Prairie Strong

Long Weekend Ahead!

Just a friendly reminder that all our offices will be closed on Monday, September 7, 2026 for Labour Day!

We apologize for any inconvenience this may cause. See you Tuesday, September 8, 2026!

Apply Today!

Please submit your resume in confidence by September 1, 2026, to:
Prairie Strong Chartered Professional Accountants
Attention: B.M. Van Caeseele, Managing Partner
Box 1660
Melville, SK S0A 2P0
Email: [email protected]

Only candidates selected for an interview will be contacted.

https://www.saskjobs.ca/jsp/joborder/detail.jsp?job_order_id=1537130

💡 Did You Receive a Tax Instalment Reminder?

If the CRA sends you a tax instalment letter, it may mean that your tax balance owing was more than $3,000 and that you may be required to make tax payments throughout the year.

Tax instalments help spread your tax payments over the year rather than paying one large amount at tax time. Think of them as being similar to the taxes deducted from an employee's paycheque.

📅 Tax Instalment Due Dates
✔️ March 15
✔️ June 15
✔️ September 15
✔️ December 15

Understanding your instalment requirements can help you avoid unexpected interest charges and stay on top of your tax obligations.

📞 If you have questions about a tax instalment letter, contact your local Prairie Strong office for more information.

Disclaimer: All information and examples are for educational purposes only and do not constitute legal or tax advice. Please consult a licensed accountant regarding your individual tax circumstances.

🎓 Tuition Tax Credits: A Benefit for Students and Families

Did you know that unused tuition tax credits may be transferred to a parent or grandparent?

If a student does not need all of their eligible tuition tax credits to reduce their own taxes, they may be able to transfer up to $5,000 of eligible tuition amounts to a parent or grandparent in the same tax year (subject to certain conditions).

📚 If your child or grandchild is attending post-secondary school, be sure to keep their T2202 Tuition and Enrolment Certificate when it's time to file taxes.

A little planning today could help your family save at tax time!

📞 Contact your local Prairie Strong office for more information.

Disclaimer: All information and examples are for educational purposes only and do not constitute legal or tax advice. Please consult a licensed accountant regarding your individual tax circumstances.

🎓💰 Give Your Child’s Future a Head Start!

Did you know that you can receive government grants to help save for your child’s education?

A Registered Education Savings Plan (RESP) is a smart way to build savings for post-secondary education. When you contribute, the Government of Canada may add 20% to your contributions through the Canada Education Savings Grant (CESG), helping your savings grow even faster.

RESP funds can be used for a variety of educational pathways, including:
✅ University
✅ College
✅ Trade Schools
✅ Apprenticeships
✅ Many Vocational and Private Institutions

As your children head back to school this fall, consider investing in their long-term future. Starting an RESP today could make a significant difference tomorrow.

Have questions about RESPs or education savings? Contact your local Prairie Strong office—we’re here to help!

Disclaimer: All information and examples are for educational purposes only and do not constitute legal, tax, or financial advice. Please consult a licensed accountant or qualified financial professional regarding your individual circumstances.

📢 Summer Office Closure Notice 📢

Please note that our Melville and Grenfell offices will be closed on the following dates in July and August:

July
• July 1 (Canada Day) 🇨🇦
• July 2
• July 3
• July 10
• July 17
• July 24
• July 31

August
• August 3 (Saskatchewan Day)
• August 7
• August 14
• August 21
• August 28

✅ Regular office hours will remain unchanged Monday through Thursday during this period.

Thank you for your understanding. We wish everyone a safe and enjoyable summer!

💡 Moving This Year? You May Be Eligible for Tax Deductions! 🚚

Did you know that some moving expenses may help reduce your taxable income?

If you moved to be at least 40 km closer to a new job, business location, or post-secondary school, you may be able to claim certain moving expenses as a tax deduction.

Eligible expenses may include:
✅ Transportation and storage costs
✅ Travel expenses
✅ Temporary living expenses
✅ Costs related to selling your old home

Have questions about moving expense deductions? Contact your local Prairie Strong office to learn more about what may qualify.

Disclaimer: All information and examples are provided for educational purposes only and do not constitute legal or tax advice. Please consult a licensed accountant or tax professional regarding your individual circumstances.

💼 Self-Employed Expenses 💼

There is a common misconception that your business must be incorporated to claim expenses or deductions — but that’s not true. Even self-employed individuals and sole proprietors may claim eligible business expenses.

Whether your business is incorporated or not, many costs incurred to earn income can be deducted as a “cost of operating a business.” Expenses such as insurance, office supplies, and certain professional fees (to name a few) may help reduce your taxable income.

There are also expenses that are often overlooked — such as depreciation on buildings or equipment, repairs, and maintenance — that may qualify as business deductions.

If you own or operate a business and have questions about which expenses you may be eligible to claim, contact your local Prairie Strong office today.

Disclaimer: All information and examples are provided for educational purposes only and do not constitute legal or tax advice. Please contact a licensed accountant regarding your individual tax circumstances.

🌼 May Long Weekend Notice 🌼

Just a friendly reminder that our office will be closed for the May Long Weekend, Monday, May 18, 2026. We’ll reopen on [Tuesday, May 19, 2026] for regular business hours.

We hope everyone enjoys a safe, relaxing, and well-deserved long weekend! ☀️

🎓 What is the tuition tax credit?
It’s a non-refundable tax credit that lowers your tax payable if you paid tuition to an eligible educational institution.

✅ Who can claim it?
You can claim it if:
• You paid tuition fees for post-secondary education (college, university, or certain training programs)
• The school is recognized by the Canada Revenue Agency

💸 How it works
• You get a federal credit equal to 15% of eligible tuition fees
• Provinces (like Saskatchewan) also offer a provincial credit, which adds extra savings

👉 Example:
If you paid $5,000 in tuition → you get at least $750 in federal tax credits, plus provincial savings

📑 What counts as eligible tuition?
• Tuition fees over $100 per institution
• Fees paid to:
o Universities
o Colleges
o Certified training institutions

❌ What doesn’t count?
• Books and supplies
• Student loan interest (that’s a separate credit)
• Living expenses
• Transportation or parking

🔄 What if you don’t need the credit?
If you don’t owe enough tax to use it all, you can:
• Carry it forward to future years (no limit)
• Transfer up to $5,000 to:
o A parent or grandparent
o A spouse or common-law partner

🧾 What you need
• Your T2202 form (Tuition and Enrolment Certificate) from your school

Disclaimer: all information and examples are for educational purposes only and do not constitute legal tax advice. Please contact a licensed accountant regarding your individual tax circumstances.