J & S Tax and Finance

J & S Tax and Finance Helping Canadians with taxes, bookkeeping & financial clarity. Trusted, approachable, reliable.

01/01/2026

Welcome, 2026.

A new year means a fresh chapter, new goals, new lessons, and new chances to grow. May this year bring clarity where there was doubt, strength where there was challenge, and peace in the moments that matter most.

Here’s to moving forward with intention, gratitude for how far we’ve come, and confidence in what’s ahead. May 2026 be a year of progress, meaningful connections, good health, and quiet wins that turn into big milestones.

Let’s step into this year with hope, courage, and an open heart.

Happy New Year everyone!
🤍🩵💙

12/25/2025

Wishing you a peaceful holiday season filled with rest, laughter, and meaningful time with the people you love. May these days give you a chance to slow down, recharge, and enjoy the moments that matter most 🤍

However you celebrate, hoping this season brings comfort, joy, and a fresh start for the year ahead. 🩷

Here’s to finishing the year strong and stepping into the next one with purpose, peace, and a plan 💙

Wishing you and yours a joyful holiday season! 🎄✨

#🎄 #❤︎

Black Friday is around the corner. For business owners, it's a prime opportunity for smart equipment purchases. But what...
11/25/2025

Black Friday is around the corner.
For business owners, it's a prime opportunity for smart equipment purchases. But what can you actually write off?

Let's talk about CCA (Capital Cost Allowance) vs. immediate expensing.

Immediate Expensing: For most Canadian-controlled private corporations (CCPCs), you can immediately deduct the full cost of eligible property (like computers, software, equipment) up to a $1.5 million annual limit. This is often the best option.

Capital Cost Allowance (CCA): The traditional method of claiming depreciation over several years on an asset (e.g., a vehicle or large machinery).

Small business owners: Black Friday isn’t just for deals, it’s tax planning season too! 🖥️

✅ Buying new equipment before year-end? Claim it as a Capital Cost Allowance deduction.
✅ Track all invoices for CRA compliance
✅ Don’t overbuy — only purchase what’s genuinely needed for business

💡 Plan smart. Save money. Invest in your business.

The Strategy: A Black Friday laptop purchase for your business could be 100% deducted this year under immediate expensing, reducing your 2025 corporate tax bill.

Plan your purchases strategically. Is your business making the most of these rules?

Save/share, comment “I’m planning my purchases!

11/20/2025

Financial Wins to Complete Before Dec 31

3 financial wins to complete BEFORE Dec. 31st (that aren’t just RRSPs). 🏆
Let’s go beyond the obvious and optimize your financial position for 2025.

1. Review Your Will & Power of Attorney: Life changes. Ensure your documents reflect your current wishes and beneficiaries. This is financial wellness.

2. Prepay Property Tax or January Rent: If you itemize deductions (less common now), this can sometimes help. For business owners, prepaying expenses can be a smart move.

3. Maximize Your Health Spending Account (HSA): If you have a private health plan or one through your corporation, use those funds for dental, vision, or paramedical services before they reset.

Which of these will you tackle first? Let me know below!



Disclaimer: This is general information. Consult a professional for your specific situation.

11/18/2025

Year-End Bookkeeping Checklist

Entrepreneurs: Don’t let messy books cost you next year.

✅ Follow this year-end bookkeeping checklist to avoid surprises with CRA:

1️⃣ Reconcile bank & credit card statements
2️⃣ Verify accounts receivable & payable
3️⃣ Review expense categories for accuracy
4️⃣ Back up accounting data securely
5️⃣ Schedule an accountant review or consultation

💡 A clean ledger now = smooth tax filing in 2026.
Tag a business buddy who needs this reminder!

Share, save and tag a business friend.

For more money and tax tips, follow 👇


For personal finance advice, follow 👇 ca

This is general information only. Consult a tax professional for your specific situation.

11/14/2025

Q4 Tax Tips for Self-Employed Canadians

Self-employed? Q4 is the time to get your tax house in order. Many freelancers overpay or miss deductions because they wait until year-end.

Here’s your quick Q4 checklist:

✅ Organize receipts for home office, software, and mileage
✅ Estimate quarterly taxes to avoid CRA penalties
✅ Contribute to RRSP or TFSA if applicable
✅ Review past invoices & unpaid payments
✅ Schedule a tax consultation before December

💡 Taking 1 hour now could save you hundreds or even thousands in April.

Save & share for your fellow freelancers!

”

Remembrance Day: Honouring VeteransOn November 11, we pause to honour the bravery and sacrifice of Canadian veterans.Whi...
11/11/2025

Remembrance Day: Honouring Veterans

On November 11, we pause to honour the bravery and sacrifice of Canadian veterans.

While this isn’t a tax post, financial planning can still honour their legacy, for example: supporting veterans’ charities or participating in community initiatives can have meaningful impact.

Take a moment to reflect and share your gratitude. 🌺

Share a story of a veteran you respect

Address

Toronto, ON

Opening Hours

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

Telephone

+14374675581

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