September 10, 2026
RESPs 101: How to Make the Most of Education Savings Season
Now is the time to revisit your child’s education savings plan, especially if you have a Registered Education Savings Plan (RESP).…
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Tax tips, bookkeeping guidance and financial strategy for Canadian individuals and small businesses.
Latest · 2026-09-10
RESPs 101: How to Make the Most of Education Savings Season
Now is the time to revisit your child’s education savings plan, especially if you have a Registered Education Savings Plan (RESP).…
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September 1, 2026
The Financial Fire Drill: What Alberta Businesses Should Back Up Before an Emergency
Build a practical financial strategy so your records are protected during an emergency, and you don't have to recreate important paperwork.…
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July 31, 2026
Alberta’s Tourism Levy Increased: What Hotels, Short-Term Rentals and Hosts Need to Know
As of April 1, 2026, Alberta’s tourism levy increased from 4% to 6% on most temporary accommodation. See what this means for your business.…
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June 23, 2026
Everything You Need to Know About the Canada Groceries and Essentials Benefit
Understand what the new Canada Groceries and Essentials Benefit (CGEB) is, who may receive it, and how it can fit into your overall budget.…
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May 19, 2026
Cottage, Airbnb, or Side Rental? What Canadians Should Know Before Summer
Maybe you have a family cottage that sits empty for a few weeks, or you’re thinking about listing a basement suite on Airbnb.…
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April 29, 2026
Missed Opportunities on Your Tax Return? What You Can Still Fix After Filing
Filing your tax return often feels like crossing the finish line. You’ve gathered your documents, submitted everything on time, and can fina…
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March 31, 2026
5 Tax Myths Canadians Still Believe (And What’s Actually True)
Tax season often brings a mix of stress, confusion, and plenty of well-meaning advice from friends, family members, and the internet.…
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February 16, 2026
Financial Red Flags: What to Leave Behind Before Tax Season
Tax season has a way of revealing things we would rather not look at too closely.…
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January 16, 2026
Common Expense Mistakes Business Owners Make in the New Year
It’s an unfortunate reality: January is when many business owners make avoidable expense mistakes.…
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December 18, 2025
10 Year-End Accounting Tasks Every Small Business Should Tackle Before January
As the year winds down and the holiday rush sets in, many Alberta small business owners find themselves balancing festive responsibilities w…
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November 20, 2025
Financial Self-Care: 5 Accounting Habits That Reduce Money Anxiety
Money has a way of taking up mental space, especially when you’re not sure where it’s all going.…
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October 9, 2025
Hiring Seasonal Workers? Here’s What You Need to Know About Payroll Compliance
As the holiday season approaches, many Canadian businesses prepare for their busiest time of year.…
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September 11, 2025
Understanding the First Home Savings Account (FHSA) in Canada
For many Canadians, buying a first home feels like both a dream and a challenge.…
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August 18, 2025
RRSP vs. TFSA: Which Is Right for You?
The Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA) are two of the most powerful investment tools availabl…
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July 17, 2025
Can You Write Off Your Airbnb? Understanding Business Travel Deductions in Canada
Short-term rentals like Airbnb have become a popular alternative to traditional hotels for business travellers across Canada. They often off…
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June 18, 2025
Claiming Summer Expenses on Your Taxes: What Counts and What Doesn’t?
Summer is often a season of freedom—vacations, camps, outdoor adventures, and opportunities to learn or grow your business. But when the sea…
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May 22, 2025
How to Make the Most of Your Tax Refund in 2025
For many Canadians, tax season is a time of paperwork, deadlines and, hopefully, a refund at the end of it all.…
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April 25, 2025
What Happens If You Miss the April 30 Tax Deadline?
