Currie Accounting Services

Currie Accounting Services Currie Accounting has been serving clients across Canada for over 25 years.

We offer a wide range of personal and business accounting and bookkeeping services, including tax planning and returns, payroll, remittances and record keeping.

When did you last look at your financial statements? 📊If the answer is "at tax time" you're not alone. But waiting unti...
07/17/2026

When did you last look at your financial statements? 📊

If the answer is "at tax time" you're not alone. But waiting until year end to review your numbers means you're always reacting, never planning.

Here's what regular reviews look like:

✔ Monthly: Check revenue, expenses, and cash flow. Catch problems early before they become expensive.

✔ Quarterly: Review profitability and accounts receivable. Adjust pricing, spending, or staffing while you still have time.

✔ Annually: Full review with your accountant. Tax planning, compensation strategy, and making sure your structure still makes sense.

The more often you look at your numbers, the more control you have over your business.
📞 (204) 231-0947 | currieaccounting.com

Gross income and net income are not the same thing and mixing them up leads to bad decisions 📊Gross income = your total ...
07/16/2026

Gross income and net income are not the same thing and mixing them up leads to bad decisions 📊

Gross income = your total revenue before any expenses come off. It shows how much business you're doing.

Net income = what's left after all your expenses payroll, operating costs, taxes, and more. It shows how profitable you actually are.

A business can have impressive gross income and still be barely breaking even. The expenses in between are what determine whether you're actually making money.

Know the difference and make sure you're watching both numbers.
📞 (204) 231-0947 | currieaccounting.com

Profitable on paper but always short on cash? Your cash flow statement has the answer 📊It breaks down into three section...
07/14/2026

Profitable on paper but always short on cash? Your cash flow statement has the answer 📊

It breaks down into three sections and each one tells you something different about your business:

✔ Operating Activities: Cash from your day-to-day business. If this is negative, your core operations aren't generating enough cash to sustain themselves.

✔ Investing Activities: Cash spent on or received from assets like equipment or property. Negative here often means you're investing in growth.

✔ Financing Activities: Cash from loans, credit lines, or shareholder contributions. Taking on debt shows as positive; repaying it shows as negative.

The net result tells you whether your cash position is growing or shrinking and why.

Profit and cash flow are not the same thing, and understanding the difference can save your business.
📞 (204) 231-0947 | currieaccounting.com

Incorporated in Canada? The CRA gives your business a 9-digit Business Number 📋It's how the government identifies your c...
07/09/2026

Incorporated in Canada? The CRA gives your business a 9-digit Business Number 📋
It's how the government identifies your corporation for every tax interaction.

It connects to three key accounts:
✔ Corporate tax: for your annual T2 return
✔ GST/HST: for collecting and remitting sales tax
✔ Payroll: for source deductions if you have employees

You won't need all three right away it depends on your revenue and whether you have staff. But knowing what your BN connects to helps you stay on top of your obligations.

Questions about your CRA accounts? 👉 currieaccounting.com

Use your vehicle for business? You can deduct a portion of your costs but the CRA looks closely at vehicle claims, so t...
07/08/2026

Use your vehicle for business? You can deduct a portion of your costs but the CRA looks closely at vehicle claims, so the details matter 🚗

What you can claim:
✔ Fuel — the business-use portion
✔ Insurance — prorated for business use
✔ Repairs and maintenance
✔ Lease payments or loan interest (up to CRA limits)
✔ Licensing and registration

The catch? You can only deduct the percentage of your vehicle that's used for business. Personal driving including your daily commute doesn't count.

The most important thing you can do is keep a mileage log. Record every business trip: the date, where you went, why you went, and how many kilometers you drove. Without it, the CRA can disallow your entire claim.

Not sure if you're tracking the right things? Let's talk.
📞 (204) 231-0947 | currieaccounting.com

Work from home? You might be able to deduct part of your home expenses 🏠Here's what you need to know:✔ The space must be...
07/07/2026

Work from home? You might be able to deduct part of your home expenses 🏠

Here's what you need to know:

✔ The space must be used exclusively for business a dedicated office qualifies, a shared space doesn't

✔ For incorporated owners, your corporation can reimburse you for the business-use portion of your home costs tax-free

✔ Eligible expenses include utilities, internet, rent or mortgage interest, and property taxes

✔ The deduction is based on the % of your home used for business

Keep your receipts and know your square footage
Questions? 👉 currieaccounting.com

CRA audits aren't random here's what actually triggers one 🔍Their software compares your return to other businesses in y...
07/03/2026

CRA audits aren't random here's what actually triggers one 🔍

Their software compares your return to other businesses in your industry. These are the red flags:
✔ Deductions that seem too high for your income level
✔ Personal expenses mixed in with business costs
✔ Revenue that fluctuates without explanation
✔ Late or inconsistent filing history

The best protection? Clean books and organized records. If you can back up every number you've claimed, you have nothing to fear

Questions about your books? 👉 currieaccounting.com

Got a letter from the CRA? Here's what it means 📬A Notice of Assessment is the CRA's official review of your tax return....
07/02/2026

Got a letter from the CRA? Here's what it means 📬

A Notice of Assessment is the CRA's official review of your tax return. It shows:
✔ Your assessed income
✔ Any changes the CRA made
✔ Your refund or balance owing

Read it carefully if something doesn't match what you filed, you have 90 days to dispute it. Don't just file it away!

Questions? 👉 currieaccounting.com

Happy Canada Day! 🍁🎉From our team to yours enjoy the long weekend, the sunshine, and the people around you
07/01/2026

Happy Canada Day! 🍁🎉

From our team to yours enjoy the long weekend, the sunshine, and the people around you

Want a lower tax bill this year? The time to act is now not December. 💰If you're incorporated, take 10 minutes to review...
06/30/2026

Want a lower tax bill this year? The time to act is now not December. 💰

If you're incorporated, take 10 minutes to review:

✔ Your salary vs. dividend mix
✔ Your shareholder loan balance
✔ GST/PST remittances, any gaps?

Mid-year adjustments can make a big difference at tax time!
Currie Accounting can help👇
📞 (204) 231-0947 | currieaccounting.com

Address

4-851 Lagimodiere Boulevard
Winnipeg, MB
R2J3K4

Opening Hours

Monday 9am - 4:30pm
Tuesday 9am - 4:30pm
Wednesday 9am - 4:30pm
Thursday 9am - 4:30pm
Friday 9am - 4:30pm

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