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January Canadian Business Due Dates & Three Fabulous Business Resources!

12/30/2025

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Hello!
Happy New Year! Welcome to December 30th 2025! In this Newsletter:
  • What’s due at the end of December?
  • Three Business Hacks and Resources!
  • What due dates are coming up in January?
  • Announcements and Updates
    ​
What’s Due End of December?Here are some end of December due dates that may apply to your business;
  • If your business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. December 31st is the due date for the ​December Corporate Tax Instalment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, November's GST/HST filing and remittance is due on December 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter Sept to Nov would be due Dec 31st. Also, if your Corporate Fiscal Year End is June, your Corporate Tax Return is due 6 months after your Fiscal Year end (December 31st). If your Corporate Year End is October, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due December or January, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.


Three Business Resources and Hacks!
  1. Managing Vacation Pay in Canada: Vacation pay remains one of the more nuanced areas of payroll for Canadian small businesses — especially as federal and provincial standards continue to evolve. From minimum entitlements to how vacationable earnings are defined, staying compliant can be challenging. Check out ​Wagepoint's Blog Post​ that breaks down all the nuances, plus links to each province’s specific vacation pay rules for those wanting additional resources.
  2. End of Period Bookkeeping Comprehensive Checklist: For my Case Study I needed to create a comprehensive Bookkeeping and GST Prep filing checklist. I go through this comprehensive checklist in my video ​here​. It's a great way for Bookkeepers, Office Managers, and Business Owners to check their monthly bookkeeping to make sure mistakes are found and everything is accounted for! You can download this comprehensive checklist ​here​!
  3. Profit on Paper, Broke in Real Life: If revenue is coming in but the bank balance never seems to match the effort, you’re not alone — and it’s usually not a “work harder” problem. ​Tanya Hilts​ of Cloud Business Services created an ​on-demand masterclass​ for business owners who want a practical business cashflow plan built for real life — not spreadsheets. It's currently available for free for a limited time, find out more ​here​!
What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in January?Now’s the time to prep your January Calendar! #BeThatBusiness that is organized! Here are some January due dates that might affect your business. (January 31st is a Saturday in 2026, so any CRA due dates below that fall on January 31st are ​due on the next business day​, Monday February 2nd)
  • New Year's Day is January 1st. Check out the regional regulations on this holiday ​here​.
  • If you have employees, ​January 15th is the due date​ for your payroll source deductions relating to December's payroll, if you are a ​regular remitter​.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In others it is due quarterly but due on the 20th. In Ontario, WSIB is due quarterly, and the Workplace Insurance for the employee earnings from October to December is due on January 31st. (Self-employed in the construction industry? You may need to pay it on your labour even if you have no employees!)
  • If you file your GST/HST on a quarterly basis, and your year ends on Dec 31st, then your ​October to December GST/HST quarter​ is due to be filed and paid at the end of January. Even if you don’t have all the funds, file on time to not waste money on late filing penalties. (Don’t give CRA more money than you have to!!!)
  • If you file your GST/HST annually, but last year your GST/HST was greater than $3,000, then you are required to pay quarterly installments, and the last of these ​GST/HST instalments​ is due to be paid January 31st.
  • If you file your GST/HST monthly, then your ​December GST/HST​ is due on January 31st.
  • If you are in a province that has PST, make a note of what your PST due date is, it may also be quarterly like the GST.
  • If you offer hotel or BnB accommodations, you may be in a jurisdiction that has MAT (Municipal Accommodations Tax), your MAT Tax may be due at the end of January. MAT taxes are sometimes due monthly, sometimes due quarterly.
  • If you business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. January 31st is the due date for the ​January Corporate Tax Instalment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Corporate Fiscal Year End is July, your Corporate Tax Return is due 6 months after your Fiscal Year end (January 31st). If your Corporate Year End is November, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of January or end of February, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Check out ​CRA's Quick Reference Guide​ for more information.


Events and UpdatesThe final chapter of the Grand Gate Gardens Case Study 2025 just dropped, and we are going out with a BANG! 🎉
IT’S DONE! 🥳 The final week of the Grand Gate Gardens Case Study 2025 is officially live, and it is by far the most comprehensive set of resources I have ever released!
I just published 11 new videos covering “June Week 5.” This set is designed to test your skills on the advanced workflows that separate data entry from true bookkeeping management.
What’s inside this massive update? I finally turn on the automation power with Dext, showing you how to streamline document management and data entry. But I don’t stop there…
I also dive deep into: 💳 POS RECONCILIATIONS: Cleaning up the clearing accounts for Moneris and Square. 📉 BAD DEBT: How to properly write it off in Intuit QuickBooks Online QBO. (Hint: it involves Line 107!) ✅ MONTH END CHECKS: A comprehensive checklist to check the bookkeeping file (whether you are checking your own work or someone else’s!) 🍁 GST/HST PREPARATION & FILING: A full walkthrough of the process, including what reports to download, how to find miscoded transactions, and how to file online with CRA! …And so much more!
This case study has been a labor of love 💌, simulating a real Canadian business in real-time. If you’ve been following along, this is the graduation week! 🎓
FABULOUS FIRST FRIDAYS @FIVE!: Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting this week! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding starting and running a business in Canada! (and all things related such as bookkeeping and software and apps!). It's a free group event where anyone can drop by to say hi and ask a question! Next one up is on January 2nd! Click ​here ​to register!
Be Intentional Today! Get out there, and Be That Business That Thrives!
​Naomi Wilkins
I Love Making Bookkeeping Make Sense

​Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While I have tried to ensure the accuracy of the information in this newsletter, I accept no liability for errors or omissions.

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Be That Business Newsletter November 28th 2025: December Canadian Business Due Dates & Three Fabulous Business Resources!

11/28/2025

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Hello!
Welcome to November 28th 2025! In this Newsletter:
  • What’s due at the end of November?
  • My Three Favorite Resources for November!
  • What due dates are coming up in December?
  • Events and Updates!

What’s Due End of November?

Here are some end of November due dates that may apply to your business; (Note that November 30th falls on a Sunday this year, so these November 30th Deadlines are actually due Monday December 1st)
  • If you business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. November 30th is the due date for the ​November Corporate Tax Installment​.​ ​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, October's GST/HST filing and remittance is due on November 30th. Also, if your Corporate Fiscal Year End is May, your Corporate Tax Return is due 6 months after your Fiscal Year end (November 30th). If your Corporate Year End is September, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of November or end of December, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.

My Three Favorite Resources for November!

