Accounting-related Canadian Organizations

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CPA Canada

Chartered Professional Accountants of Canada (CPA Canada) is the  national organization established to support a unified Canadian  accounting profession. We represent highly qualified professionals who  demonstrate an ongoing commitment to providing the highest standards of  accounting, ethics and best business practices.  

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CPA Ontario | Chartered Professional Accountants

CPA Ontario protects the public interest by ensuring our members  meet the highest standards of integrity and expertise. We serve and  support 87,000 members and 19,000 students in their qualification and  professional development in a wide range of senior positions in public  accounting, business, finance, government, not-for-profits and academia. 

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Bank of Canada

Find out what the Bank does, who runs the Bank and how it is separate from the political process. Learn about our history and find links to the Bank’s governance documents. 

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Canada Revenue Agency

The Canada Revenue Agency (CRA) administers tax laws for the  Government of Canada and for most provinces and territories, and  administers various social and economic benefit and incentive programs  delivered through the tax system.

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Ontario Ministry of Finance

The Ministry of Finance is a portfolio in the Executive Council of  Ontario commonly known as the cabinet. The Finance Minister is  responsible for managing the fiscal, financial and related regulatory  affairs of the Canadian province of Ontario 

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City of Toronto

Toronto, the capital of the province of Ontario, is a major  Canadian city along Lake Ontario’s northwestern shore. It's a dynamic  metropolis with a core of soaring skyscrapers, all dwarfed by the  iconic, free-standing CN Tower. Toronto also has many green spaces, from  the orderly oval of Queen’s Park to 400-acre High Park and its trails,  sports facilities and zoo 

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CRA Key Dates

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Filling Deadlines

Corporations:

  • due 6 months after taxation year.  

Individuals: 

  • April 30 – for most recent calendar year, or
  • June 15 – if individual (or spouse) carries on a business.

Deceased Individuals due the later of:  

  • 6 months from date of death, or 
  • Normal filing deadline (April 30 or June 15)

Trusts and Estates:

  • within 90 days of its taxation year

Tax Returns Filed Electronically

  • not filed until CRA acknowledges receipt

T4/T5 Filings Due for Corporations  

  •  FEBRUARY 28(29)

Personal Income Tax balances are due 

  • May 1

Individual Benefits Key Dates

Canada Child Tax Benefit and Universal Child Care Benefit payments:     

  • 18th of January and October
  • 20th of February, March, May, June, August, September and November
  • 19 th of April and July
  • 13th of December

Working Income Tax Benefit payments:  

  • 4th of January and October
  • 5th of April and July

GST/HST credit payments:  

  • 4th of January and October
  • 5th of April and July

Installment payments due:  

  • 15th of March
  • 17th of June
  • 16th of September and December
  • 31st of December (farmers and fishers pay once)

RRSP contribution deadline:  

  • March 1

Frequently Asked Questions (FAQ)

Canada Revenue Agency (CRA) Contact

  • Canada   Revenue Agency (CRA) General enquiries: (800) 959-8281      
  • Child Tax Benefit: (800) 387-1193      
  • GST / HST: (800) 959-1953
  • Trillium: (877) 627-6645   

 

The Best Small Business Accounting Software of 2017

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Helpeful Links for New Business (Quoted)

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Social Media for Small Business

Social Media is a broad term used to describe all the different online technology tools that enable people to communicate easily via the Internet through sharing information and resources. Methods used include posts on blogs or forums, sharing of photos, audio clips, videos and links, creating profiles on social networking sites, and posting status updates—usually with a feedback mechanism. Although social media started out as a medium for friends and family to share information, businesses now leverage many of these tools to market their small business.

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How to Make Money Online

Freelance work can be started today with zero up-front investment. If you take the time to move beyond writing – and master a specialized, in-demand skill – you can easily earn 5-figures per month. However, the freelance world is fiercely competitive.

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Marketing Plan

To grow your business, you need a marketing plan as a roadmap you will follow to get unlimited customers and dramatically improve the success of your organization. The right marketing plan identifies everything from who your target customers are, to how you will reach them, and how you will retain your customers so they repeatedly buy from you.

