Filed your return? Don’t toss those receipts yet.
The CRA can ask you to back up a deduction years later. No proof = deduction denied, tax owed, plus interest back to day one.
The rule: six years from the end of the tax year — not the date on the receipt. File 2026 on time, keep them until end of 2032.
No shoebox needed. A clear scan in the cloud counts — smart, since thermal receipts fade to blank fast.
General information only — not personal tax advice.
DM “RECEIPTS” for a simple setup.
FiscalX Professional Corporation
We are a Professional Corporation that thrives on providing services related to taxes and managing business.
Most people think bookkeeping is just “keeping receipts.”
It’s actually the difference between guessing at tax time and knowing your numbers cold.
Clean books mean you catch every deduction you’re owed, you’re ready if the CRA ever asks questions, and you actually understand what your business is doing month to month.
Messy books cost you money you’ll never see — because you can’t claim what you can’t prove.
The best time to start was January. The second best time is today.
DM “BOOKS” and let’s get yours sorted.
Moved this year? There’s one call you probably forgot to make. 📦
And the CRA doesn’t forgive “I didn’t know.”
Miss this and your refund, benefit payments, and important notices could go to the wrong place.
DM “MOVED” and I’ll send you the quick fix. 👇
Don’t toss those receipts. 🧾
That shoebox everyone jokes about? It’s actually protecting you.
Because when it comes to your taxes, “trust me, I paid for it” doesn’t hold up.
Keep them. Back them up. Future you will be grateful.
📩 DM “RECEIPTS” and we’ll show you how to keep them the right way.
General info, not tax advice.
Should you incorporate? It’s NOT automatic tax savings — it’s tax deferral. 📊
Keeping profit inside a corporation can let you keep more capital working in the business. But that advantage only shows up when you’re earning more than you actually need to live on — and you still pay tax when you take the money out.
Incorporate when: your business earns more than you spend, you want limited liability, or you’re planning for the long game.
Skip it when: you need every dollar to survive, or your profit won’t cover the added cost of corporate filings and bookkeeping.
It’s a decision built on YOUR numbers — not a rule of thumb someone gave you.
DM “INCORPORATE” and let’s run yours.
Not sure what you can actually write off? 🧾 We can break down exactly what counts as a legit business expense — save this before tax season sneaks up on you. 💸
Many Canadians aren’t just overpaying taxes—they’re missing out because they don’t plan ahead. 💶
RRSPs, shareholder planning, and income splitting can help you keep more of your money when used properly.
Tax savings start with tax planning. 📩 DM us to build your strategy.
Still waiting for your CRA Notice of Assessment? Your return may be under review. 📄
CRA could request additional documents, so don’t ignore the notice or delay your response.
📩 Contact us and we’ll help you submit the right documents and move your file forward.
Our new website is live! 🚀
You can now book an appointment, make a payment, and submit your information—all in one place, with ease.
Visit www.fiscalx.ca and get started today!
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Website
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Toronto, ON
M3B3H9
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| Monday | 11am - 6pm |
| Tuesday | 11am - 6pm |
| Wednesday | 11am - 6pm |
| Thursday | 11am - 6pm |
| Friday | 11am - 6pm |