Canadian Bookkeepers Association

The future professional bookkeeper will spend less time entering data and more time acting as a mentor, advisor, and financial translator for small business owners.

Why hire a bookkeeper in the age of AI? The short answer is:

AI can process transactions. A professional bookkeeper protects the integrity of the financial story.

Businesses who are forward movers don't hire bookkeepers simply to enter data.

They hire them for a number of important reasons. Here are a few examples:
Making Sense of the Numbers
Ensure Accuracy
Detect Problems Before They Become Expensive
Provide Accountability

Did we answer the question? :)

Now that AI is assisting with the bookkeeping how do you adjust billing to reflect to the client and to your business?

You stop selling:
bookkeeping labour
You start selling:
financial operating systems

Now that AI is assisting with the labour how do you handle it for your clients?

You stop selling:
bookkeeping labour
You start selling:
financial operating systems

Reminder – Information sessions about the first-time home buyers’ goods and services tax / harmonized sales tax rebate

The Canada Revenue Agency (CRA) invites you to attend our information sessions on the first-time home buyers' (FTHB) goods and services tax / harmonized sales tax (GST/HST) rebate. The CRA will be offering four virtual sessions. Information sessions for builders and developers Who these sessions are for Builders and developers who want a clear explanation of the FTHB GST/HST rebate....

Reminder – Information sessions about the first-time home buyers’ goods and services tax / harmonized sales tax rebate The Canada Revenue Agency (CRA) invites you to attend our information sessions on the first-time home buyers’ (FTHB) goods and services tax / harmonized sales tax (GST/HST) rebate. The CRA w…

Making changes to your tax return? Here’s what’s new and how to save time

If you've filed your taxes but realized later that you forgot to claim a deduction, report income, or made an error, there's no need to worry! You can request changes to your tax return without filing a new one. This process helps ensure your tax return is accurate and that you're paying—or receiving—the correct amounts. Since last tax season, the Canada Revenue Agency (CRA) has introduced several improvements to make requesting changes to your tax return faster and easier....

Making changes to your tax return? Here’s what’s new and how to save time If you’ve filed your taxes but realized later that you forgot to claim a deduction, report income, or made an error, there’s no need to worry! You can request changes to your tax retur…

The bookkeeping industry has drifted heavily toward:

speed
automation
shortcuts
software dependency

…and many business owners are paying the price later.

A couple of questions for new bookkeepers out there.

When I started bookkeeping on my own I was excited........I was sure I had all the answers and the software was going to teach me more!! I had confidence or so I thought.

Question:
1. What do all you new bookkeepers out there misunderstand most?
2. What is one thing you would like to develop in your system set up to greatly assist you in moving your bookkeeping forward.

Important changes to the Underused housing tax

We want to inform you of recent changes to the reporting requirements for the Underused housing tax (UHT). These updates are important to review carefully to ensure compliance and avoid submitting unnecessary returns. On March 26, 2026, Bill C-15, an Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025, received Royal Assent. This legislation introduces amendments to the Underused Housing Tax Act (UHTA) that impact UHT filing requirements....

Important changes to the Underused housing tax We want to inform you of recent changes to the reporting requirements for the Underused housing tax (UHT). These updates are important to review carefully to ensure compliance and avoid submitting…

Clarification on the non-taxability of the Canada Carbon Rebate for Small Businesses

The Canada Revenue Agency would like to provide additional clarification regarding the update to the non-taxability of the Canada Carbon Rebate for Small Businesses sent on March 30, 2026. The Government of Canada has passed legislation that ensures the rebate is non-taxable for all fuel charge years. We are proactively reviewing certain T2 Corporation Income Tax Returns to identify businesses that may have included the rebate in their taxable income for the year it was received....

Clarification on the non-taxability of the Canada Carbon Rebate for Small Businesses The Canada Revenue Agency would like to provide additional clarification regarding the update to the non-taxability of the Canada Carbon Rebate for Small Businesses sent on March 30, 2026. The Gov…