  1. Free WSIB Webinar for Employers: (Ontario Specific, but, check your province's Small Business Support Center to see if they have something similar in your jurisdiction!). In Ontario, we have "​The Office of the Employer Advisor​" which is not WSIB, but, an independent agency of the Ministry of Labour. They provide expert legal advice on workplace safety and insurance claims to any size employer, and at no fee, as the OEA is funded through the premiums paid to the WSIB. They also offer a wealth of other free resources, including Webinars! On December 4th, they are offering a free webinar "​Introduction to Workplace Safety and Insurance - Employer Accounts​" which is an introductory level presentation directed to Schedule 1 employers who recently registered with the WSIB or who are unsure if they must do so.

  2. ​Schooley Mitchell ​: Schooley Mitchell, The Cost Reduction Experts, provide a risk-free analysis of your business’s expenses across several cost categories to ensure your business is receiving the best business services at the best price. Using industry-leading pricing databases and long-standing provider relationships, they identify savings opportunities, billing errors, and redundancies - and if no savings are found, the service is completely free! Areas reviewed include Telecom, Payment Processing, Shipping, Supplies, Waste Disposal, and more! I didn’t even know this type of service existed until I met them at the AccountEx Conference this past month! I had a great time chatting with Neil and Peter from Schooley Mitchell. Feel free to reach out to them directly if you’re interested in learning more at ​[email protected]​ and ​[email protected]​.

  3. 2025 Year End Tax Planning: There are certain things that should happen before Dec 31st to take advantage of proactive tax planning strategies for your business. I put out a blog post "​What to do before Dec 31st for your business​" that lists out three main considerations. For a deeper dive, MNP has an excellent Blog Post "​2025 Year End Tax Considerations​" that does an excellent job listing out Business Considerations, Personal Considerations, and recent and upcoming changes to consider. Now is the time to act on your year end tax planning, as for many of these things, January will be too late to act!

What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in December?

Now’s the time to prep your December Calendar! #BeThatBusiness that is organized! Here are some December due dates that might affect your business:
​
  • If you have employees, December 15th is the due date for your payroll source deductions relating to November's payroll if you are a ​regular remitter​.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. ​
  • If you owed greater than $3k in personal income tax for two years in a row, then you are required to ​pay quarterly installments for next year​. They don't match the business quarterly schedule though. December 15th is the next personal income tax installment due date.
  • If you business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. December 31st is the due date for the ​December Corporate Tax Installment​. ​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, November's GST/HST filing and remittance is due on December 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter Sept to Nov would be due Dec 31st. Also, if your Corporate Fiscal Year End is June, your Corporate Tax Return is due 6 months after your Fiscal Year end date (December). If your Corporate Year End is October, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of December or end of January, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Check out ​CRA's Quick Reference Guide​ for more information.

Events & Updates:Grand Gate Gardens Case Study June Week 5 is coming out soon! The documents are done, the videos are recorded, and editing is being finalized! The June Week 5 Video Series for the Grand Gate Gardens Case Study is scheduled to be published in the first week of December, and this one is going to be EPIC! For the final week of my LIVE ACTION BOOKKEEPING case study, I set up and connect ​Dext​, the popular and widely used digital document management software that is used not only to store the business's source documents, but can be used to enter the business's bookkeeping entries DIRECTLY from the source documents! AND attach the document to the entry in QBO! (It connects to other cloud bookkeeping softwares too, such as Xero, Sage, and Zoho Books!). But June week 5 is not just about Dext... this final week covers SO MUCH, such as bad debt entries in QBO, reconciling the POS Clearing Accounts for Moneris and Square, preparing and filing the GST/HST, and much more! All of the prior weeks have been leading up to this final chapter in the Grand Gate Gardens Case Study. It took a lot of work, and I am so proud of the final result! ​Subscribe to my channel​ to make sure you don't miss out on the jam packed final instalment of the Grand Gate Gardens Case Study 2025!
​


FABULOUS FIRST FRIDAYS @FIVE!: Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting this week! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding starting and running a business in Canada! (and all things related such as bookkeeping and software and apps!). It's a free group event where anyone can drop by to say hi and ask a question! Next one up is on December 5th! Click ​here ​to register!
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Be That Business Newsletter October 30th, 2025: October Canadian Business Due Dates & Three Fabulous Business Resources!

10/30/2025

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Hello!
Welcome to October 30th 2025! In this Newsletter:
  • What’s due at the end of October?
  • My Three Favorite Resources for October!
  • What due dates are coming up in November?
  • Events and Updates!


What’s Due End of October?Here are some end of October due dates that may apply to your business;
  • If your GST/HST is quarterly, and falls on the standard quarters, then the third quarter (July to Sept), is ​due to be filed and paid​ on or before October 31st. If you are an annual filer, then your ​GST/HST Instalment​ is due on October 31st.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). The filing and remitting of WSIB/WCB is different from province to province. Some provinces are due monthly on the 15th. In Ontario ​WSIB ​is on a quarterly schedule, and the premium for the earnings paid to employees July to September are due to be filed and remitted on or before October 31st.
  • Is your business subject to any other quarterly remittances that are industry specific, such as Municipal Accommodations Tax? These may be due for the July to Sept Quarter. ​
  • If you are incorporated, and you owed greater than $3k in corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. October 31st is the due date for the ​October Corporate Tax Instalment​. ​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, September's GST/HST filing and remittance is due on October 31st. Also, if your Corporate Fiscal Year End is April, your Corporate Tax Return is due 6 months after your Fiscal Year end (October 31st). If your Corporate Year End is August, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of October or end of November, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.
My Three Favorite Resources for November!
  1. ​Business Benefits Finder​: This free, interactive tool from the Government of Canada provides a customized list of federal, provincial, and territorial programs and services (like grants, loans, tax credits, and mentorship) by answering a few simple questions about your business type, size, and goals.
  2. ​Continuous improvement: Build a culture that drives efficiency and results​: This BDC article shows how to implement continuous improvement effectively, including 4 commonly used methodologies, a 4‑step plan to get started, and examples of quick‑win projects.
  3. ​Email Marketing for Small Businesses: Developing A Successful Email Marketing Strategy​: Digital Mainstreet has ongoing free events to bulk up and improve your business's online presence. The next free webinar is on email marking and is on November 5th. This Webinar will cover how to create segmented audiences, how to write compelling subject lines, how to create a strong email body, how to utilize automations, various platforms that can assist in email marketing, and more!


