ClearWealth Accounting Advisors

BC PST on professional services expands Oct 1, 2026. See which accounting and engineering fees are now taxable — and what Ontario clients should know. Read all about it here: https://snip.ly/cwvyud

Happy Labour Day 🇨🇦

Today, we take a moment to appreciate the hard work, dedication, and contributions of people across Canada. Wishing everyone a peaceful Labour Day and a well-deserved break.

Important update for new Disability Tax Credit applications. Starting September 8, 2026, the CRA will no longer accept pre-2023 versions of Form T2201 for new DTC applications.

If you’re preparing a new application, make sure you’re using the current form before submitting.

Need help with your tax questions? Get in touch with ClearWealth.

The August 20 CCB payment is here. See how much you'll get for 2026-27, why the amount changed, and how to handle a CRA benefit review letter. Read all about it here: https://snip.ly/cwer0j

Capital gains inclusion rate Canada 2026 stays at 50%. See what the cancelled 66.67% hike means for Ontario individuals, corporations, and LCGE limits. Read all about it here: https://snip.ly/cwhx1p

Keep Your CRA Account Secure

Your CRA account contains sensitive personal and business information. Strong, unique passwords, multi-factor authentication, and caution with unexpected emails or texts claiming to be from the CRA can help protect your account.

A few simple security habits can go a long way.

Review your tax account security today.

Know your CRA payroll remittance due date for August 2026. Regular, accelerated, and quarterly schedules explained for Ontario employers, plus penalty risk. Read all about it here: https://snip.ly/cwm7qj

Find out when a car allowance is taxable in Canada, the 2026 CRA per-kilometre rates, T4 reporting rules, and how Ontario employees claim vehicle costs. Read all about it here: https://snip.ly/cw7u17

Learn when your Ontario business must switch from monthly to accelerated CRA payroll remittances. AMWA thresholds, due dates and CRA penalties explained. Read all about it here: https://snip.ly/cwjvyb

Got a CRA text about a tax refund? Learn how to spot fake CRA messages, verify a real notice, and report the scam. Ontario tax expertise from ClearWealth. Read all about it here: https://snip.ly/swsdqw