SBLR

June can be an easy month for tax deadlines to slip by, especially once personal tax season feels like it’s behind us. 📅

Here are a few dates to keep in mind for 2026:

1️⃣ June 15: Self-employed personal tax filing deadline
2️⃣ June 30: Filing deadline for certain non-resident individuals under Section 216 or 217
3️⃣ June 30: Corporate income tax return deadline for December 31 year-ends

For self-employed individuals and non-resident individuals, the June deadlines apply to filing. Any balance owing was still due April 30.

Questions about an upcoming filing or deadline? Let's chat: https://www.sblr.ca/contact

Profit and cash flow are not synonymous. For growing businesses, the gap between these numbers can cause real problems.

You can have a profitable year on paper and still struggle to cover payroll. Revenue comes in, but suppliers need to be paid before clients do. A strong month can create a significant tax obligation before the cash is actually there to cover it.

Our latest blog walks through how these two metrics work, why they move at different times, and what to watch for as your business grows.

Read it here: https://sblr.ca/cash-flow-vs-profit-canada/

Your financial statements are only as good as the bookkeeping behind them.

When records are accurate and current, you can assess profitability and cash flow with confidence, year-end runs more efficiently, and the risk of errors or missed expenses goes down significantly.

When they're not, statements can be misleading, decisions get made on incomplete data, and year-end becomes reactive and costly.

We go beyond data entry. Our team makes sure your bookkeeping supports your financial reporting and broader decision-making year-round.

Get in touch to talk about how we can help: https://www.sblr.ca/contact

Not all trust structures serve the same purpose.

An alter ego trust is available to individuals 65 or older and allows assets to be transferred during the settlor's lifetime while they retain the right to all income from the trust. It can help avoid probate, maintain privacy, and simplify how assets move outside of a will.

Whether it fits depends on eligibility, ongoing tax obligations, your goals, and how the structure integrates with the rest of your estate plan.

If you're working through your options, our team can help assess what makes sense: https://www.sblr.ca/contact

After months of hard work, our team came together at Oche Canada to unwind, connect, and celebrate another successful tax season.

Big thanks to our clients and an even bigger shout‑out to our amazing team; this one was well deserved! 👏

Most business owners have a will. Fewer have a plan for what happens to the business itself.

A will can transfer shares, but it doesn't address how operations continue, how decision-making authority shifts, or what the tax consequences look like when ownership changes hands.

Those gaps matter.

Estate planning done properly covers the structure behind the transfer, not just the transfer itself. That includes estate freezes, trust structures, succession strategies, and modelling the tax impact before decisions are made.

If you'd like to talk through where your plan stands, our team can help: https://www.sblr.ca/contact

How often should you review your bookkeeping numbers?

For most business owners, the answer comes down to how active the business is and how often decisions need to be made.

Swipe through to see how bookkeeping needs typically change as a business grows. 👉

If you're unsure where your business falls, our team can help: https://www.sblr.ca/contact

When a shareholder passes away, their shares are generally deemed disposed of at fair market value for tax purposes.

Without planning, this can result in:

1️⃣ 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗴𝗮𝗶𝗻𝘀 𝘁𝗮𝘅 on shares at death
2️⃣ 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗮𝘀𝘀𝗲𝘁𝘀 remaining inside the company
3️⃣ 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀 creating an additional layer of tax

𝗣𝗼𝘀𝘁-𝗺𝗼𝗿𝘁𝗲𝗺 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 helps coordinate corporate and estate tax outcomes and reduce the risk of double taxation.

These situations often require coordination between tax advisors, executors, legal counsel, and the corporation.

If you are reviewing how business ownership fits into your estate planning, our team can help.

Get in touch: https://www.sblr.ca/contact