What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in November?Now’s the time to prep your November Calendar! #BeThatBusiness that is organized! Here are some November due dates that might affect your business:
  • Remembrance Day in Canada is observed November 11th. It is recognized as a statutory holiday in most provinces and territories except for Ontario, Nova Scotia, and Quebec. In Manitoba it is not considered a general holiday, but there are restrictions and special requirements. Every jurisdiction has specific regulations. Find specifics about your province ​here​.
  • If you have employees, November 15th is the due date for your payroll source deductions relating to October's payroll if you are a ​regular remitter​. (Nov 15th falls on a Saturday this year, so the due date is moved to ​Monday Nov 17th​)
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. (In Ontario WSIB is due quarterly, and the premiums on earnings from Oct to Dec are due January 31st)
  • If you business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. November 30th is the due date for the ​November Corporate Tax Installment​. (Nov 30th falls on a Sunday this year, so the due date is moved to ​Monday Dec 1st​)​ ​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, October's GST/HST filing and remittance is due on November 30th. Also, if your Corporate Fiscal Year End is May, your Corporate Tax Return is due 6 months after your Fiscal Year end (November 30th). If your Corporate Year End is September, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of November or end of December, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Check out ​CRA's Quick Reference Guide​ for more information.
Events & Updates:Grand Gate Gardens Case Study June Week 2 is now OUT!: June week 2 in the Grand Gate Gardens Case Study Live action bookkeeping is now out on YouTube! June will be the last month of the 2025 GGG Case Study, and so it is CHOC FULL of great examples of things that can happen in REAL LIFE bookkeeping that we don't usually see in the classroom! Don't know what this LIVE ACTION BOOKKEEPING Case Study is all about? Find out all about it, and the available documents for download on my website at ​naomiwilkins.ca/about-the-ggg-case-study.html

FABULOUS FIRST FRIDAYS @FIVE!: Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding starting and running a business in Canada! (and all things related such as bookkeeping and software and apps!). It's a free group event where anyone can drop by to say hi and ask a question! Next one up to bat is November 7th! Click ​here​ to register!

Accountex Canada​ Is happening next week, and I'll be attending and networking with fellow accounting and bookkeeping colleagues! If you're heading there too, message me on ​LinkedIn​, and let's connect!

Be Intentional Today!
Get out there, and Be That Business That Thrives!

Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While I have tried to ensure the accuracy of the information in this newsletter, I accept no liability for errors or omissions.
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August 31st, 2025

8/31/2025

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Hello!
Welcome to August 31st 2025! In this Newsletter:
  • What’s due at the end of August?
  • My Three Favorite Resources for September!
  • What due dates are coming up in September?

What’s Due End of August?Note that Aug 31st falls on a Sunday this year, and Labour Day is Monday Sept 1st. When this happens, the CRA Deadline falls to the ​next business day​, in this case, September 2nd for all Aug 31st noted deadlines below.
  • If you are incorporated, and you owed greater than $3k in corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. August 31st is the due date for the ​August Corporate Tax Instalment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, July's GST/HST filing and remittance is due on August 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter May to July would be due Aug 31st. Also, if your Corporate Fiscal Year End is February, your Corporate Tax Return is due 6 months after your Fiscal Year end (August 31st). If your Corporate Year End is June, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of August or end of September, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.
My Three Favorite Resources for September!
  1. Pay Strategies for Canadian Business Owners: When to incorporate? After incorporation, what should the shareholder's compensation plan be? Avalon Accounting put together a great article on real life scenarios of Canadian Business owners! Check it out ​here​!
  2. CRA Penalty Calculator: How much would you owe for 2023's tax year if you filed and paid May 5th 2025, had self employment income, and had tax payable of $5k? I plugged in those numbers to this ​Canadian Personal Tax Penalty Calculator​ from Copilot Tax, and the total penalties and interest came to $1,278! On only $5k payable!!! Did you expect closing one's eyes to getting one's taxes done to cost so much!? Try playing around with some bigger numbers! Use this information to burn that fire under you, or to warm your marshmallows on as a reward for staying on top of your business bookkeeping. It may feel unrewarding to stay on top of your taxes, but I've seen the other side, and you deserve a pat on the back! Many pay the literal price for not making it a priority! #DontGiveCRAMoreMoneyThanYouHaveTo
  3. Labour Day Legislation Explained: Labour Day in Canada is observed on the first Monday of September and is recognized as a statutory holiday in every province and territory. In ​this guide​ from PayTrak, you’ll find a summary of Labour Day requirements for each Canadian jurisdiction.

What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!
What due dates are coming in September?Now’s the time to prep your September Calendar! #BeThatBusiness that is organized! Here are some September due dates that might affect your business:
  • If you have employees, September 15th is the due date for your payroll source deductions relating to August's payroll if you are a ​regular remitter​.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, WSIB is due quarterly, and the premiums on earnings from July to Sept are due on Oct 31st.
  • If you owed greater than $3k in personal income tax for two years in a row, then you are required to ​pay quarterly installments for next year​. They don't match the business quarterly schedule though. September 15th is the next personal income tax installment due date.
  • If you are incorporated, and you owed greater than $3k in corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. September 30th is the due date for the ​September Corporate Tax Installment​.​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, August's GST/HST filing and remittance is due on September 30th. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter June to August would be due September 30th. Also, if your Corporate Fiscal Year End is March, your Corporate Tax Return is due 6 months after your Fiscal Year end (September 30th). If your Corporate Year End is July, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of September or end of October, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Check out CRA's "​Quick Reference Guide​" for more information.

Be Intentional Today!
Get out there, and Be That Business That Thrives!

​Naomi Wilkins
​I Love Making Bookkeeping Make Sense

​

Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While I have tried to ensure the accuracy of the information in this newsletter, I accept no liability for errors or omissions
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Be That Business Newsletter July 30th 2025: August Canadian Business Due Dates & Three Fabulous Business Resources!

7/30/2025

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Welcome to July 30th 2025! In this Newsletter:
  • What’s due at the end of July?
  • My Three Favorite Resources for July!
  • What due dates are coming up in August?
  • Updates: FFF Zooms and the GGG Case Study

What’s Due End of July?

Q2 ended June 30th! (The second calendar quarter of 2025; April May & June). So end of July is one of the busy ones! Here are some end of July due dates that may apply to your business;
  • If you file your GST/HST Quarterly, the standard quarter of April to June is due to be filed and paid on or before ​July 31st.​
  • If your GST/HST is annual, and is based on the standard Calendar Year, and also was payable by more than $3k the previous year you filed, then you are required to pay a second ​GST/HST instalment​ towards your 2024 GST/HST Return on or before July 31st. This instalment should be either 25% of what your net GST/HST was from your previous filing, or 25% of what you predict it will be if you predict it to be less then the year before.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, WSIB is due quarterly, and the premiums on earnings from April 1st to June 30th are due on ​July 31st​.
  • If you are incorporated, and you owed corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. July 31st is the due date for the ​July Corporate Tax Installment​.
  • April to June is the second quarter (Q2) of the calendar year. There may be some industry/jurisdiction specific items due to be filed and paid. Municipal Accommodations Tax (MAT Tax) is a tax that hotels and B&B's in certain jurisdictions may need to pay on July 31st regarding their Q2 incomes, for example. Do you have industry specific due dates that you need to pay, or would like included on this newsletter moving forward? Just let me know!
  • Though there are no other standard items due at the end of this month, be aware that if your Corporate Fiscal Year End is January, your Corporate Tax Return is due 6 months after your Fiscal Year end (July 31st). If your Corporate Year End is May, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of July or end of August, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.


