As we approach the Christmas holidays, we want to start by wishing all Peel childcare operators a restful and well-deserved break. 2025 has been a demanding year — and for many centres, it was the first full year operating under the CWELCC cost-based funding model. With the holidays around the corner, most operators are balancing […]
Financial Reporting Requirements for Not-for-Profits and Charities: What Organizations Need to Know
In our previous blog, we outlined the tax filing and financial statement obligations for not-for-profit organizations (NPOs) and charities in Canada. While meeting these requirements is essential, the process can be complex—especially for organizations focused on delivering impact in their communities. This article takes a closer look at financial reporting requirements, providing clarity around the […]
Tax Filing and Financial Statement Reporting Requirements for Not-for-Profit Organizations and Charities in Canada
In Canada, not-for-profit organizations (NFPs) and registered charities play a vital role in supporting communities. While these organizations are generally exempt from income tax on most activities, they must still comply with specific tax filing and reporting requirements to maintain their status. Understanding these obligations is essential for ensuring compliance and the continued success of […]
DO YOU NEED TO FILE A PERSONAL TAX RETURN, AND WHAT IF YOU DON’T?
In our previous post on LinkedIn, we shared that the earliest date personal tax returns can be filed is February 24, 2025. Do you need to file this return? What are the implications if personal tax returns are not filed, or filed late? Every individual who is a resident of Canada needs to file a […]
The evolving month of February for Tax Payers
The month of February for tax preparers is usually evolving but February 2025 has more. Here, we will discuss some of the significant changes with their implications. Capital gain inclusion rate: On January 31, 2025, it was announced that the federal government is deferring change in capital gain inclusion rate from June 25, 2024 to […]
IS YOUR 2025 FINANCIAL BUDGET IN PLACE?
Putting the customer at the core of your product development ensures relevance and resonance.
DECEMBER YEAR END? THINKING OF REPORTING REQUIREMENTS?
When everyone understands and believes in the shared goal, they are motivated to work cohesively.







