RMA RMA can help your business with not only tax returns, but with longer term tax planning, business planning, networking, and even personal tax planning.

RMA Professional Corporation, a CPA, CGA firm – your partner in financial and business growth. We provide a wide range of services to businesses and individuals including income tax returns, tax compliance, tax planning, financial statements, notice to reader engagements, bookkeeping, HST, help starting a new business, business valuations, financing, corporate reorganizations, business consulting,

and business management. Our business revolves around relationships as much as numbers and service delivery. We invest in understanding our clients and their businesses to ensure we deliver effective advice. We have strength and depth in the major accountancy and tax disciplines, and some of the more specialist ones too. We advise on all stages of business – from start-up through to preparation for sale and post-sale wealth management. RMA Chartered Professional Accountants believe in technological integration in accounting. We proved eco-friendly online payroll solution at no cost to our client for easy payroll data management and submission. By our integrated solution you can transmit your employees’ payroll data electronically at any time from anywhere. Our payroll solution is easy, secure, time consuming and fully managed solution. Please contact us to know more about our services and technological solutions.

06/18/2025

If you don’t know how to manage or grow money, you will quickly lose it — no matter how much you have.
That’s why learning about money (financial intelligence) is important.

Money rules
06/18/2025

Money rules

If you don’t know how to manage or grow money, you will quickly lose it — no matter how much you have.
That’s why learning about money (financial intelligence) is important.

11/17/2023

BALANCE SHEET

Follow Accounting Knowledge Concepts

Happy holidays from Team RMA CPA
12/25/2022

Happy holidays from Team RMA CPA

01/18/2021

ONTARIO GRANTS AVAILABLE - JANUARY 2021

There are three Ontario Grants available to Small Businesses.

1. Ontario Small Business Support Grant
2. Main Street Relief Grant for Personal Protective Equipment (PPE)
3. Property Tax and Energy Cost Rebate Grants

i) The application closing date is March 31, 2021.

ii) Eligible small businesses include those that:

iii) Were required to close or significantly restrict services due to the Province-wide Shutdown being imposed across the province effective 12:01 a.m. on December 26, 2020

iv) Have fewer than 100 employees at the enterprise level.

v) Have experienced a minimum of 20 percent revenue decline in April 2020 compared to April 2019.

vi) New businesses established since April 2019 will also be eligible if they meet the other eligibility criteria.

a/Ontario Small Business Support Grant - The new Ontario Small Business Support Grant, will help small businesses that are required to close or significantly restrict services under the new Provincewide Shutdown.

b/Main Street Relief Grant for Personal Protective Equipment (PPE) providing up to $1,000 for PPE costs to eligible small businesses across Ontario with 2 to 9 employees.

c/Property Tax and Energy Cost Rebate Grants for businesses that were required to shut down or significantly restrict services due to provincial public health measures (modified Stage 2 restrictions) or, going forward, in areas categorized as control, Lockdown or Provincewide Shutdown). This provincial application-based grant provides a rebate to eligible businesses with respect to property taxes and energy bills.

vii) The following types of businesses are eligible for support due to Provincewide Shutdown:

Before- and after- school programs
Campgrounds
Cannabis retail stores
Cell phone and computer providers & repairs
Community centres and multi-purpose facilities
Conference centres and convention centres
Day camps for children
Domestic services
Drive-in cinemas
Driving instruction
Facilities for indoor sports and recreational fitness activities (including fitness centres and gyms)
Garden centres
Hardware stores (including Big Box stores) required to close for in-person shopping
In-person teaching and instruction
Media industries including film and television production (excluding radio/television broadcasting)
Meeting or event space
Museums, galleries, aquariums, zoos, science centres, landmarks, historic sites, botanical gardens and similar attraction
Outdoor markets (excluding grocery)
Outdoor sports and recreation facilities
Performing arts and cinemas
Personal care services relating to the hair or body (excluding oxygen bars)
Personal services
Pet/animal food and services
Photography services
Racing venues, casinos, bingo halls and gaming establishments
Rental and leasing services (including automobile, commercial and light industrial machinery and equipment rental)
Restaurants and bars
Retail required to close for in-person shopping
Safety, medical and assistive devices retail (excluding pharmacies)
Shopping malls
Ski hills
Tour and guide services
Vehicle and equipment repair services
Veterinary services

If you qualify, here is the link to apply:

07/29/2020

The CRA has yet again extended filing and payment deadlines. This time to September 30, 2020.



See here for the full CRA Press release: https://www.canada.ca/en/revenue-agency/news/2020/07/the-canada-revenue-agency-announces-an-extension-to-the-payment-deadline-and-offers-interest-relief-on-outstanding-tax-debts-during-the-covid-19-pa.html



Filing returns

The previously extended filing due dates for individual, corporate, and trust income tax returns remain unchanged. However, recognizing the difficult circumstances faced by Canadians, the CRA will not impose late-filing penalties where a current year individual, corporation, or trust return is filed late provided that it is filed by September 30, 2020.


Payment deadline extension

The CRA is extending the payment due date for current year individual, corporate, and trust income tax returns, including installment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. This includes the late-filing penalty as long as the return is filed by September 30, 2020.

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Toronto, ON
M1L4C3

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Friday 9am - 8pm

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