My Three Favorite Resources for July!
  1. The Canadian August Long Weekend Explained: When it comes to Stat Holidays, some are Provincial, Some are Federal, and some can just be confusing. The August Long weekend/Civic Holiday is a Provincial holiday that varies from Province to Province. Paytrak put out this ​useful blog post​ that breaks down the legislation and treatment of this holiday from province to province.
  2. Rural Ontario Development (ROD) Program: The ROD Program in Ontario provides cost-share funding for projects that help rural communities. There is a branch for Community Development (Municipalities, Indigenous communities, local services boards and NFPs) and also Business Development (Small brick and mortar businesses in rural Ontario with 1 to 20 employees can apply through the business development stream. This stream offers up to 35% cost-share, to a maximum of $10,000.) ​This page​ lists criteria, information sessions, booking 1on1 coaching sessions, and much more! (Have you heard of similar provincial programs in your province? Let me know so I can share them in an upcoming newsletter!)
  3. Telus #StandWithOwners Small Business Contest: As I was trying to find if other provinces have rural grants and initiatives, I came across Telus's Small Business Contest. Not just for rural businesses, SMBs in Canada can apply for a chance to win $200,000 in funding, technology, and exposure. Find out more ​here​.


What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in August?

Note that Aug 31st falls on a Sunday this year, and Labour Day is September 1st. When this happens, the CRA Deadline falls to the ​next business day​, in this case, September 2nd for all Aug 31st noted deadlines below.
Now’s the time to prep your August Calendar! #BeThatBusiness that is organized! Here are some August due dates that might affect your business:
  • If you have employees, August 15th is the due date for your payroll source deductions relating to July's payroll if you are a ​regular remitter​.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, WSIB is due quarterly, and the premiums on earnings from July 1st to Sept 30th are due on Oct 31st.
  • If you are incorporated, and you owed greater than $3k in corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. August 31st is the due date for the ​August Corporate Tax Installment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, July's GST/HST filing and remittance is due on August 31st. Also, if your Corporate Fiscal Year End is February, your Corporate Tax Return is due 6 months after your Fiscal Year end (August 31st). If your Corporate Year End is June, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of August or end of September, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation.

This list is not exhaustive, but, they are some of the more universal due dates that could apply to you and your business. If your fiscal year end is not December 31st, be sure to note what due dates are specific to your schedule that are not universal to the generic year ends. CRA has a reference for business due dates ​here​.

Updates:

FABULOUS FIRST FRIDAYS @FIVE!: Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding all things bookkeeping and business in Canada. It's a free group event where anyone can drop by to say hi and ask a question! Click ​here​ to register! Next one is Friday August 1st,.

GRAND GATE GARDENS LIVE ACTION BOOKKEEPING CASE STUDY!: I'm finalizing my June 2025 source documents for the ​Grand Gate Gardens YouTube Live Action Bookkeeping​ series. June is a BIG HITTER! It's going to cover:
  • Asset purchases and loan schedules
  • Capital Leases vs Operating Leases
  • Employee Reimbursements and Advances in QBO
  • Gift Cards vs Discounts Vs Coupons
  • Contra Payments (When a vendor is also a customer!)
  • Utility Bill Overpayments on Account
  • Confirming Vendor Statements
  • POS reconciliations
  • GST/HST Simplified Regime
  • Filing GST/HST in QBO with carry forwards and exceptions
Over Ambitious? Maybe! But even though future source documents (after June) are going to cover all sorts of unique and challenging situations not yet covered, I really did want the full first quarter (Apr to Jun) for this GGG Case Study to cover most of what new and learning bookkeepers will come across so that they can feel more confident when they approach new files!

What's Next?: After I've finalized June 2025 GGG Case Study on YouTube, I will be offering tailored Case Study Solutions for Bookkeeping and Accounting Firms that can be used to illustrate, practice, test, and reinforce their own firm's Unique SOPs for the squishy situations, such as auto expenses, meals expense, capital leases, loans and asset purchases, owner expenses, progress payments, and many other situations that I have seen treated differently across various bookkeeping and accounting firms. Does this interest you? Reach out to me to be added to the top of the list for this unique and helpful solution for your firm!

Be Intentional Today!
Get out there, and Be That Business That Thrives!
​
Naomi Wilkins
​I Love Making Bookkeeping Make Sense

Thanks for reading! If you loved it, subscribe to my Newsletter!.

Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While I have tried to ensure the accuracy of the information in this newsletter, I accept no liability for errors or omissions

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Be That Business Newsletter June 17th 2025: July Canadian Business Due Dates & Three Fabulous Business Resources!

6/27/2025

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Hello!
Welcome to June 27th 2025! In this Newsletter:
  • Announcement! I was a guest on a Podcast!
  • What’s due at the end of June?
  • My Three Favorite Resources for July!
  • What due dates are coming up in July?
  • Updates: FFF Zooms & Live Action Bookkeeping!

Announcement: I was a guest on a Podcast!
My guest appearance on the FABULOUS "​Love, your Business Mom​" Podcast with the equally FABULOUS creator ​Anna Bullock​ This was so much fun! We had such a great conversation!
Summary: Break things into smaller parts, make a plan, those who love you have your back, and transparency is always the best choice! (With a side of Tech Tool suggestions, Accountant vs Bookkeeper, and my Mom Nag reminder to keep your business accounts clean! 😉)

What’s Due End of June?
These are due next business day from the date this newsletter goes out:
  • The ​Corporate Tax Return (the T2)​, is due six months after the fiscal year end. If your fiscal year end is the calendar Dec 31st, then the corporations' tax return is due June 30th.
  • If your business is involved in construction activities and makes payments to subcontractors for construction services, you will need to file ​T5018s, "Statement of Contract Payments"​ for each of your contractors each year. You can report the payments on a calendar year basis, or based on your fiscal year end. These are due six months after the reporting period you have chosen. If that period ends Dec 31st, then the 2024 T5018's would be due June 30th 2025.
  • If you are incorporated, and you owed corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. June 30th is the due date for the ​June Corporate Tax Instalment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, May's GST/HST filing and remittance is due on June 30th If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter March to May would be due June 30th. Also, if your Corporate Fiscal Year End is December, your Corporate Tax Return is due 6 months after your Fiscal Year end (June 30th). If your Corporate Year End is April, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due June or July, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.

