TGL Group Chartered Professional Accountants LLP

Happy Labour Day 🎉

Today's a great reminder to slow down and appreciate the effort that goes into building something; whether that's your business, your team or just getting through a busy season.

From all of us at TGL Group, enjoy the long weekend with the people who matter most. You've earned it.

𝗩𝗶𝘀𝗶𝘁 𝘂𝘀 𝗮𝘁 𝘁𝗴𝗹𝗰𝗽𝗮.𝗰𝗼𝗺 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻!

Fall is closer than it feels and it is the ideal time to start thinking about year end tax planning, not December.

Waiting until the last few weeks of the year limits your options. Starting now gives you time to make strategic decisions around income timing, expenses and any structural changes that could make a real difference on your return come spring.

If it has been a while since we last sat down and talked through your numbers, this is a great moment to book that check in. A short conversation today can mean far fewer surprises when tax season eventually arrives in the new year.

Ready to start planning ahead? Book a check-in with your TGL advisor today.

𝗩𝗶𝘀𝗶𝘁 𝘂𝘀 𝗮𝘁 𝘁𝗴𝗹𝗰𝗽𝗮.𝗰𝗼𝗺 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻!

Mark your calendar: September 15 is the deadline for Q3 personal tax instalment payments if you are required to pay by instalments.

Missing an instalment is not just an inconvenience. CRA can charge interest on the shortfall, even if you catch up later. If you are not sure whether instalments apply to you, or how much you owe, now is the time to carefully check before the date arrives.

A good rule of thumb is to treat instalment dates the same way you would treat payroll: non-negotiable and calendared months in advance so nothing falls through the cracks.

Not sure if this applies to you? Reach out to our team before September 15 and we will help you confirm.

𝗩𝗶𝘀𝗶𝘁 𝘂𝘀 𝗮𝘁 𝘁𝗴𝗹𝗰𝗽𝗮.𝗰𝗼𝗺 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻!

“I don’t need to file if my business didn’t make money this year.”

This is one of the most common myths we hear from small business owners and believing it can lead to penalties, lost credits, or missed deadlines down the road. Even in a slow year, filing keeps you compliant, protects losses you can carry forward and keeps your books clean for lenders or investors later on.

Running a business is unpredictable enough without added tax surprises. A quick conversation with your accountant now can save you from bigger headaches later and it gives you a clearer picture of where you stand.

Have a tax myth you always wondered about? Send it our way, we might feature it next.

𝗩𝗶𝘀𝗶𝘁 𝘂𝘀 𝗮𝘁 𝘁𝗴𝗹𝗰𝗽𝗮.𝗰𝗼𝗺 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻!

Wishing everyone a relaxing and memorable BC Day ☀️ Whether you’re exploring the outdoors, spending time with loved ones, or simply enjoying the long weekend, we hope you make the most of everything beautiful British Columbia has to offer. Proud to call BC home!

ProudlyBC

Happy Canada Day 🇨🇦 from all of us at TGL Group! We’re wishing you a day filled with celebration, connection, and time spent with family and friends. Proudly Canadian and proud to be part of such an incredible community ❤️

CelebrateCanada

Important tax update 📢 Starting January 1, 2028, GST/HST will apply to mutual fund trailing commissions. Financial advisors should review their registration requirements and begin preparing early to ensure compliance with the upcoming changes

AccountingNews TaxTips

To all current year CFE students, we’re wishing you a productive and successful summer as you prepare for the September 2026 CFE write 📚 Stay focused, take care of yourself, and remember that every study session brings you one step closer to your goal. From everyone at TGL Group, you’ve got this 💛

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Filing early helps you avoid delays and receive refunds sooner.

Avoid Costly Mistakes!

Missing income or filing late can lead to penalties.

Take the time to get it right.