Source Accounting Professional Corporation, CPA

😊 Tax Season Doesn't Have to Be Stressful!

Markham's Source Accounting makes taxes simple and hassle-free. Our CPAs handle everything so you don't have to.

Let's make tax season easy!

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

🤔 What Services Does an Accounting Firm Actually Provide?

Not all accounting firms are created equal! Some offer just one service, while others provide comprehensive support for all your financial needs. 💼

Common services accounting firms offer:
📊 Bookkeeping & Accounting

Daily transaction recording
Financial statement preparation
Monthly reconciliations

💰 Tax Services

Personal and corporate tax returns
Tax planning and optimization
CRA representation and audit support

🏢 Corporate Services

Incorporation and setup
Minute book maintenance
Corporate restructuring

💼 Payroll Services

Payroll processing
T4/T5 preparation
CRA remittances

📈 Advisory & Consulting

Business planning
Financial forecasting
Growth strategies

🔍 Assurance Services

Review engagements
Audit services
Compilation reports

Why choose a full-service firm?
✅ One point of contact for all financial needs
✅ Integrated approach to your finances
✅ Cost-effective bundled services
✅ Holistic financial planning
Don't settle for partial support—partner with a firm that covers all your needs! 🎯

Source Accounting offers comprehensive services for businesses and individuals!

📞 647-930-8130 | 📧 [email protected]
📍 Mississauga, ON

Your complete accounting solution! 💪

Types of Services by Accounting Firms: A Comprehensive Guide Learn the various services offered by accounting firms, such as tax planning, bookkeeping, and auditing. Ideal for businesses and individuals in Mississauga

✨ Franchise Accounting Made Simple!

Source Accounting takes the confusion out of your financial landscape. We handle the complexities so you can focus on running your franchise.

Let our expert CPAs simplify your accounting today.

📞 647-930-8130
📧 [email protected]

Visit: www.sourceaccounting.ca

📚 Master Your Books, Master Your Success!

Proper bookkeeping is the foundation of financial success. Source Accounting helps you organize, manage, and optimize your financial records.

Let our CPAs guide you to financial clarity and growth.

📞 Call Now: 647-930-8130
📧 [email protected]
🌐 www.sourceaccounting.ca

🏠 Changed How You Use Your Property? There Are Tax Consequences!

Did you know that changing your property's use can trigger a DEEMED DISPOSITION and create an immediate tax bill—even if you haven't sold anything? 😱

Common change of use scenarios:
🔄 Personal home → Rental property
🔄 Rental property → Personal home
🔄 Residential → Commercial (or vice versa)
🔄 Part of home → Home office

What happens:
⚠️ CRA treats it as if you SOLD the property at fair market value
⚠️ Capital gains tax may be triggered
⚠️ Principal residence exemption may be affected
⚠️ New adjusted cost base is established
⚠️ HST implications may apply

Planning a property use change?
Source Accounting helps you understand the tax implications and plan accordingly.

📞 647-930-8130 | 📧 [email protected]
📍 Mississauga, ON

Plan ahead and save! 🎯

Real estate: Change of use rules / deemed disposition rules Every-time real estate property use is changed (residential/commercial), there is tax implication and potential tax liabilities. Here is how it works. %

✨ Experience Where It Matters!

Source Accounting Professional Corporation brings expert financial analysis and strategic guidance to your business.

Our CPAs have the knowledge and experience to help you succeed.

📞 Call Now: 647-930-8130
📧 [email protected]
🌐 www.sourceaccounting.ca

📊 Bookkeeping & Financial Statements

Stay informed and organized with professional bookkeeping services! We keep your finances clear and up-to-date. 📈

📞 Call Now: 647-930-8130
🌐 www.sourceaccounting.ca

Your numbers, organized perfectly! ✅

📅 Important CRA Filing Deadlines You Need to Know!
Missing a tax deadline can mean penalties and interest charges—don't let that happen!

Here are the key dates to remember: ⏰

Personal Tax Returns (T1):
📌 April 30 - Most individuals
📌 June 15 - Self-employed (but payment still due April 30!)

Corporate Tax Returns (T2):
📌 6 months after fiscal year-end
T4/T5 Slips:
📌 February 28 (last day of February)
HST Filing & Payment:
📌 Quarterly: 1 month after quarter-end
📌 Annual: 3 months after fiscal year-end

Deceased Taxpayers:
📌 Death Jan 1 - Oct 31: April 30 next year
📌 Death Nov 1 - Dec 31: 6 months from date of death
📌 Self-employed: June 15 (or 6 months if died Dec 16-31)

Pro Tip: Even if you can't pay on time, FILE on time to minimize penalties! 💡

Never miss a deadline again!
Source Accounting manages all your filing deadlines so you can focus on your business.
📞 647-930-8130 | 📧 [email protected]
📍 Mississauga, ON
Stay compliant, stay stress-free! ✅

CRA Tax Deadlines 2023 Returns, Penalties & Interest Navigate CRA tax deadlines for 2023 with ease. Learn key dates for personal and corporate returns, penalties, and interest. Don't miss a deadline again

😟 Missed Your Tax Deadline?

It happens—and we're here to help! Source Accounting gets you back on track quickly and professionally.

Let our experienced CPAs handle the stress while you focus on your business.

📞 647-930-8130
✉️ [email protected]

Visit: www.sourceaccounting.ca

📋 Do You HAVE to File a Tax Return? The Answer Might Surprise You!

Many Canadians assume filing a tax return is optional if they don't owe taxes or didn't earn much income. Wrong! ❌

You MUST file if:
✅ You owe taxes to CRA
✅ CRA sent you a request to file
✅ You want to claim a refund
✅ You received certain benefits (OAS, EI, etc.)
✅ You want to claim GST/HST credit or CCB
✅ You disposed of capital property
✅ You have self-employment income over $3,500

Corporations MUST file if:
✅ The corporation was active during the year
✅ It received any income
✅ It disposed of assets
✅ CRA requires a return
✅ Even if there's NO tax owing!

Why file even if not required?
💡 Claim benefits and credits
💡 Build RRSP contribution room
💡 Establish income history
💡 Receive refunds
💡 Avoid future complications
The bottom line: When in doubt, FILE! It protects you and ensures you don't miss benefits. ✅

Source Accounting can assess your situation and handle all your filing requirements.

📞 647-930-8130 | 📧 [email protected]
📍 Mississauga, ON

Don't risk penalties—get it right! 💼

Do You or Your Corporation Need to File a Tax Return? Discover when to file personal and corporate tax returns in Canada. From pension income to GST/HST credits, Source Accounting guides you through the tax maze