My Three Favorite Resources for July!
Now onto my three favorite resources for July!
  1. Mid-Year Financial Review: We are halfway through the year, and it is time for you to do a mid-year review of your business. Kata Accounting Solutions has an excellent ​blogpost​ by ​Jonathan Carter, CPA, CMA, CPB​ that covers the key areas to focus on for a strong second half of the year. As the blogpost notes, "Proactive Planning Pays off!". As Jonathan notes, "You need to take care of your money (or someone else will take it!)"
  2. Free CRA Liaison Service!: Have you ever wanted to just sit down with someone at CRA and have them answer all your business questions? WELL YOU CAN! The CRA offers a ​free Liaison Officer service​ to help small business owners and self-employed individuals! It's one-on-one and 100% confidential. During a meeting, they will:
    • Help you better understand possible business deductions
    • Explain general bookkeeping concepts and best practices, and provide recommendations to strengthen your bookkeeping system
    • Explain how to avoid common tax errors
    • Give you an overview of helpful online tools and electronic services offered by the CRA
    • Answer your tax-related questions and address concerns
    • Show you how to use the Financial Performance Data to compare your business revenues and expenses with others in the same industry
    Did you catch this this was free?!
  3. Custom Soundscapes to focus: As I write this newsletter, I have Binaural Music playing in the background, part of my "Focus Block" routine, and an audio trigger to help me focus. One of the most amazing customizable soundscapes I've had the fortune of finding is ​MyNoise.net​. MyNoise is the brainchild of Stéphane Pigeon, a passionate sound engineer and audio enthusiast with a background in signal processing and a Ph.D. in applied sciences. Not only is this website useful, it's also incredibly fun! You can turn different aspects of each soundscape up and down! Just out in June is the "​Glacier Chorus​" soundscape! In the fall of 2024, Stéphane recorded underwater sounds in a glacier lagoon in Iceland, revealing a vibrant world of sound beneath the seemingly calm surface. The recordings capture the glacier's own voice as it melts, with ice cracking, groaning, and releasing tiny air bubbles that pop and fizz underwater. Also one of my recent favorites is "​Uganda Tales​" which includes gentle tunes of the Ugandan harp and the soft murmur of voices in the Bagandan language, sharing stories and traditions of the region. This site is simply amazing.

What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!

What due dates are coming up in July?
Now’s the time to prep your July Calendar! #BeThatBusiness that is organized! Here are some July due dates that might affect your business:
  • If your business has employees, and is a ​Regular Remitter​, July 15th is the due date for ​your payroll source deductions​ relating to June's payroll.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, WSIB is due quarterly, and the premiums on earnings from April 1st to June 30th are due on July 31st.
  • If you file your GST/HST Quarterly, the standard quarter of April to June is due to be filed and paid on or before ​July 31st.​
  • If your GST/HST is annual, and is based on the standard Calendar Year, and also was payable by more than $3k the previous year you filed, then you are required to pay a second ​GST/HST instalment​ towards your 2024 GST/HST Return on or before July 31st. This installment should be either 25% of what your net GST/HST was from your previous filing, or 25% of what you predict it will be if you predict it to be less then the year before.
  • If you are incorporated, and you owed corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. July 31st is the due date for the ​July Corporate Tax Instalment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, June's GST/HST filing and remittance is due on July 31st. Also, if your Corporate Fiscal Year End is January, your Corporate Tax Return is due 6 months after your Fiscal Year end (end of July). If your Corporate Year End is May, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of July or end of August, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.

This list is not exhaustive, but, they are some of the more universal due dates that could apply to you and your business. If your fiscal year end is not December 31st, be sure to note what due dates are specific to your schedule that are not universal to the generic year ends.

Updates:

"LIVE" ACTION BOOKKEEPING May 2025 now out!: My goal of a weekly video for April, May, and June 2025 has had a few curveballs, but as my son would say when he was 7: "Better Nate than Lever!" (Who knows that joke?!). May 2025 Week 4 is finally out, and is JAM PACKED with bookkeeping goodness! We look at Square and Moneris deposits (POS and payment gateway deposits) and how to reconcile them! We also look at why I don't like the "Match" (formerly "Find Match" option) in the bank feed, and how to find and solve a cheque that clears the bank with a typo. We also look at how Vacation Pay is calculated in Ontario, and how to confirm vendor statements match what is entered into the bookkeeping, and so much more! The June videos are on their way! But not as "live" as I had hoped! (They'll be out in July!) Before they are finalized, I get to go to Vancouver BC! I have some amazing friends to connect spend time with in one of the most beautiful spots in Canada, and I can't wait! 

FABULOUS FIRST FRIDAYS @FIVE!:
Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding all things bookkeeping and business in Canada. It's a free group event where anyone can drop by to say hi and ask a question! Click ​here to register! Next one is Friday July 4th, (The day I get back from BC!!)


Be Intentional Today!
Get out there, and Be That Business That Thrives!

​Naomi Wilkins
​I Love Making Bookkeeping Make Sense

Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While I have tried to ensure the accuracy of the information in this newsletter, I accept no liability for errors or omissions
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Be That Business Newsletter May 30th 2025: Prep your May Business Calendar! Plus 3 Fabulous Business Resources!

6/22/2025

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Hello!
Welcome to May 30th 2025! In this Newsletter:
  • What’s due at the end of May?
  • My Three Favorite Resources for June!
  • What due dates are coming up in June?

What’s Due End of May?
  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then the business is required to pay installments for next year on the last day of every month. May 31st is the due date for the ​May Corporate Tax Instalment​. (Monday June 2nd in 2025, as the 31st falls on a ​Saturday​)


  • ​Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, April's GST/HST filing and remittance is due on May 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter February to April would be due May 31st. Also, if your Corporate Fiscal Year End is November, your Corporate Tax Return is due 6 months after your Fiscal Year end (in May). If your Corporate Year End is March, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of May or end of June, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.


My Three Favorite Resources for June!
  1. CRA's Quick Reference on Business Deadlines - Businesses have different filing and payment deadlines – in May, CRA put out a​ quick reference​ to help you stay organized!


