Tom Galbraith Chartered Accountants
300 Welland Avenue L2R7L9 Saint Catharines, ON, Canada

Always keep your business finances separate from your personal finances. Don't give the tax auditor a reason to audit both. Learn to pay yourself first and run your business on the remaining cash. Setup an automatic payment to your personal account twice a month (1st & 15th or 10th & 25th) like a regular pay cheque. Call Tom Galbraith Accountants for more information at: 905-988-3755

As part of its ongoing efforts to reduce red tape for businesses and simplify its electronic services, starting October 19, 2015, the Canada Revenue Agency (CRA) will provide all GST/HST registrants with a new and unique access code on their GST34-2, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Return for Registrants, or GST34-3, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Electronic Filing Information. Call Tom Galbraith Accountants for more information and other CRA questions at: 905-988-3755

Getting paid is always an exciting part of running a business. What isn’t exciting is keeping track of your receivables. We can show you how to watch your receivables. Call Tom Galbraith Accountants for more information and other CRA questions at: 905-988-3755

TAX TIP #11: Many health-care plans have online programs that show exactly what's covered and what isn't. Use these figures for calculating your personal income taxes. Call Tom Galbraith Accountants for more information and other CRA questions at: 905-988-3755

TAX TIP #17: I'm self-employed, so what can I right-off? You're allowed to claim reasonable business expenses incurred to earn your income if you work for yourself. However, the key word is reasonable. If you only have one internet connection and work at home, the CRA will expect there to be some personal use so you cannot claim 100 per cent of expenses. And if you are claiming 90 per cent of your auto expenses, the CRA will most likely ask to review your logbook.... Call Tom Galbraith Accountants for more information and other CRA questions at: 905-988-3755

Fraudulent emails and phone calls - Protect yourself! The CRA is warning Canadians that fraudulent emails and phone calls purporting to be from the Agency are currently being reported. Find out more about these scams and learn how you can protect yourself: http://www.cra-arc.gc.ca/scrty/frdprvntn/menu-eng.html... For more information call us at: 905-988-3755