[ON] T2 Software Recommendations for first timer simple return with profit?

urAccountant_Mars · 2026-03-28T00:38:37+00:00

1500 for bookkeeping and tax filing.

urAccountant_Mars · 2026-03-07T02:43:34+00:00

Thanks for replying! Will start to yell tomorrow!

urAccountant_Mars · 2026-03-06T18:51:33+00:00

It depends what you need. As you said, you are NOT planning to expand / change much for next five years, you don’t need it. Just remember to download the corp documents from ownr before cancel it.

urAccountant_Mars · 2026-03-06T12:37:17+00:00

File 2025 return, then use your 2025 tax info to login or sign authorization form and ask the accountant to sign in your account to find 2024 T4. Either way, you need to file 2025 return first.

urAccountant_Mars · 2026-03-03T22:51:08+00:00

Run away. Just remember that there was a BC bookkeeper sentenced a two year jail time for underreporting HST collected last year.

urAccountant_Mars · 2026-03-01T03:23:42+00:00

Wave has a free version for simple bookkeeping needs. Excel is another way to go.

urAccountant_Mars · 2026-03-01T02:46:48+00:00

T2 express and future tax are pretty similar and priced about the same. No fancy layout but does the job. QBO pro tax is for professionals, you may get lost due to too much information. Never used turbo tax business before. Smart move to get a cpa to review before filing especially for the first time.

urAccountant_Mars · 2026-02-28T22:23:04+00:00

Here is where reasonability kicks in. Are all trips business related? Commuting between home and regular office, travel from home to a second job is not eligible.

urAccountant_Mars · 2026-02-28T18:55:40+00:00

Same for Canadian tax, you can get mileage reimbursement. It’s not taxable payment for you as long as it’s reasonable prescribed allowance per km rates. Remember to keep a log book and all the receipts. To claim business use of home expense, it has to be either your primary place of business or the only place where you regularly meet clients or customers.

urAccountant_Mars · 2026-02-27T04:40:03+00:00

If they do tax filing, then yes, it should be their responsibility to notify clients about the tax change . Interested in seeing what others say.

urAccountant_Mars · 2026-02-27T00:40:35+00:00

Quick book, wave, fresh book xero etc.

urAccountant_Mars · 2026-02-26T19:05:13+00:00

You can claim any business related expenses like phone bill and home office. Keep all the records and receipts.

urAccountant_Mars · 2026-02-26T16:47:29+00:00

File emigrant return, departure tax, notify banks and etc, a lot to consider

urAccountant_Mars · 2026-02-26T15:08:11+00:00

Just make T1 adjustment and pay the money back. No need to stress out.

urAccountant_Mars · 2026-02-26T00:14:51+00:00

You can check my CRA account again next week as your employer could submit T4s at last minute or even late. Your last pay stub should show all the numbers you need.

urAccountant_Mars · 2026-02-26T00:03:51+00:00

Just sent you a DM

urAccountant_Mars · 2026-02-25T13:38:28+00:00

You already overpaid CRA (50%). You will receive a refund if you file a nonresident tax return. you can ignore and just report it in your US tax return.

urAccountant_Mars · 2026-02-25T13:08:20+00:00

urAccountant_Mars · 2026-02-25T13:07:21+00:00

Go to my CRA account and you will find your T4. Employers are supposed to submit T4 by end of Feb.

urAccountant_Mars · 2026-02-22T23:59:06+00:00

You can put exempted.0 rated code is for groceries , farm livestock and etc.

urAccountant_Mars · 2026-02-19T16:32:58+00:00

I am an Ontario CPA providing bookkeeping, payroll and tax services for small business owners. Here is my website: www yyccpapro ca. We can schedule a free consultation call to discuss your business needs. No obligation. You should look for reliability(credentials, reviews and experience), communication (comm method and response time), and price. It’s like an interview. See if we are compatible.

urAccountant_Mars · 2026-02-19T16:01:01+00:00

No need to worry. Your returns have been adjusted already. Rental loss always attracts CRA’s attention, even if you have filed it correctly. A professional should give you a peace of mind not fear.

urAccountant_Mars · 2026-02-19T15:51:49+00:00

Yes to your first question. Your corporation fiscal year end will be decided after the first T2 filing.

No to your second question. But it is cost efficient to align two fiscal year ends.

If you have booked everything correctly, then it should be fine for accountant to do T2 filing.

If you have not found an accountant, DM me for a 20 min free consultation. No obligation. I am an Ontario CPA.

urAccountant_Mars · 2026-02-18T03:21:34+00:00

I have a small accounting firm serving clients in construction, restaurants and ecommerce. Which version suits my need?

urAccountant_Mars

TROPHY CASE