Every year, April 30 looms large for Canadians. It’s the deadline to file your personal income tax return, but we all know that life happens…
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March 13, 2025
Are You Feeling Lucky? Why Relying on Guesswork in Accounting is a Bad Idea
Accounting is often seen as a numbers game, but it is far from a game of chance.…
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March 1, 2025
Marriage and Taxes: The Financial Benefits (and Drawbacks) of Saying ‘I Do’
Getting married is a significant milestone that brings many changes—emotionally, legally, and financially.…
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January 21, 2025
7 Accounting Resolutions for Small Businesses in 2025
New year, new you – why not start it off with some better business practices?…
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December 10, 2024
10 Last-Minute Tax Tips to Wrap Up Your Year on a High Note
As the year begins to quickly draw to a close, it’s time to take stock of your finances and ensure your taxes are in order. For Canadians, t…
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November 25, 2024
Holiday Bonuses: How to Reward Employees Without Breaking the Bank
As the holiday season approaches, many companies face the annual question: how best to celebrate employees while balancing financial stabili…
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October 23, 2024
October: The Perfect Month to Review Your Tax Strategies for 2025
While tax season may seem far off, early preparation is important for both individuals and businesses in Canada. Taking advantage of this qu…
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September 27, 2024
Tax Implications of Freelancing: What You Need to Know
Freelancing in Canada can offer flexibility and the freedom to work on your terms, but it also comes with important tax responsibilities.…
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August 16, 2024
The Risks and Rewards of Investing in Cryptocurrency
Over the last decade, cryptocurrency has emerged as a popular investment option, capturing the attention of both seasoned investors and newc…
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July 18, 2024
7 Game-Changing Tips for Creating a Personal Budget That Actually Works
In a world of instant gratification and one-click purchases, the art of budgeting might seem as outdated as a flip phone.…
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June 14, 2024
7 Tips to Improve Your Company's Financial Health
Maintaining strong financial health is paramount for long-term success in the business world.…
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May 22, 2024
The Dos and Don'ts of Dealing with CRA Auditors
When the Canadian Revenue Agency (CRA) sends notice of an upcoming audit, it’s normal for any taxpayer to experience a wave of anxiety.…
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April 16, 2024
Last-Minute Tax Reminders for Canadian Taxpayers
As the tax season begins to wind down, Canadian taxpayers are reminded of the fast-approaching deadlines to file their 2023 tax returns and …
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March 14, 2024
How to Manage Financial Stress During Tax Season
As we (hopefully) start saying goodbye to the last of the snow and the days grow longer, we Canadians know it’s not just the promise of spri…
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February 13, 2024
Love and Taxes: How Joint Filing Can Strengthen Your Return
In the journey of life, love, and finances often intertwine in the most unexpected ways.…
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January 11, 2024
Effective Tax Saving Strategies for the Self-Employed
Understanding and utilizing effective tax-saving strategies can have a profound impact on your financial stress and overall success.…
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December 14, 2023
Smart Strategies to Cut Business Expenses in 2024
In the wake of economic uncertainties and fluctuating markets, businesses are increasingly looking for effective ways to tighten their belts…
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November 16, 2023
A Jolly Tax Guide: Tax Strategies for Employee Gifting and Holiday Parties
The end of the year is creeping closer, and you know what that means: the holidays are on their way!…
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October 17, 2023
The Tax Advantage: Hiring a Professional for Your Business Return
For unprepared businesses, filing tax returns can be a nightmare especially when you don’t have the right skills and knowledge.…
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September 14, 2023
The Cost of Returning to Routine: Understanding Your Spending and Deductions
As summer starts winding down, the vacations start to wrap up, and work and school move back into full swing, it’s back to the good old rout…
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August 17, 2023
Claiming Child Tax Credits in Canada and Alberta
As we approach back to school season, it’s yet another reminder to parents of how quickly those child-rearing expenses can add up.…
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July 20, 2023
Understanding Canada’s Greener Homes Grant
A ‘green home’ is any residence that is specifically designed, or has been retrofitted, to use significantly less energy and resources compa…
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June 28, 2023
Tax Considerations and Your New Home
The prospect of buying a new home can be both exciting and intimidating, especially for first-time buyers. It’s a big financial move, often …
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May 23, 2023
Working Vacations and Your Taxes
There has been a massive uptick in employees working remotely, and with that comes the added bonus of being able to work from different loca…
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April 20, 2023
Vehicle Ownership: Personal or Business Expense?