  2. Tax Debt Options with CRA - CRA also put out in May a "Tax Tips" post on how you can ​work with CRA to resolve your debt​. This is applicable for both personal and business taxes. If you don't pay or call to discuss your situation, the CRA can take steps to recover the amount you owe, so talking with them is always the best option.


  3. Accounting Processes and Workflows: Financial Cents has come out with a free course by the legendary Work Flow Queen ​Kellie Parks​ "​Setting Up Accounting Processes and Workflows​". Written for the bookkeeping firm audience, it has practical suggestions and workflows that can be applied to many situations from office managers to new bookkeeping service providers.


What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!

What due dates are coming up in June?
Now’s the time to prep your June Calendar! #BeThatBusiness that is organized! Here are some June due dates that might affect your business: (Note, June 15th falls on a Sunday. So any ​CRA June 15th due date is actually June 16th in 2025​)
  • If your business has employees, and is a ​Regular Remitter​, June 15th is the due date for your ​payroll source deductions​ relating to May's payroll. (In 2025, June 15th is a Sunday, so technically due June 16th this year). ​


  • If your business has employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. (In Ontario, WSIB is due quarterly, and the premiums on earnings from April to June are due on July 31st)


  • Even though the ​payment deadline​ for your personal income taxes was April 30th, if you are self-employed, your​ personal income tax return​ is due to be filed June 15th. (In 2025, June 15th is a Sunday, so technically due June 16th this year).


  • If your ​GST/HST Filing is annual​, and based on the Calendar Year January to December, AND you are a self-employed, then your due date to file your HST is June 15th. BUT! Your due date to PAY was April 30th


  • If you were ​payable by $3,000 or more​ on your personal income taxes for 2023 and also for 2024, CRA requires that you pay installments on your 2025 income taxes. If you fall into this category, June 15th your second ​personal income tax installment​ is due. ​


  • The ​Corporate Tax Return (the T2)​, is due six months after the fiscal year end. If your fiscal year end is the calendar Dec 31st, then the corporations' tax return is due June 30th. But these take time to prepare. If you haven't reached out to your accountant yet, then make this a priority right away.


  • If your business is involved in construction activities and makes payments to subcontractors for construction services, you will need to file ​T5018s, "Statement of Contract Payments"​ for each of your contractors each year. You can report the payments on a calendar year basis, or based on your fiscal year end. These are due six months after the reporting period you have chosen, either your fiscal year end, or the calendar year end. If that period ends Dec 31st, then the 2024 T5018's would be due June 30th 2025.


  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then you are required to pay installments for next year on the last day of every month. June 30th is the due date for the ​June Corporate Tax Installment​.


  • ​Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, May's GST/HST filing and remittance is due on June 30th. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter March to May would be due June 30th. Also, if your Corporate Fiscal Year End is December, your Corporate Tax Return is due 6 months after your Fiscal Year end (June 30th). If your Corporate Year End is April, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of June or end of July, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.



Be Intentional Today!
Get out there, and Be That Business That Thrives!

​Naomi Wilkins
​Making Business Make Sense
​www.naomiwilkins.ca
​Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While we have tried to ensure the accuracy of the information in this article, we accept no liability for errors or omissions.
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Be That Business Newsletter April 29th 2025: Prep your May Business Calendar! Plus 3 Fabulous Business Resources!

4/24/2025

0 Comments

 
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Hello!
Welcome to April 29th 2025! In this Newsletter:
  • Announcement! Live Action Bookkeeping!
  • What’s due at the end of April?
  • My Three Favorite Resources for May!
  • What due dates are coming up in May?
  • Updates: Fabulous First Friday's Zooms are still available!

Announcing my Live Action Bookkeeping Case Study!I'm Super Excited about my new project that I've just started! I call it... LIVE ACTION BOOKKEEPING! I'm posting real time bookkeeping for a Case Study on YouTube! Each week I share downloadable mocked up documents following a fictious Canadian Business that people can use to learn, practice, and test with. Then I record the actual bookkeeping while answering common questions, solving common problems, and testing different bookkeeping and business apps. April 2025 Documents and Videos are now up and available! Find out more ​here​!
Now when people ask what I do for a living, I'm going to proudly say... "I'm a live action bookkeeper!" 😆

What’s Due End of April?April 30th is a big due date for many Canadians! Here's some important ones for you to be aware of:​
  • If your GST/HST is quarterly, and falls on the standard quarters, then the 1st quarter (Jan to Mar), is ​due to be filed and paid​ on or before April 30th
  • If your ​GST/HST Filing is annual​, and based on the Calendar Year January to December, AND you are a self-employed, then your due date to file your HST is June 15th. BUT! Your due date to PAY is April 30th. ​
  • If your GST/HST is annual, and is based on the standard Calendar Year, and also was payable by more than $3k the previous year you filed, then you are required to pay a ​GST/HST instalment​ towards your 2024 GST/HST Return on or before April 30th. This installment should be either 25% of what your net GST/HST was from your previous filing, or 25% of what you predict it will be if you predict it to be less then the year before.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, ​WSIB is due quarterly for Insurable Earnings over $20k​, and the premiums on earnings from Jan 1st to March 31st are due on April 30th.​ ​
  • For those who are not self-employed (or are not a spouse of someone self-employed), their ​Personal Income Tax Return​ is due on or before April 30th. April 30th is also their due date to pay any income tax owing. ​
  • For those who ARE self-employed (or are the spouse of someone self-employed), though their Personal Income Tax Return is not due until June 15th,​ your due date to pay any income tax owing is STILL April 30th!​ Even if your income tax is not finalized, find out an estimate of what the taxes may be, and be sure to pay that to CRA as an installment on 2024's tax account before April 30th. ​
  • UHT; Underused Housing Tax Return: If you own or have an interest in a residential property in Canada with 3 or less units you may need to file an ​Underused Housing Tax return​ by April 30th 2025.Find out more details about the UHT Return from my ​Oct 2023 newsletter​. ​
  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then you are required to pay installments for next year on the last day of every month. April 30th is the due date for the ​April Corporate Tax Instalment​.​ ​
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, March's GST/HST filing and remittance is due on April 30th. Also, if your Corporate Fiscal Year End is October, your Corporate Tax Return is due 6 months after your Fiscal Year end (in April). If your Corporate Year End is February, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due in April or in May, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.
My Three Favorite Resources May!Here are three fabulous resources to help your business thrive this May!
  1. Businesses, are you ready for your CRA mail to go online?: Starting in spring 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through the CRA’s secure online portal, My Business Account, instead of by mail. The correspondence will not come by email, rather, an email will be sent directing you to log on to your "My Business Account" to read the correspondence. Check out ​​CRA's tips​​ on who this affects, how to make sure you have access, and even how to request being put back on to paper mail.
  2. In Ontario? These Ministry of Labour Webinars are GOLD!: ICY didn't know... Ontario's Ministry of Labour does excellent webinars! If you are an employer looking for insights and clarity about the ESA, Public Holidays, or Vacation Pay, these free webinars are an excellent investment of time! They include a live Q&A section at the end where you can ask your questions! The upcoming May Webinars can be found at the bottom of ​this page​. If you're in a different province, take a quick peek to see if your Ministry of Labour offers webinars too!
  3. Selling the Assets of a Corporation and Exit Planning: "Failing to have a succession plan results in paying more tax than necessary and adding undue burdens of stress on your executor and inheritors. If you don’t plan well, your family may be left with little or nothing to show after your lifetime of hard work" writes Jonathan Carter, in Kata Accounting's recent ​blog post​. If you haven't yet considered what the long goal is for your corporation and what your exit plan may be, this is an important post to read to help you think ahead for your family and loved ones.
What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in May?Now’s the time to prep your May Calendar! #BeThatBusiness that is organized! Here are some May due dates that might affect your business:
  • If your business has employees and is a ​regular remitter​, May 15th is the due date for your payroll source deductions relating to April's payroll.
  • If your business has employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. (In Ontario, WSIB is due quarterly, and the premiums on earnings from April to June are due on July 31st)
  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then the business is required to pay installments for next year on the last day of every month. May 31st is the due date for the ​May Corporate Tax Instalment​. (Monday June 2nd in 2025, as the 31st falls on a ​Saturday​)
  • ​Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, April's GST/HST filing and remittance is due on May 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter February to April would be due May 31st. Also, if your Corporate Fiscal Year End is November, your Corporate Tax Return is due 6 months after your Fiscal Year end (May 31st). If your Corporate Year End is March, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of May or end of June, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.


