June 2026 CRA benefits payment dates are out 👀
Instaccountant
We take care of all your accounting and tax needs, so you can focus on your core business and enjoy life.
We provide year-round bookkeeping, tax and accounting support as online accountants for startups, growing businesses, contractors and self-employed professionals across Canada. Let your virtual accountants be a part of your success.
06/01/2026
Another happy client! 🙌
From overdue tax returns and CRA letters to self-employment income and corporate filings, we help make the tax side less stressful and more manageable.
Reach out anytime!
Drive for Uber? Don't lose your vehicle tax write-offs — keep a mileage log the CRA will accept. Track every trip, every km.
05/26/2026
If you claim 70% of your gas bill, the CRA expects to see exactly how you calculated that 70%. It has to be reasonable and backed by a mileage log. 📍
For meals & entertainment expenses, you can only claim 50%. Plus, you need to document who was at the table and the business purpose for the meeting.
You don't submit these receipts with your tax return, but you DO need to save them for 6 years in case the CRA asks to see them.
Snap and store with Zoombooks.app 📲
05/24/2026
💾 SAVE this post if you paid out of pocket for healthcare!
*To claim medical expenses on your Canadian tax return, costs must be paid to eligible medical practitioners or for eligible medical products and services. In many cases, claiming the total family expenses on the lower-income spouse's return can help maximize the tax benefit. Be sure to keep detailed receipts, prescriptions and invoices showing the amount paid after insurance reimbursements.
Let us know if you have any questions!
T2 nil return filing is still required for inactive and dormant corporations in Canada, even when there is no income, no expenses and no business activity. 🔴
How to claim Capital Cost Allowance (CCA) on business vehicles in Canada. Understand CRA rules for depreciation and maximize your tax savings. ✅
05/16/2026
💾 SAVE this post if you have kids in daycare or camp!
*To claim child care expenses on your Canadian tax return, the care must be for a qualifying dependent and be necessary so you (or your spouse/common‑law partner) can work, carry on a business, or go to school. Keep all detailed receipts from eligible providers such as daycares, babysitters, nursery schools and before‑ and after‑school programs.
Let us know if you have any questions!
Did you just buy a new vehicle, laptop, or equipment for your business? ✋ Before you claim the full expense, you need to understand the CRA Half-Year Rule. In the year you acquire a depreciable asset, Capital Cost Allowance (CCA) is limited to 50% of the normal rate, no matter when you bought it.
Click here to claim your Sponsored Listing.
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301-40 Wynford Drive
Toronto, ON
M3C1J5