Congratulations, you’ve made the decision to purchase a new vehicle! However, you’re now faced with the choice of putting it under your name…
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March 24, 2023
5 Investing Tips to Reduce Your Tax Burden
Utilizing investments is one of the most overlooked ways to minimize your tax burden. By structuring your investments to take advantage of t…
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February 16, 2023
The 2023 Tax Deadline Cheat Sheet
Whether you’re filing personal or corporate income taxes, the front half of the year is chalk-full of deadlines that you need to be aware of…
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January 17, 2023
Tips for an Effective Annual Forecast
We’ve turned the page on 2022 which means it’s time to start looking ahead towards the new fiscal year and a new annual forecast.…
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December 15, 2022
Tax Planning and Your New Year Budget
With the end of December approaching and the New Year on the horizon, many businesses have been hard at work starting to plan their corporat…
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November 15, 2022
Cost Saving Tips for Your Company's Holiday Party
Jack Frost is nipping at noses and the holiday lights have begun to pop up all over the city. It can only mean one thing… the holiday season…
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October 19, 2022
5 Costly Accounting Mistakes
Love it or hate it, we have more technology at our fingertips than ever before. This means more methods of automation, new tools to keep our…
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September 27, 2022
Successful Q4 Preparation and Planning
If you feel like the time has been passing fast, you’re not alone! We’re already mid way through September, which means we’re waving goodbye…
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August 30, 2022
5 Simple Tax Rebates
No doubt about it, little things can add up to make a big difference when it comes to tax rebates. Half the battle, however, is knowing what…
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July 28, 2022
Choosing a Business Tax Structure
When preparing to launch your business, one of the most important decisions that you’ll have to make is what type of legal and tax structure…
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June 28, 2022
Death of a Taxpayer – What Now?
A note to the reader: We here at Isaac Achal Professional Corporation would like to dedicate this blog to one of our own, Abigail Singh, who…
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May 20, 2022
4 Top Tips for Budget-Friendly Travel
If you’ve been daydreaming about hitting the road or taking off to the nearest beach, trust us, you’re not alone! A vacation can give you th…
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March 29, 2022
6 Deductions to Maximize Your Tax Return
Tax season can be a delicate equilibrium – we love it when we get a return but we’re not as fond of it when we end up owing. Couple that wit…
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February 28, 2022
Income Tax for Trusts & Partnerships
Chances are you’ve heard terms like ‘trusts’ and ‘partnerships’ before – but what do they really mean in relation to your business and filin…
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December 13, 2021
Salaries, and Dividends, and T4’s/T5’s… Oh My!
When it comes to owning and operating a business, deciding how to pay yourself can be a tricky decision to make. If your business is a corpo…
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December 11, 2021
What to Know About Corporate Gifting
Gifts are something thoughtful that show the people around us that we appreciate and value them.…
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October 25, 2021
Getting Your Business Year End Ready
Corporate tax season is just around the corner and for many the prospect can be quite daunting – especially if this is your first time handl…
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December 8, 2020
COVID-19 Emergency Relief Changes
Did you know that according to the Canadian Federation of Independent Business (CFIB), 20 percent of small businesses in Alberta don’t expec…
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July 14, 2020
The Main Differences Between Corporate and Personal Tax Returns
New to the world of corporate tax returns? Not quite sure how they differ from the personal taxes you’ve been filing for years? Our Chesterm…
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July 6, 2020
How to Structure Your Estate Planning to Make it More Tax Efficient
Wondering how you can best structure your estate planning to make it more tax efficient? Here’s a few tips from our Chestermere accountant.…
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June 26, 2020
5 Ways Bookkeeping Can Save Your Company Money | Bookkeeping Chestermere
Wondering how good bookkeeping can help keep your business afloat and save it money over the long run? Our Chestermere accountant breaks dow…
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June 18, 2020
4 Ways to Reduce Your Risk of Being Audited
Worried about being audited by the CRA? Roughly 30,000 Canadians a year receive the dreaded letter in the mail stating they’re about to be a…
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June 10, 2020
Why Payroll Compliance is Critical for Your Business
Unaware of how important payroll compliance is to your business? In addition to keeping your employees happy by paying them on time and the …
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June 3, 2020
Feds Extend Emergency Wage Subsidy Program
The federal government is extending the Canada Emergency Wage Subsidy (CEWS) program until the end of August after it was initially set to e…
