Instaccountant

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Instaccountant We take care of all your accounting and tax needs, so you can focus on your core business and enjoy life.
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We provide year-round bookkeeping, tax and accounting support as online accountants for startups, growing businesses, contractors and self-employed professionals across Canada. Let your virtual accountants be a part of your success.

10/10/2026

Filing a T2 Nil Return in Canada helps your corporation meet its CRA filing obligations, even with zero income or business activity.

⚠️ Miss a required T2 filing? The CRA's standard late-filing penalty is generally 5% of the unpaid tax, plus 1% for each complete month the return is late, up to 12 months. Different rules apply in certain situations, including repeated late filings.

Your T2 corporate tax return is due within six months of your corporation's fiscal year-end, even if no tax is payable. Stay on top of your corporate tax filing deadlines to help keep your business compliant.

Your 2025 returns are still not filed 🤷Hand them off. Online. No office visits. No parking downtown.Just send us the det...
10/08/2026

Your 2025 returns are still not filed 🤷

Hand them off. Online. No office visits. No parking downtown.

Just send us the details and let a professional accountant sort out the filings you've been putting off.

Corporate. Personal. GST/HST catch-up. The whole backlog.

Free consultation. Message us or use the link in bio.

Most contractors I talk to incorporated for the tax benefits…Then spent the next three years wondering why nobody warned...
10/05/2026

Most contractors I talk to incorporated for the tax benefits…

Then spent the next three years wondering why nobody warned them about the paperwork 🥴

Your corporation is basically another person you now have to keep organized.

Separate bank account.
Separate bookkeeping.
Separate tax return.
Separate deadlines.

And one of the biggest mistakes I see?

Treating the corporation's money like it’s still your personal money.

Once you incorporate, clean books stop being optional.

You need to keep personal and corporate activity separate, support your deductions, and have proper records when it’s time to do tax planning.

You shouldn't be spending your evenings trying to figure out what a random $47 charge from three months ago was.

That’s exactly the kind of problem Zoombooks.app is built to solve.

10/02/2026

October 2026 is bringing multiple back-to-back benefit payments from CRA and Service Canada. If you’re waiting on your funds, mark these key dates on your calendar

A client came to me last year paying himself strictly dividends because "that's what his consultant friend said to do."H...
09/28/2026

A client came to me last year paying himself strictly dividends because "that's what his consultant friend said to do."

Here's what we found when we ran his actual numbers 👋

No RRSP room built up in three years. No CPP contributions. And a personal tax bill that was higher than it needed to be — because dividends alone weren't optimal for his income level and family situation.

We switched him to a salary/dividend mix. Same gross income to him, thousands less in total tax between him and the corporation.

This is why "salary vs. dividends" advice you get at a barbecue is dangerous. It's not about which one is better. It's about which combination fits your situation — your income, your spouse, your retirement plans, your province.

If you've been guessing on this one, fill out our contact form or send us a DM. It's a 20-minute conversation that could save you thousands.

09/26/2026

Capital Cost Allowance (CCA) is calculated using prescribed rates, not as a one-time lump-sum deduction. Bought a business laptop or computer equipment? 💻 Class 50 has a 55% CCA rate, with the first-year claim subject to the CRA half-year rule. Here’s the step-by-step calculation.

Zero revenue doesn't mean zero filing obligation 🛑It usually means one of two things ↓Actually nothing happened. No clie...
09/24/2026

Zero revenue doesn't mean zero filing obligation 🛑

It usually means one of two things ↓

Actually nothing happened. No clients, no bank activity, no expenses. You still file a T2 nil return — but there's not much to report.

Or: something happened, just not income.

Bank fees. A registry renewal. One SaaS subscription you forgot to cancel. A few dollars of interest.

That's reportable activity. Those expenses can result in a loss. That loss can carry forward and reduce your corporate taxable income when revenue does come in.

But only if you filed.

One skipped year turns into two. Then suddenly, it's a cleanup job.

Not sure which camp you're in? Message us. We'll tell you what's going on.

What actually happened last week 🤷Monday: Filed three overdue T2 corporate returns for a IT contractor who thought he wa...
09/23/2026

What actually happened last week 🤷

Monday: Filed three overdue T2 corporate returns for a IT contractor who thought he was going to jail. (He wasn't. He just owed some money.)

Wednesday: Helped a management consultant respond to a CRA audit over home office expenses. We documented everything properly. Case closed.

Friday: Helped an Uber driver realize he'd been under-claiming mileage for three years. We found $4,200 in missed deductions.

This is what we do at Instaccountant ↓

Real businesses. Real tax and accounting problems. that need sorting out — without making anyone feel stupid for being behind, confused, or unsure where to start.

If your tax situation feels like a mess, it's probably more fixable than you think.

Link in bio. Book a free call. Tell us what you're dealing with.

A client once slid six months of bank statements across my desk and said, "There's my gas receipts."Those weren't gas re...
09/19/2026

A client once slid six months of bank statements across my desk and said, "There's my gas receipts."

Those weren't gas receipts. Those were gas charges 🛑

A charge proves you paid. A receipt shows what you bought, how much GST/HST you paid, and whether it was a business expense or personal.

✅ And if you're claiming vehicle expenses, keep that mileage log up to date too.

Your bank statement can't save you in a CRA review. Your receipts can.

With Zoombooks.app, snapping a receipt takes two seconds — and buys you total peace of mind when tax season rolls around 💨

09/16/2026

Borrowing from your own corporation? The CRA's 1-year repayment rule could affect how your shareholder loan is taxed. Learn how the rule works, who it applies to and how incorporated contractors and consultants can manage their corporate tax exposure.

Address

301-40 Wynford Drive
Toronto, ON
M3C1J5

Telephone

+16472432884

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