Piligrim Accounting INC.

Would your tax return hold up if CRA looked at the full picture, not just one line item?

A recent CRA review we examined asked for far more than receipts: business registration details, bank statements, proof of payments, and more. It's a reminder that good records need to explain the whole story behind your numbers.

We break it down here: https://piligrim-accounting.com/cra-tax-review-consistent-financial-story/

Starting a Business? Don't Let Costly Mistakes Hold You Back.

Did you know that many new business owners make expensive tax and accounting mistakes in their first year simply because they didn't know the rules?

Whether you're launching a side project, becoming self-employed, or thinking about incorporating, understanding your financial responsibilities from the start can save you thousands of dollars and countless hours of frustration.

Join Piligrim Accounting's Startup Essentials Workshop and gain the practical knowledge every entrepreneur needs to build a successful business.

📅 Saturday & Sunday, July 25–26
🕚 11:00 AM – 3:00 PM

Over two interactive sessions, you'll learn:

✅ Sole Proprietorship vs. Corporation
✅ Business Registration & CRA Requirements
✅ GST/HST & Tax Basics
✅ Bookkeeping Fundamentals
✅ Payroll Essentials
✅ Business Expenses & Tax Deductions
✅ Financial Reporting & Compliance

Learn from experienced accounting professionals Victoria Agabalyan and Elena Ivanova, who will simplify complex accounting and tax topics into practical advice you can use right away.

Early Bird price until July 19: $250 + HST
Regular Price: $300 + HST

https://piligrim-accounting.com/startup-essentials-workshop/

Seats are limited! Register now to secure your Early Bird pricing and start your business with confidence.

Send us a message or visit our website to reserve your spot today!

Do you remember your due dates????

If your corporation’s year-end is December 31, these are the key deadlines to keep in mind each year:
— Corporate tax payment (CCPC, taxable income under $500K) — March 31
— Corporate tax payment (non-CCPC or CCPC with taxable income over $500K) — February 28
— HST filing and payment — March 31
— T2 corporate tax return filing — June 30

✨Happy Holidays!
Wishing you a warm and joyful holiday season filled with peace, rest, and positive moments.
Thank you for being with us this year.

December is not only about holidays.
Reminder: December 15 is the deadline to pay personal tax installments.
If you are required to make installments, make sure your payment is submitted on time to avoid CRA interest.
Better to take care of it now and enjoy the holidays stress-free.

Did you see the new 2026 Personal Federal Tax rates?

CRA has released the updated federal brackets for 2026, and they’re worth a closer look — especially if you're planning salary/dividend strategies, year-end bonuses, or adjusting payroll withholdings.

The lowest bracket remains at 14%, but indexation has shifted income thresholds upward.
Middle brackets (20.5% and 26%) now start later, giving a bit more room before tax rates jump.

This may slightly reduce overall tax for individuals with income near the lower thresholds — or may open planning opportunities for those whose income hovers around the bracket cut-offs.

Do you run your tax practice?

Come and join the panel discussion in Russian language of four experienced tax preparers will share how they organize their work, manage client expectations, protect their energy, and actually survive the peak of tax season while running an active bookkeeping/tax practice.
🗓️We will meet on Zoom on December 11, 2025 at 6:30 pm (Toronto time)
If you are a bookkeeper or tax specialist and want real-life strategies (not theory), you’re welcome to join.

👉 Leave a comment “I’m in” or send me a message, and I’ll share the Zoom link and details.