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May 31, 2020
CRA COVID-19 Audit and Reassessment Changes | CPA Chestermere
Did you know that the CRA is temporarily changing how it conducts audits and reassessments due to COVID-19? Our Chestermere accountant takes…
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May 23, 2020
What You Need to Know About Canada's COVID-19 Personal Tax Changes
Not up to speed on the changes Canada has made to personal income taxes this year due to the COVID-19 pandemic? Our Chestermere accountant o…
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May 14, 2020
Feds Expand Support for Workers and Small Businesses
Having trouble keeping up with all the changes announced by the federal government when it comes to their COVID-19 economic response plan? O…
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May 5, 2020
Latest Details on Canada's COVID-19 Economic Response Plan
Wondering what the latest details surrounding Canada’s COVID-19 economic response plan are? Our small business accountant Chestermere financ…
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April 21, 2020
3 Ways to Make Your Finances More Recession-Proof
Are you worried about the impact the upcoming coronavirus-related recession will have on your finances? Not sure if you’ll be able to weathe…
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April 20, 2020
3 Ways to Make Your Business More Recession-Proof
Are you worried about your business’ ability to survive the current COVID-19 induced recession? Not sure what you should do to stay afloat i…
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April 13, 2020
Main Benefits of Incorporating Your Business
Have you been wondering if you should incorporate your business? Not sure what the benefits of doing so would be? Our small business account…
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April 7, 2020
Top Two Tax Tips for Canadian Small Business Owners
Are you a Canadian small business owner? Looking for the top two tax tips to help improve your bottom line and avoid overpaying the CRA? Luc…
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March 30, 2020
Support For Canadians During COVID-19
As the fight to stop the spread of COVID-19 ramps up across the country the Canadian government has implemented immediate measures to help t…
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March 28, 2020
ALberta's COVID Response For Businesses
The Government of Alberta has introduced a number of measures aimed at helping businesses in the province weather the economic storm brought…
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March 20, 2020
Canada's COVID-19 Response For Businesses
The past few weeks have been a tumultuous time for business owners. With everything going on due to the current COVID-19 pandemic, the Gover…
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March 18, 2020
Support For Canadians During COVID-19
As the fight to stop the spread of COVID-19 ramps up across the country the Canadian government has implemented immediate measures to help t…
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February 29, 2020
4 Ways to Lower Your Audit Risk
Do you have an audit requirement for your small to medium sized business? Our Calgary tax accountants have vast knowledge and experience in …
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February 24, 2020
4 Bookkeeping Tips For Small Businesses - Bookkeeping Services Calgary
Your small business is growing, but are you still managing your financials and doing your own accounting? Here are some bookkeeping tips for…
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February 17, 2020
5 Benefits of Investing in Payroll Serves
Do you run a small business in Calgary? Here are some of the incredible benefits you’ll receive if you hire a CPA accountant to help with th…
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February 10, 2020
4 Tax Tips For Small Business Owners
When you’re running a small business, every penny counts. Minimizing taxes may be the difference between a profitable company and one that i…
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February 10, 2020
4 Tax Tips For Small Business Owners
When you’re running a small business, every penny counts. Minimizing taxes may be the difference between a profitable company and one that i…
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January 31, 2020
2020 Tax Deadlines to Remember
With tax season coming up, here are the 2020 tax deadlines you need to know about, as well as how our Chestermere tax accountants can help m…
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January 21, 2020
4 Tips For Preparing For Tax Season
While it may not be the most exciting thing in the world, it’s time to start preparing for tax season. If you feel like you’re in the dark w…
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January 15, 2020
Quick Facts on Vehicle Deduction Tax in Canada in 2020
Here are some of the top vehicle deduction tax facts in 2020 that can help you prepare better for tax season and save some dollars.…
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January 8, 2020
2020 Tax Changes Canadians Should Know About
In 2019, Canadians saw a slew of tax changes coming into effect, and it’s no different for 2020. While there may still be time until you hav…
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October 21, 2019
Bookkeeping and Why It Is Important
Corporations are required to maintain bookkeeping or a general ledger of their activity. Depending on the size and volume of activity in you…
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September 17, 2019
Do you own a corporation? Here is what you need to know!
When running a corporation, there are several hats you have to wear and one of the most important departments is finance and accounting. Wit…
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