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Ford City Financial

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Windsor, ON
Ford City Financial

Personal Income Tax, Business Return, Inter-Students Taxation, Bookkeeping and Payroll Services We enjoy providing clients with money saving services.

Let us worry about the details so you can focus on the big picture. Contact us today!

04/26/2026

📢 Important Tax Reminder: Don't Miss the Deadline!

Final call for tax season! April 30 is the official deadline to file your Canadian personal income tax returns. Filing on time is the best way to avoid late-filing penalties and ensure your benefit payments—like the CCB or GST/HST credit—continue without interruption.

Whether your situation is straightforward or involves complex corporate filings and rental properties, getting those documents submitted today is a top priority.

Need a hand with the final paperwork? Don't wait until the clock strikes midnight. Reach out now, and let's get your taxes filed accurately and on time.

📞 Give us a call today to get started!

03/11/2026

Ford City Financial is proud to announce our official sponsorship of Saints Downs. We are thrilled to partner with such a talented band and support our local music scene.

03/05/2026

WHAT REALLY HAPPENS IF YOU FILE LATE IN CANADA.

Filing your taxes late in Canada can cost you a lot, The CRA charges immediate penalties, daily compounding interest, and late filing can even delay or stop your benefits. If you owe money, the meter starts running the day after the deadline.

1. You Get Hit With a Late‑Filing Penalty
If you file after April 30 and you owe tax, the CRA charges:
• 5% of your balance owing right away, plus
• 1% per month for up to 12 months
If you’ve been penalized in any of the previous three years and received a demand to file, the penalty jumps to:
• 10% upfront, plus
• 2% per month for up to 20 months

2. Daily Compounding Interest Starts Immediately
Interest begins May 1 and compounds daily on any unpaid amount—including amounts from reassessments.
This means even a small balance can grow quickly.

3. Your Benefits and Credits Can Be Delayed or Stopped
Filing late can interrupt payments such as:
• GST/HST credit
• Canada Child Benefit
• Climate Action Incentive
The CRA won’t release these until your return is filed.

4. If You Don’t File at All, Things Get Worse
The CRA can escalate enforcement:
• Freeze bank accounts
• Garnish wages
• Withhold refunds and benefits
• Issue a “Notional Assessment” (they file for you—never in your favour)

5. Self‑Employed? You Still Must Pay by April 30
Even though self‑employed individuals have until June 15 to file, any balance owing is still due April 30.

6. You Can Ask for Penalty Relief
If extraordinary circumstances prevented you from filing (illness, disaster, financial hardship), you can request relief using From RC4288

The Bottom Line
If you owe money, filing late is expensive. If you don’t owe, there’s no penalty—but you still risk delays in benefits and refunds.

03/01/2026

📌2. “Don’t Wait for the CRA to Chase You”

The CRA doesn’t send reminders — they send letters.
Beat them to it.
Book your tax appointment early and avoid the stress.

02/28/2026

📌1. “Tax Season Starter Pack”

It’s almost tax time — here’s your Tax Season Starter Pack:
✔️ T4
✔️ Tuition slip
✔️ RRSP receipts
✔️ That one crumpled donation receipt from October
✔️ A deep breath
Ready to file? We make it painless.

02/22/2026

🩺 What the New PSW Tax Credit Is
Budget 2025 introduces a refundable tax credit specifically for Personal Support Workers.
It’s designed to put cash directly into the pockets of PSWs, even if they owe no tax.
How it works
• PSWs can claim 5% of their eligible earnings
• Up to a maximum of $1,100 per year
• It is refundable, meaning the CRA will pay it out even if your tax owing is $0
• Applies to tax years 2026 through 2030

👤 Who Qualifies
To be eligible, a worker must:
• Perform duties as a Personal Support Worker
• Work for an eligible health care establishment (e.g., hospitals, nursing homes, residential care facilities, community care facilities, home health care organizations)
• Provide one‑on‑one care that supports a person’s health, safety, autonomy, and daily living
• Work under the direction of a regulated health professional or provincial/community health organization
This is meant to capture frontline PSWs doing hands‑on care.

💵 What Counts as Eligible Earnings
Eligible earnings include:
• Taxable employment income (wages, salaries, benefits)
• Certain tax‑exempt income earned on a reserve
Important:
Earnings in British Columbia, Newfoundland & Labrador, and the Northwest Territories do not qualify due to existing provincial agreements.

🗓️ When It Applies
• 2026 to 2030 tax years
• The credit is temporary, but the government has budgeted over $1.3 billion for it across five years.

🧠 Why This Matters
This is one of the largest targeted refundable credits ever introduced for a single occupation.
It recognizes the essential role PSWs play in long‑term care, home care, and hospital support and provides meaningful financial relief.

02/21/2026

Building credit in Canada comes down to using small amounts of credit responsibly and consistently. Even newcomers or people starting from zero can build a solid score within months by following a few key steps.

What “Credit” Means in Canada
• Your credit score ranges from 300–900 and reflects how reliably you manage debt.
• A good score (typically 670–739) helps with renting, loans, credit cards, and even some job checks.

The Most Effective Ways to Build Credit in Canada
1. Open a Bank Account (First Step)
• Many banks report basic account activity to credit bureaus.
• Helps establish your financial identity in Canada.

2. Get a Cellphone Plan That Reports Payments
• Some providers report your monthly bill payments to credit bureaus.
• Paying on time every month builds positive history without taking on debt.

3. Use a Secured Credit Card
• You provide a deposit (e.g., $300) and receive a card with that limit.
• Use it for small purchases and pay the balance in full each month.
• Great for newcomers or anyone rebuilding credit.

