Novack CPA

09/01/2026

Summer's over.

For most incorporated professionals, September is when decisions start compounding into year-end tax outcomes.

Not November but September.

The compensation adjustments, structure changes, and planning conversations that leave you room to move happen now, while there's still time to act.

Wait until November and you're documenting decisions you can no longer influence. Use September to plan and you create the outcomes you want.

Different game. Different result.

If you haven't heard from your CPA about Q4 planning yet, that tells you something.

08/30/2026

September starts this week.

For incorporated professionals, it's the most underrated month of the tax year.

Not because anything is due. Because everything is still adjustable.

Compensation mix. Purchase timing. Structure questions. Family compensation documentation. All of it still open, with enough runway to actually implement changes properly.

By November, the options narrow. By January, they're gone.

Treat September as the planning month and you end up with outcomes the November crowd doesn't.

More this week on what that actually looks like.

08/27/2026

Dentists across the GTA are interviewing associates right now for fall starts.

One thing worth doing before anyone signs:

-Decide what "production" actually means in the compensation formula.
-Collections or billings? Before or after lab fees? Who absorbs adjustments and write-offs?

These sound like details. They're not. They're the difference between an associate who feels fairly paid and one who's quietly recalculating their split every month.

The cheapest time to get this right is before the start date.

08/25/2026

Honest question for incorporated professionals and owner managers:

When did your accountant last call YOU with an idea?

Not a request for documents. Not a deadline reminder. An actual idea, question, or recommendation they initiated.

I ask because the answer usually tells you whether you're getting planning or just compliance. Most people have never thought about the difference.

Genuinely curious what the honest answers look like.

08/21/2026

Two weeks left in August.

Every fall, the same pattern with incorporated professionals across the GTA:

The questions they parked in June are still sitting there.

The associate conversation they've been avoiding.
The structure that hasn't been revisited since incorporation.
The compensation mix set years ago and never updated.

September is when those questions either get answered or get deferred another year.

Deferring feels easier. It's also the most expensive option. You just never see the invoice.

08/19/2026

Been quiet on here over the summer. Head down with client work.

Back at it, because the next four months are the ones that actually matter for incorporated professionals.

The decisions that determine your 2026 tax outcome get made between now and December. Not in March.

More on that in the coming weeks.

07/17/2026

Coffee this morning with Marco Lippi at Gardiner Roberts LLP on the M&A side.

The strongest deals for business owners happen when the M&A lawyer, CPA, and financial advisors are aligned early. Not brought in sequentially once the deal is in motion.

That kind of coordination doesn't happen by accident. It happens because the professionals involved have already built the relationships.

Good to add Marco to the list.

&A

06/26/2026

A new client told me yesterday that they found me through ChatGPT.

He asked which CPA in Toronto could help with his professional corporation. My name came up. He reached out.

That's a new channel I wasn't actively building for.

The takeaway for business owners and professionals: AI is becoming the new way to find your advisors. It pulls from media features, thought leadership, and consistent positioning, not from generic content or paid ads.

If you're looking for a CPA, CA who actually understands your niche, asking AI is faster than scrolling LinkedIn or searching Google.

(And if your current advisor doesn't show up in those AI conversations, that tells you something too.)

06/04/2026

Canada launched "AI for All" today. The headlines focus on big numbers ($200B, 250K jobs, 60% adoption target).

What's actually matters in my opinion for business owners over the next 24 months:

1. Tax credits and grants for AI adoption. Likely targeting SMBs specifically. Worth watching for in the next federal budget.

2. The "AI Missions Program" starts with healthcare. Dental and medical practices will see vendor pitches accelerate (some real value, some hype, so worth being selective).

3. Hiring shifts. New grads entering the workforce will have AI literacy training. Your current staff might not. The gap between the two is going to widen.

4. The "sovereignty" angle means government procurement will favor Canadian AI providers. If you're a Canadian tech company, that's an opportunity. If you're buying tools, it might affect what's available.

The strategy itself is just a document. The downstream funding, regulations, and incentives are where the actual impact happens.

Carney's Press Release - https://zurl.co/7aarV

Today, the Prime Minister, Mark Carney, launched AI for All, Canada’s new national AI strategy. Over the next five years, this strategy will introduce new legislation, investments, and programs that ensure AI is adopted responsibly, in a way that truly serves all Canadians – building trust, expa...

06/03/2026

My long-time mentor has spent the last few years transitioning her practice to me - not all at once, but gradually as the right opportunities and trust developed.

It's been one of the most meaningful aspects of building Novack CPA.

If you're a CPA thinking about your next chapter - retirement, scaling back, or just wanting to ensure your clients are looked after-let's chat.

The transition model my mentor and I have built is one I'd like to replicate.

Direct access. Continuity for your clients. A respectful handoff.

That's the goal.