Updates:FABULOUS FIRST FRIDAYS @FIVE!: Looking to connect? Join my live FABULOUS FIRST FRIDAYS @FIVE open Zoom Meeting! My Monthly Open AMA Zoom Chat Session where we can connect and discuss questions regarding starting and running a business in Canada! (and all things related such as bookkeeping and software and apps!). It's a free group event where anyone can drop by to say hi and ask a question! Click ​here ​to register!
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Be That Business Newsletter March 28th 2025: Prep your April Business Calendar PLUS Three FABULOUS Free Resources for Canadian Businesses!

3/28/2025

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Hello!
Welcome to March 28th 2025! In this Newsletter:
  • What’s due at the end of March?
  • My Three Favorite Resources for March!
  • What due dates are coming up in April?
What’s Due End of March?
  • If your GST/HST Filing is annual, and based on the Calendar Year January to December, AND your business is a partnership or your business is incorporated, then your annual ​GST/HST Return​ is due to be filed and paid on or before March 31st.
  • If your business is incorporated, and owed greater than $3k in corporate Income Tax for the previous fiscal year, then it is required to pay installments for next year on the last day of every month. March 31st is the due date for the ​March Corporate Tax Installment​.
  • If required, partnerships (except those made up of corporations, or a combination of individuals, corporations, and trusts with different filing dates) must file a ​Partnership Information Return ​before this March 31st.
  • ​​NR4's​ are issued by Canadian Payers who make payments to non-residents of Canada for income such as interest, dividends, rents, royalties, pensions, and acting services. These are due to be filed with CRA on March 31st.
  • ​​T3 Trusts Returns​ also are due on March 31st. Last year, CRA updated their Reporting Requirements for trusts, and there were trusts that needed to file for the first time. More information can be found on CRA ​here​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, February's GST/HST filing and remittance is due on March 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter December to February would be due March 31st. Also, if your Corporate Fiscal Year End is September, your Corporate Tax Return is due 6 months after your Fiscal Year end (in March). If your Corporate Year End is January, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due in March or in April, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.
My Favourite Hacks & Resources from March!
Here's three fabulous resources for Entrepreneurs to spring into spring!
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  1. 13 Spring Cleaning Tasks for Canadian Businesses: This month I created a Spring Cleaning Checklist for Canadian Businesses! Vacation Pay, EHT, Business Name Registration, Website updates, Uncleared Items and more... what important tasks and checks are slipping through the cracks that could impact compliance, or increase profit? Don't forget to include your business in your Spring Cleaning Goals! Download the printable checklist ​here​!
  2. Are they an Employee or a Contractor?: Both CRA and WSIB/WCB are very opinionated on whether that worker is an Employee or not, and if an Employee, then the Employee Labour Standards and Regulations apply. "Misclassifying workers can lead to payroll headaches, tax troubles, legal issues and compliance issues. The Canada Revenue Agency (CRA) holds employers responsible for getting this right, so understanding the key differences is crucial." writes Bianca Mueller, in her recent Blog Post "​Hiring in Canada? Here's What You Need to Know About Employees Vs. Contractors.​"
  3. My Canadian Payroll Basics Course now Live!: Canadian Payroll Basics for Bookkeepers, Office Managers, and Entrepreneurs. Unlock the complexities of Canadian payroll and seamlessly integrate it with your bookkeeping processes. This course provides a thorough understanding of foundational payroll concepts, from how the deductions are calculated to navigating tax regulations and remittances. You'll learn to accurately track payroll totals and manage vacation pay. We'll delve into both manual payroll processing and the use of payroll apps and services, equipping you with practical skills for real-world scenarios. You'll explore how payroll data impacts your general ledger accounts and financial reports, including the intricacies of cash vs. accrual accounting, and the methods of modified cash accounting to increase efficiency without losing accuracy.
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What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!
What due dates are coming up in April?Now’s the time to prep your April Calendar! #BeThatBusiness that is organized! Here are some April due dates that might affect your business:
  • If you have employees, April 15th is the due date for your payroll source deductions if you are a regular remitter relating to March's payroll.
  • If you have employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. In Ontario, ​WSIB is due quarterly for Insurable Earnings over $20k​, and the premiums on earnings from Jan 1st to March 31st are due on April 30th.
  • If your GST/HST is quarterly, and falls on the standard quarters, then the 1st quarter (Jan to Mar), is ​due to be filed and paid​ on or before April 30th
  • If your ​GST/HST Filing is annual​, and based on the Calendar Year January to December, AND you are a self-employed, then your due date to file your HST is June 15th. BUT! Your due date to PAY is April 30th.
  • If your GST/HST is annual, and is based on the standard Calendar Year, and also was payable by more than $3k the previous year you filed, then you are required to pay a ​GST/HST installment​ towards your 2025 GST/HST Return on or before April 30th. This installment should be either 25% of what your net GST/HST was from your previous filing, or 25% of what you predict it will be if you predict it to be less then the year before.
  • For those who are not self-employed (or are not a spouse of someone self-employed), their ​Personal Income Tax Return​ is due on or before April 30th. April 30th is also their due date to pay any income tax owing. ​
  • For those who ARE self-employed (or are the spouse of someone self-employed), though their Personal Income Tax Return is not due until June 15th,​ your due date to pay any income tax owing is STILL April 30th!​ Even if your income tax is not finalized, find out an estimate of what the taxes may be, and be sure to pay that to CRA as an installment on 2024's tax account before April 30th.
  • UHT; Underused Housing Tax Return: If you own or have an interest in a residential property in Canada with 3 or less units you may need to file an ​Underused Housing Tax return​ by April 30th 2025. Find out more details about the UHT Return from my ​Oct 2023 newsletter​.
  • If you are incorporated, and you owed corporate Income Tax for your previous fiscal year, then you are required to pay installments for next year on the last day of every month. April 30th is the due date for the ​April Corporate Tax Installment​.
  • Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, March's GST/HST filing and remittance is due on April 30th. Also, if your Corporate Fiscal Year End is October, your Corporate Tax Return is due 6 months after your Fiscal Year end (in April). If your Corporate Year End is February, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due in April or in May, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.
Be Intentional Today!
Get out there, and Be That Business That Thrives!

