Lorena Boda CPA

Understanding Trust & Estate Tax Returns in Canada

Tax Returns in Canada related to trusts and estates require careful recordkeeping and accurate reporting. Executors and trustees are responsible for managing financial activity within a trust or estate and ensuring that income generated by assets is properly documented.  Many individuals who take on these responsibilities may not have previous experience handling estate financial reporting. As a result, understanding how trust income … Read more

How to Streamline Payroll and Stay Compliant with CRA in 2026

Payroll and Stay Compliant is one of the most important responsibilities for Canadian business owners managing employees. Payroll involves more than issuing paycheques. It includes tracking wages, calculating deductions, maintaining employee records, and meeting reporting requirements. When payroll systems are disorganized or inconsistent, businesses may face compliance risks, administrative stress, and operational inefficiencies.  As businesses grow, payroll responsibilities … Read more

2026 Personal Tax Filing Guide for Canadian Residents

Personal tax filing Canada 2026 is an essential responsibility for Canadian residents who want to remain compliant while making informed financial decisions. Every tax year brings reporting obligations, documentation requirements, and opportunities to review tax credits, deductions, RRSP contributions, and capital gains tax reporting. When approached properly, filing is not just about meeting CRA deadlines. It … Read more

Bookkeeping for Small Business Ontario: Why It Matters in 2026

If you run a company in Ontario, bookkeeping for small business Ontario should never be treated as an afterthought. In 2026, business owners are dealing with tighter reporting expectations, structured payroll management Canada rules, and growing documentation requirements for CRA compliance. When your financial record keeping is organized throughout the year, everything else becomes easier … Read more