025

Buying equipment this week? Read this first!

In Canada, simply paying for a new piece of equipment before December 31 isn't always enough to get the tax deduction for 2025. According to the CRA, the asset must be "Available for Use."

This means if you buy a new piece of machinery but it’s still sitting in a box or hasn't been delivered by midnight on Dec 31, you generally can’t claim the Capital Cost Allowance (CCA) until next year.

If you need that write-off, get your equipment delivered and set up before the ball drops!

12/22/2025

Starting a business? Call us to plan and prepare a financial projection to support your loan application.

+1 604 719 1278
[email protected]
www.amritcpa.ca

12/21/2025

12/17/2025

Salary vs. dividends decisions should be reviewed annually. Year-end is the last chance to optimize owner remuneration for tax efficiency.

As a Canadian business owner, one of the most common questions is: “Should I pay myself a salary or take dividends?” The answer depends on your personal income needs, corporate profits, and long-t…

12/16/2025

We stand by our clients during challenging times - whether it’s cash-flow pressure, tax concerns, or uncertainty in the business. Amrit Banstola CPA provides steady guidance, practical solutions, and financial clarity when it matters most, not just when things are going well.

Amrit Banstola CPA
[email protected]
www.amritcpa.ca

12/15/2025

We provide online services that are secure, reliable, and tailored to your needs. From accounting and bookkeeping to tax planning and financial advice, we ensure your finances are managed efficiently and safely—anytime, anywhere.

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12/14/2025

You focus on the soft mornings and warm light. We’ll handle the financial headaches. Let us handle the complexity. Call Amrit Banstola CPA today, and go enjoy your life.

Contact:
📞(604) 719-1278
📧 [email protected]
🌐 www.amritcpa.ca

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