Pi Business Solutions Ltd.

Missed the self-employed tax deadline? Don’t panic, but don’t keep waiting.

As we pass this year’s tax filing deadline for self-employed Canadians and their spouses, it’s important to remember that late does not mean too late.

If you owe taxes and missed the deadline, the CRA can charge a late-filing penalty of 5% of your balance owing, plus an additional 1% for each full month your return is late, up to 12 months.

One of the biggest mistakes people make is waiting to file because they don’t have the money to pay their tax bill. But delaying your return can make things more expensive and may also affect benefit payments tied to your reported income, including the Canada Groceries and Essentials Benefit, Canada Child Benefit, Guaranteed Income Supplement and other income-based programs.

The sooner you file, the better.

If you owe money and can’t pay the full amount right away, the CRA has payment arrangement options spread payments over time. Interest can still apply, but having a plan in place is usually much better than avoiding the issue.

If you missed the deadline because of circumstances beyond your control, you may also be able to request relief from penalties or interest through the CRA’s taxpayer relief provisions.

Behind on your return or not sure what your next step should be?

Let the professionals at Pi Business Solutions help you get caught up, file properly, and put a plan in place.

📩 Contact us today to get started.

For all the self-employed Canadians spending the weekend digging through receipts, invoices, spreadsheets, and mystery expenses to meet Monday’s CRA filing deadline…

We want you to know something important:

Life does not need to be this way.

Hiring the right accounting and bookkeeping support can help you stay organized throughout the year, not just when the deadline starts breathing down your neck.

At Pi Business Solutions, we help small business owners with corporate and personal tax, bookkeeping, payroll, accounting services, business support, and audit advocacy, so you can spend less time sorting paper piles and more time focusing on the business you actually built.

No judgment. No panic. Just better systems, better support, and a bigger piece of the pie.

Need help getting organized for next year? Let’s talk.

It’s the final countdown for self-employed tax filing.

If you’re self-employed in Canada, or your spouse or common-law partner is, June 15 is the filing deadline for your 2025 tax return.

Just a reminder, if you had a balance owing, that payment was still due by April 30. But if your return still needs to be filed, now is the time to get it wrapped up.

One week left. Don’t leave it until the last minute.

Pi Business Solutions is here to help you stay organized, file with confidence, and keep your business moving forward.

🥧 http://pibusiness.ca/
📞 403-723-1723
📧 [email protected]

June is here, which means an important tax deadline is coming up.

If you or your spouse/common-law partner were self-employed in 2025, the deadline to file your 2025 income tax return is June 15, 2026.

While any balance owing was still due by April 30, this is your reminder to make sure your return is filed on time and your paperwork is in order.

Need help getting everything wrapped up before the deadline? Reach out to the team at Pi Business Solutions.

Self-employed in Canada? The June 15 tax filing deadline is coming up quickly, which makes this a good time to double-check that you are not missing eligible business deductions.

One area that often creates confusion is meals and entertainment.

🍽️ Can you write off client lunches, coffee meetings, or event tickets?

In many cases, self-employed Canadians can claim eligible food, beverage, and entertainment expenses when they are directly tied to earning business income. However, the CRA generally limits the deductible amount to 50% of the reasonable cost, including applicable taxes and tips.

A few examples that may qualify:

✅ Meals with clients, suppliers, or business contacts
✅ Entertainment expenses connected to business development
✅ Food and beverage costs while travelling for business

A few examples that may not qualify:

❌ Personal meals with no clear business purpose
❌ Meals while on vacation
❌ Season tickets or entertainment costs without proper proof of business use

Keeping detailed receipts and notes about the business purpose can make a big difference if questions come up later.

Need help understanding which expenses may apply to your business? Reach out to the team at Pi Business Solutions today.

🥧 http://pibusiness.ca/
📞 403-723-1723
📧 [email protected]

Did the CRA really text you? 🤔

Scammers are getting better at making messages look official, so it’s important to know what to watch for.

The CRA only sends text messages for multi-factor authentication with a one-time passcode. They will not send links by text or ask you to click through to provide personal information.

If you receive a suspicious message, remember:

🛑 Stop: Take a moment before responding or clicking anything.
❓ Question: Ask yourself why you’re being contacted and whether the request makes sense.
✔️ Act: When in doubt, delete it.

Staying scam smart can help protect your personal and financial information.

https://www.canada.ca/.../reve.../campaigns/fraud-scams.html

Happy May long weekend from all of us at Pi Business Solutions! ☀️

If there’s 1 thing we can always predict about Victoria Day weekend in Calgary, it’s unpredictable weather.

We hope the snow doesn’t spoil your plans and you’re still able to enjoy a fun and relaxing long weekend!

Happy Mother’s Day from all of us at Pi Business Solutions!

Today we celebrate the moms, grandmas, stepmoms, and mother figures who do so much at home, at work, and everywhere in between.

Wishing you a day filled with appreciation, relaxation, and time with the people who matter most.

Did you know your tuition fees could help lower your taxes?

If you attend university, college, or trade school, you may be eligible to claim the tuition tax credit.

This non-refundable tax credit can help reduce the amount of taxes you owe to the Canada Revenue Agency and may even bring your balance down to zero.

Check out this video from the CRA to learn more about how to claim your tuition tax credit and make sure you’re taking advantage of the credits available to you.

Learn About Your Taxes. The one about the tuition tax credit (Part 1) If you attend university, college, or trade school, did you know your tuition fees can give you a tax credit?The tuition tax credit is a non-refundable tax c...

May the 4th be with you… and your bookkeeping.

Because nothing brings balance to the force like clean records, organized expenses, and knowing exactly where your business stands.