​Naomi Wilkins
​Making Business Make Sense
​www.naomiwilkins.ca
​Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While we have tried to ensure the accuracy of the information in this article, we accept no liability for errors or omissions.
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Be That Business Newsletter May 30th 2025: Prep your June Business Calendar! Plus 3 Fabulous Business Resources!

3/28/2025

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Hello!
Welcome to May 30th 2025! In this Newsletter:
  • What’s due at the end of May?
  • My Three Favorite Resources for June!
  • What due dates are coming up in June?

What’s Due End of May?
  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then the business is required to pay installments for next year on the last day of every month. May 31st is the due date for the ​May Corporate Tax Instalment​. (Monday June 2nd in 2025, as the 31st falls on a ​Saturday​)

  • ​Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, April's GST/HST filing and remittance is due on May 31st. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter February to April would be due May 31st. Also, if your Corporate Fiscal Year End is November, your Corporate Tax Return is due 6 months after your Fiscal Year end (in May). If your Corporate Year End is March, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of May or end of June, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.

My Three Favorite Resources for June!
  1. CRA's Quick Reference on Business Deadlines - Businesses have different filing and payment deadlines – in May, CRA put out a​ quick reference​ to help you stay organized!

  2. Tax Debt Options with CRA - CRA also put out in May a "Tax Tips" post on how you can ​work with CRA to resolve your debt​. This is applicable for both personal and business taxes. If you don't pay or call to discuss your situation, the CRA can take steps to recover the amount you owe, so talking with them is always the best option.

  3. Accounting Processes and Workflows: Financial Cents has come out with a free course by the legendary Work Flow Queen ​Kellie Parks​ "​Setting Up Accounting Processes and Workflows​". Written for the bookkeeping firm audience, it has practical suggestions and workflows that can be applied to many situations from office managers to new bookkeeping service providers.

What Resources have you found that have helped you start, run, or grow your business? Feature it (and a callout to your business!) in our next Resources Newsletter!


What due dates are coming up in June?
Now’s the time to prep your June Calendar! #BeThatBusiness that is organized! Here are some June due dates that might affect your business: (Note, June 15th falls on a Sunday. So any ​CRA June 15th due date is actually June 16th in 2025​)
  • If your business has employees, and is a ​Regular Remitter​, June 15th is the due date for your ​payroll source deductions​ relating to May's payroll. (In 2025, June 15th is a Sunday, so technically due June 16th this year). ​

  • If your business has employees, then you likely are registered for provincial Workplace Insurance (WSIB/WCB). WCB in some provinces is due monthly, and on the 15th. (In Ontario, WSIB is due quarterly, and the premiums on earnings from April to June are due on July 31st)

  • Even though the ​payment deadline​ for your personal income taxes was April 30th, if you are self-employed, your​ personal income tax return​ is due to be filed June 15th. (In 2025, June 15th is a Sunday, so technically due June 16th this year).

  • If your ​GST/HST Filing is annual​, and based on the Calendar Year January to December, AND you are a self-employed, then your due date to file your HST is June 15th. BUT! Your due date to PAY was April 30th

  • If you were ​payable by $3,000 or more​ on your personal income taxes for 2023 and also for 2024, CRA requires that you pay installments on your 2025 income taxes. If you fall into this category, June 15th your second ​personal income tax installment​ is due. ​

  • The ​Corporate Tax Return (the T2)​, is due six months after the fiscal year end. If your fiscal year end is the calendar Dec 31st, then the corporations' tax return is due June 30th. But these take time to prepare. If you haven't reached out to your accountant yet, then make this a priority right away
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  • If your business is involved in construction activities and makes payments to subcontractors for construction services, you will need to file ​T5018s, "Statement of Contract Payments"​ for each of your contractors each year. You can report the payments on a calendar year basis, or based on your fiscal year end. These are due six months after the reporting period you have chosen, either your fiscal year end, or the calendar year end. If that period ends Dec 31st, then the 2024 T5018's would be due June 30th 2025.

  • If your business is incorporated, and owed corporate Income Tax for the previous fiscal year, then you are required to pay installments for next year on the last day of every month. June 30th is the due date for the ​June Corporate Tax Installment​.

  • ​Though there are no other standard items due at the end of this month, be aware that if your Sales Tax filing is monthly, May's GST/HST filing and remittance is due on June 30th. If your Sales Tax quarterly filing is on a different schedule because of a corporate fiscal year end date that is not standard, the GST/HST for a quarter March to May would be due June 30th. Also, if your Corporate Fiscal Year End is December, your Corporate Tax Return is due 6 months after your Fiscal Year end (June 30th). If your Corporate Year End is April, the Income Tax Payable is payable 2 or 3 months after the Fiscal Year End; either due end of June or end of July, depending on your corporation. Check in with your accountant to find out more about your corporate tax due dates specific to your corporation. Find out more ​here​.

Be Intentional Today!
Get out there, and Be That Business That Thrives!

​Naomi Wilkins
​Making Business Make Sense
​www.naomiwilkins.ca
​Disclaimer: This Newsletter is intended to inform readers in general terms. It is not intended to provide any tax or business advice. Please consult your accountant if you have any questions about your unique situation. While we have tried to ensure the accuracy of the information in this article, we accept no liability for errors or omissions.
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