REYES TAX INC.

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REYES TAX INC.

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As professionals in Reyes Tax, providing best tax, accounting & financial service is our top priority

10/17/2026

💙 RECEIVED A LETTER FROM THE CRA? TAKE A DEEP BREATH. YOU ARE NOT ALONE.

At Reyes Tax Inc., we understand that receiving a letter from the Canada Revenue Agency (CRA) can be stressful and confusing. You may have questions, worry about a possible audit, or fear that you might owe money to the government.

We understand that behind every tax concern is a person, a family, and a story. That's why we believe every client deserves patience, understanding, and proper guidance.

🙏 BEFORE YOU WORRY, PLEASE REMEMBER:

✅ Receiving a CRA letter does not automatically mean you did something wrong.

✅ A review or audit does not necessarily mean you will owe additional taxes.

✅ You have the right to understand what the CRA is asking of you.

✅ With the right guidance, you can better understand your situation and determine the appropriate next steps.

🙏 LET FAITH BE YOUR ANCHOR IN DIFFICULT TIMES.

When life feels overwhelming and the answers aren't clear, turn to God in prayer. Ask Him for wisdom, strength, peace, and guidance. Seek support from people you trust, and remember that you do not have to carry your burdens alone.

💙 REYES TAX INC. IS HERE TO HELP.

If you receive a CRA letter and don't know what to do, don't be afraid to ask for help. Our team will do our best to explain the letter, review your concerns, and guide you through the process with care, professionalism, and integrity.

Above all, remember that no tax problem is worth sacrificing your peace of mind. Your worth is not measured by your financial situation, and your life is far more valuable than any tax balance or government letter.

Sometimes, the first step toward a solution is simply asking for help.

📩 Received a CRA letter? Let us help you understand what comes next.

Reyes Tax Inc.
Here to guide you through your tax concerns with care, integrity, and understanding.

10/15/2026

💰 GOT A SIDE HUSTLE? THAT MONEY MAY BE TAXABLE!

🚗 DoorDash | 🧹 Cleaning | 🛍️ Online Sales | 💻 Freelancing | 📸 Photography | 🏪 Small Businesses — and more!

Did you know? You may need to report your side-hustle income on your tax return, even if you didn’t receive a T4 or any other tax slip.

✅ Here’s how to get prepared:
1️⃣ Keep track of all your income, including cash payments.
2️⃣ Save receipts for potential business expenses.
3️⃣ Record your business mileage, when applicable.
4️⃣ Don’t wait until tax season to get organized!

📌 Stay organized. Keep good records. Be tax-ready!

Let Reyes Tax help you understand your tax obligations and get organized for tax season.

📞 Call us today: 647-878-6816 / 647-828-5683
📍 296 Wilson Ave, North York, ON M3H 1S8
🌐 www.reyestaxinc.com

📩 Contact us today for assistance!

10/11/2026

🍂🧡 Happy Thanksgiving! 🧡🍂
This Thanksgiving, we pause and give all thanks and glory to God for His endless blessings, guidance, and faithfulness.

We are especially grateful for each and every client who has trusted us with your tax, financial, and business needs. 🙏 Your trust and continued support mean so much to us, and we are truly blessed to be part of your journey.

Thank you for choosing Reyes Tax and for allowing us to serve you and your family. ❤️

May your Thanksgiving be filled with gratitude, joy, love, and precious moments with family and loved ones.

“Give thanks to the Lord, for He is good; His love endures forever.” — Psalm 136:1

🍁 Grateful hearts. Stronger together. 🍁

10/09/2026

Dear Valued Clients,

If you’re paying more in taxes than expected or even not getting a huge refund last year, maybe this is the time to take a closer look at your overall tax and financial strategy.

At Reyes Tax Inc., our CPA and Financial Planner team can help you understand your tax situation, identify opportunities, and plan ahead—not just at tax time, but throughout the year. 📊💼

Whether you're a business owner, professional, or individual, proper planning can make a difference.

📞 Book a consultation with our team today!

Maria-Fe Reyes, BAS, CPA
Chartered Professional Accountant
📱 647-878-6816

Vic Reyes, B.Sc, CLU
Chartered Life Underwriter / Financial Planner
📱 647-828-5683

10/02/2026

Building wealth isn’t always about trying to predict the “perfect” time to invest. It starts with discipline, consistency, and having clear savings goals. 📈

Small, intentional financial decisions made consistently can help you work toward your long-term goals.

At Reyes Tax Inc., we’re here to help you look at the bigger financial picture and create a plan that fits your goals.

📊 Focus on your goals. Build good habits. Plan for your future.

📞 Book a consultation with our team today!