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Privacy Protection and E-Business

In Canada, most businesses must comply with the Personal Information Protection and Electronic Documents Act (PIPEDA) which regulates how you may collect, use and disclose the personal information you gather when conducting business.

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Business Model Canvas

A business model canvas is a strategic management and entrepreneurial tool. It provides the fundamental structure for your business plan and helps you to visualize the core operations of your business.

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Canadian Importing and Exporting

Look at government agencies, regulatory requirements, useful links and training for exporters

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Contact Information for Small Business

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Environmental Responsibility and your Small Business

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Employment Regulations: Hiring

Canada Business Ontario

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Employment programs for people under 30

Also: Start a summer company: students

https://www.ontario.ca/page/start-summer-company-students

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Cennect Legal Pro Bono Clinic

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Entrepreneur Mentoring

City of Toronto

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Canada Small Business Financing Program

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Ontario Tax Credits and Benefits

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Canada Business Network

Resources and information to help Canadians get their businesses going and growing. 

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Start up Here Toronto

Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.

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Digital Main St.

Digital Main Street is supported by key features that assist main  street businesses as they adopt digital tools, technologies and  services.

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Toronto Business Development Centre (TBDC)

TBDC incorporated in 1990 as a not-for-profit agency of the City of  Toronto. It was governed by an independent board of directors with  support from the Province of Ontario’s Ministry of Industry, Trade and  Technology and the City of Toronto Economic Development Corporation  (TEDCO).

TBDC provides a wide range of resources and guidance to new and emerging businesses in Toronto

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Starter Company Plus

The Starter Company Plus program provides an opportunity for eligible  participants to get training, advice and mentoring to help them build a  business. The program also provides an opportunity to apply for a grant  to help start or grow a business. 

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Government Services for Canadian Businesses

Small Business Support

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Governoment of Canada & CRA Free Calculators

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Payroll Deductions Online Calculator

 Use the Payroll Deductions Online Calculator (PDOC) to calculate  federal, provincial (except for Quebec), and territorial payroll  deductions. It will confirm the deductions you include on your official statement of earnings. 

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GST/HST calculator (and rates)

 Use this calculator to find out the amount of tax that applies to sales in Canada. 

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Registered Retirement Savings Plan (RRSP)

An RRSP is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax. 

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Wolters Kluwer Calculators

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Tax Free Savings Account (TFSA) Comparison (Canadian)

 How taxes are applied to an investment can make an incredible  difference. Starting in 2009 all Canadians 18 and older have a new  option to save where all earnings and withdrawals are tax free. While  there are limits to the amount you are able to contribute, you can make  tax free withdrawals at any time for any purpose. This calculator is  designed to help compare a normal taxable investment to a TFSA and a  RRSP.   

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RRIF Payment Calculator (Canadian)

A Registered Retirement Income Fund (RRIF) is a plan designed to provide  Canadians with a constant income flow through retirement. The property  under a RRIF is created from a transfer of funds from an RRSP or another  RRIF. The funds in a RRIF are tax-deferred. Amounts paid out of a RRIF  are taxable on receipt.  

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RRSP Loan Calculator (Canadian)

An RRSP loan can be an excellent way to jump start your retirement  savings.  Use this calculator to see how an RRSP loan could help you in  your retirement savings plan.   

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Tax Free Savings Account (TFSA) Comparison (Canadian)

How taxes are applied to an investment can make an incredible  difference. Starting in 2009 all Canadians 18 and older have a new  option to save where all earnings and withdrawals are tax free. While  there are limits to the amount you are able to contribute, you can make  tax free withdrawals at any time for any purpose. This calculator is  designed to help compare a normal taxable investment to a TFSA and a  RRSP.   

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Rent vs. Buy (Canadian)

Should you rent or should you buy your home? It takes more than looking  at your mortgage payment to answer this question. The first steps in  buying a house are ensuring you can afford to place at least 5% of the  purchase price of the home as a down payment and determining your  budget. This calculator helps you weed through the fees, taxes and  monthly payments to help you make a good financial decision.   

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Other Canadian Financial Calculators

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Other Links

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Accounting Software For Small Business | QuickBooks® Canada

QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small businesses and offer on-premises accounting applications as well as cloud based versions[2] that accept business payments, manage and pay bills, and payroll functions.  

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