4. Keep Your Credit Utilization Low
• Aim to use under 35% of your limit.
• Example: If your limit is $1,000, keep your balance under $350.
• This is one of the biggest factors in your score.

5. Ask Your Landlord to Report Rent Payments
• Rent is often your biggest monthly expense—turn it into credit-building power.
• Several services help landlords report payments to credit bureaus.

6. Make Every Payment On Time
• Payment history is the #1 factor in your credit score.
• Set up automatic payments to avoid missed bills.

7. Check Your Credit Report Regularly
• Checking your own score does not affect it.
• Helps you catch errors or fraud early.

Pro Tips for Faster Results
• Use your secured card for groceries or gas only, then pay it off.
• Avoid applying for too many credit products at once.
• Keep old accounts open to build long-term history.

02/15/2026

Here are CRA red flags most people don’t even realize they trigger the kind that quietly increase your audit risk without you ever meaning to.

🚨1. Claiming “Round Numbers” on Expenses
The CRA knows real life is messy.
When someone claims:
• $500 exactly for supplies
• $1,000 exactly for mileage
• $2,000 exactly for home office
…it screams estimated, not documented.
The CRA’s systems flag patterns like this automatically.

🚨2. Reporting Income That Doesn’t Match Your Lifestyle
This one surprises people.
If someone reports very low income but:
• Owns a new car
• Travels frequently
• Has high credit usage
• Lives in a high‑cost area
…the CRA may question how they’re funding their lifestyle.
It’s called the net worth audit, and it’s brutal.

🚨3. Frequent or Large Tuition Transfers
Parents and students often mess this up.
If tuition amounts transferred:
• Don’t match the T2202
• Are transferred multiple times
• Are transferred to someone who isn’t eligible
…it triggers a review.
The CRA loves reviewing tuition claims because mistakes are common.

🚨4. Home Office Claims That Don’t Make Sense
Especially after COVID.
Red flags include:
• Claiming home office without meeting the eligibility test
• Claiming more than the square footage allows
• Claiming renovations as “office expenses”
The CRA has tightened this area significantly.

🚨5. Side Hustle Income That Magically Disappears
Uber, DoorDash, OnlyFans, TikTok, tutoring, reselling -all of it is traceable.
Platforms issue slips. Banks show deposits.
If income doesn’t match digital footprints, the CRA notices.

🚨6. Claiming Dependents You’re Not Actually Supporting
People don’t realize the CRA checks:
• School records
• Custody agreements
• Addresses
• Benefit payments
If you claim a dependent but don’t provide the majority of support, it’s a red flag.

🚨7. Huge Donations Compared to Income
If someone makes $30k but claims $10k in donations, the CRA will absolutely ask questions.

02/14/2026

Here are three things every St. Clair College student should claim especially if they want to save money, reduce stress, and get the most out of their time there. These are practical, high‑value wins that students often overlook.

🎓 1. The St. Clair College Student Health & Dental Plan
Most full‑time students are automatically enrolled, but you must claim your benefits to actually use them.
What you can claim:
• Prescription medications
• Dental cleanings, fillings, and checkups
• Vision care (eye exams, glasses, contacts)
• Mental health counselling
• Physiotherapy, chiropractic, massage therapy
This plan can easily save students hundreds of dollars each year.

💸 2. The U‑Pass (Transit Pass)
St. Clair students get unlimited Windsor Transit access included in their fees.
Why it matters:
• No need to pay for gas or parking
• Unlimited rides across Windsor
• Perfect for commuting to campus, work, or downtown
Many students forget to activate or use it but it’s one of the most valuable perks.

🧾 3. Eligible Tax Credits
Every St. Clair student should claim:
• Tuition Tax Credit (T2202 form from the college)
• Textbook/education amounts (built into tuition credits)
• Public transit amounts (if applicable for certain years or provinces)
• Moving expenses (if they moved 40+ km for school and have income)
• Interest paid on student loans
These credits can reduce taxes now or carry forward for future years.

02/08/2026

Three Canadian tax credits often forgotten are the Canada Workers Benefit (CWB), Medical Travel Expenses, and Union/Professional Dues. These can save hundreds—even thousands—if claimed properly, especially for lower-income earners, rural residents, and licensed professionals.

1. Canada Workers Benefit (CWB)
• Who qualifies: Low-income workers earning employment income
• What it offers: Up to $1,428 for singles and $2,461 for families (2025 rates)
• Why it's missed: Many don’t know they qualify or assume it’s automatic—it’s not!

2. Medical Travel Expenses
• Who qualifies: Anyone who travels 40+ km for medical care not available locally
• What you can claim:
• Transportation costs (e.g., mileage, public transit)
• Meals and accommodations if traveling 80+ km
• Why it's missed: People forget to keep receipts or think the amounts are too small
• Tip: Especially valuable for rural residents or those needing specialist care

3. Union and Professional Dues
• Who qualifies: Anyone paying fees to maintain professional certification or union membership
• What you can claim: 100% of eligible dues
• Why it's missed: Many professionals forget to include annual association fees (e.g., accountants, nurses, engineers)
• Tip: Even online memberships may qualify if tied to your job

Bonus: Other Commonly Missed Credits
• Digital News Subscription Credit: Up to $500 for qualifying Canadian news outlets
• Volunteer Firefighter/Search & Rescue Credit: $3,000 non-refundable credit for 200+ hours of service
• Moving Expenses Deduction: If you moved 40+ km for work or school

Address

1089 Drouillard Road
Windsor, ON
N8Y2P9

Opening Hours

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

Website

http://www.fordcityfinancial.ca/

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