Maria-Fe Reyes, BAS, CPA
Chartered Professional Accountant
📱 647-878-6816

Vic Reyes, B.Sc, CLU
Chartered Life Underwriter / Financial Planner
📱 647-828-5683

09/24/2026

📊 5 Things Incorporated Business Owners Should Review Every Year

Running a corporation is more than just managing today’s business—it’s also about planning for tomorrow. Take time each year to review these important areas:

1️⃣ Corporate Investment – Is your corporate money working effectively?
2️⃣ Tax Strategy – Are there opportunities to improve your tax planning?
3️⃣ Insurance Protection – Is your business and family adequately protected?
4️⃣ Retirement Income – Are you building a plan for your future income?
5️⃣ Estate Planning – Is your wealth structured for the next generation?

💡 A yearly review can help keep your financial and business strategy aligned with your goals.

📞 Call Reyes Tax – Chartered Professional Accountant
📍 296 Wilson Ave, North York, ON M3H 1S8
📍 747 Don Mills Rd Unit 27, Toronto, ON M3C 1T2
📱 647-878-6816 | 647-828-5683
📧 [email protected]
🌐 reyestaxinc.com

09/18/2026

Buying a new home in Ontario? You could potentially save thousands of dollars through available federal and provincial GST/HST rebates.

✨ Federal FTHB GST/HST Rebate — up to $50,000
✨ Ontario FTHB / ENHR — up to $80,000
✨ Potential combined tax relief — up to $130,000*

Eligibility depends on factors such as your first-time home buyer status, purchase agreement, home value, and other CRA requirements.

📌 Don’t leave money on the table. Let Reyes Tax Inc. help you understand whether you may qualify and what documentation you need.

📞 647-878-6816 | 647-828-5683
📧 [email protected]
🌐 reyestaxinc.com

📍 296 Wilson Ave, North York, ON M3H 1S8
📍 247 Don Mills Rd, Unit 27, Toronto, ON M3C 1T2

Plan Today. Save Tomorrow. 💙💛

08/04/2026

Many incorporated business owners leave retained earnings sitting in their corporation without realizing those funds may be used more strategically.

One option worth exploring is Corporate-Owned Life Insurance—a strategy that can help you:

✅ Build long-term wealth
✅ Protect your family and your business
✅ Grow corporate assets in a tax-efficient manner
✅ Support estate and business succession planning
✅ Make your retained earnings work toward your future

Every business is different, and the right strategy depends on your financial goals and circumstances. A personalized review can help determine whether this approach fits your overall financial and tax planning.

07/25/2026

Stop paying more tax than you need to.

If you’re withdrawing money from your corporation the traditional way, you could be paying significantly more tax than necessary, depending on your situation.

Many incorporated business owners focus on growing their income—but don’t realize how important tax-efficient withdrawal planning can be.

One strategy worth understanding is the Capital Dividend Account (CDA).

When used appropriately and available, the CDA can allow certain corporate amounts to be distributed to shareholders tax-free under the Income Tax Act.

It’s not a loophole—it’s a legitimate, CRA-recognized tax provision. Yet many business owners don’t learn about it until after they’ve missed valuable planning opportunities.

For some incorporated Canadians, proper planning can preserve a substantial amount of family wealth over time.

Book your appointment at REYES TAX INC. for free consultation.
• How the CDA works
• Who may qualify
• Common planning opportunities
• Mistakes that can lead to unnecessary taxes

Knowledge today could mean more wealth preserved for tomorrow.

07/17/2026

🚨 FILING LATE vs. PAYING LATE 🚨
They are NOT the same thing!

Many taxpayers believe that if they can't pay their tax bill, they shouldn't file their tax return. That's one of the biggest mistakes you can make.

✅ Filing your tax return late may result in late-filing penalties if you owe taxes. These penalties can increase the longer you wait.

💰 Paying your taxes late results in interest charges on the unpaid balance. Interest continues to accumulate until the amount is paid in full.

Why is this important?

Even if you don't have enough money to pay your taxes right away, you should still file your tax return on time.

Here's why:
✔️ Filing on time helps you avoid or reduce late-filing penalties.
✔️ The CRA can calculate exactly what you owe.
✔️ You may remain eligible for benefits and credits such as the GST/HST Credit, Canada Child Benefit (if applicable), and certain provincial benefits.
✔️ Once your return is processed, you may be able to arrange a payment plan with the CRA if you cannot pay the full balance immediately.

📌 Remember:
File first. Pay as soon as you can. Filing on time can save you money, even if you need extra time to pay.

If you're behind on your tax returns or have received a balance owing from the CRA, we're here to help you understand your options.

Address

296 Wilson Avenue
Toronto, ON
M3H1S8

Telephone

+16478285683

Website

https://www.reyestaxinc.com/

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