Raskin and Associates

Raskin and Associates With over 15 years of experience servicing local and international clients, Raskin & Associates makes your accounting needs unassuming and approachable.

If your business is chosen for a Canada Revenue Agency (CRA) audit, try not to worry. Audits are a normal way for the CR...
09/04/2026

If your business is chosen for a Canada Revenue Agency (CRA) audit, try not to worry. Audits are a normal way for the CRA to check that tax returns and filings are correct. If you get an audit notice, read it closely, reply quickly, and collect all the financial records they ask for, such as invoices, receipts, bank statements, and payroll records. Keeping your books organized all year can make the audit go more smoothly and show that your records are in order. If you need help getting your finances ready for tax season, we’re here to help. Call our office today at 416-847-0094

A well-rounded financial plan should include regular reviews of your registered savings accounts to ensure they continue...
09/03/2026

A well-rounded financial plan should include regular reviews of your registered savings accounts to ensure they continue to support your long-term goals. Contributing strategically to accounts such as an RRSP, TFSA, FHSA, RESP, or RDSP can help you grow your savings, take advantage of available tax benefits, and maximize government incentives where applicable. By monitoring contribution limits and aligning your savings strategy with your financial objectives, you can build a stronger foundation for your future. To make a financial planning appointment, give us a call today at 416-847-0094.

Receiving an inheritance can be a significant financial milestone, but before depositing those funds into a joint accoun...
09/01/2026

Receiving an inheritance can be a significant financial milestone, but before depositing those funds into a joint account with your spouse, understand the potential tax implications. In Canada, a cash inheritance is generally tax-free to the beneficiary. You can place inherited funds into a joint account, but that doesn't change who owns the money for tax purposes. Often, the spouse who inherited the funds is responsible for reporting all investment income earned from that inheritance due to Canada's spousal attribution rules. Planning today can help protect your financial future tomorrow. Contact us at 416-847-0094 to help set your will up for success.

Effective financial planning includes looking ahead at your expected income and potential tax obligations before the yea...
08/31/2026

Effective financial planning includes looking ahead at your expected income and potential tax obligations before the year ends. Reviewing your projected taxable income can help identify opportunities to improve your tax position, while setting aside money for future tax payments is especially important for those who are self-employed or earn investment income. It's also a good time to determine whether strategies such as pension income splitting, available pension tax credits, or managing income to reduce the impact of the Old Age Security (OAS) recovery tax could support your overall financial plan. Let's talk, call us at 416-847-0094.

Running a small business? Let us simplify your finances! Focus on growth while we handle your accounting needs with pers...
08/28/2026

Running a small business? Let us simplify your finances! Focus on growth while we handle your accounting needs with personalized solutions. Reach out today at 416-847-0094 and take the stress out of managing your finances.

Cash flow is a key financial concept that every Canadian should know. It describes how money moves in and out of your bu...
08/27/2026

Cash flow is a key financial concept that every Canadian should know. It describes how money moves in and out of your business or household. If you have positive cash flow, more money is coming in than going out. Negative cash flow means you are spending more than you earn. If you’re needing help managing your finances, you’ve come to the right place. Contact our office today at 416-847-0094.

A strong tax planning strategy starts with taking advantage of every deduction and credit you qualify for. Many everyday...
08/25/2026

A strong tax planning strategy starts with taking advantage of every deduction and credit you qualify for. Many everyday expenses and life situations may help reduce your overall tax bill, including costs related to childcare, education, and medical care. Reviewing the tax credits and deductions available to you each year can help lower your taxes and maximize your potential savings. To schedule a consultation, contact us at 416-847-0094.

Start saving early to maximize your financial growth. Consistent, small contributions can lead to significant gains over...
08/24/2026

Start saving early to maximize your financial growth. Consistent, small contributions can lead to significant gains over time. Not sure if you're on track? Our experts are here to help craft a retirement plan tailored to your goals. Call us at 416-847-0094 to get started!

Using a financial checklist can make tax season easier and help you stay organized all year. Start by gathering your imp...
08/21/2026

Using a financial checklist can make tax season easier and help you stay organized all year. Start by gathering your important documents, reviewing your income and expenses, organizing receipts, and making sure you claim all the deductions and credits you qualify for. Preparing ahead of time can save you time, lower your stress, and help you avoid mistakes. Whether you’re filing as an individual or for your business, keeping your financial records up to date is a great way to get ready for the end of the year. If you’re not sure how to begin, we can guide you through your checklist and help you get ready for tax season. Contact us today at 416-847-0094.

Keeping accurate business records is more than just a good habit. For Canadian business owners, it is a legal requiremen...
08/20/2026

Keeping accurate business records is more than just a good habit. For Canadian business owners, it is a legal requirement. The Canada Revenue Agency (CRA) asks businesses to keep complete records that back up the income, expenses, deductions, and tax credits they report on their tax returns. These records include invoices, receipts, bank statements, payroll records, sales records, and other financial documents. When your records are well organized, it is easier to prepare your tax returns, support your claims if the CRA asks for information, and see a clear picture of your business’s finances. Good recordkeeping can also save you time, money, and stress. If your financial information is organized and current, you will be ready for tax season, business planning, financing, and any CRA reviews or audits. If you need help, call us at 416-847-0094.

Address

245 Fairview Mall Drive, Suite 436
Toronto, ON
M2J4T1

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(416)8470094

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