Eleion Group LLP

Exciting News! 🎉

We are delighted to share that, as of January 1, 2025, Eleion Professional Group LLP has merged with Crowe MacKay LLP, one of Western Canada’s leading accounting firms. This partnership will allow us to enhance the services we offer, including specialized expertise in complex areas of tax, audit, and advisory.

While our name will be changing, much will remain the same—our south-side location, the team you know and trust, and our unwavering commitment to delivering exceptional service!

We are excited about the opportunities this merger brings and are looking forward to continuing to support your accounting and tax needs in bigger and better ways. Thank you for your continued trust and support as we take this exciting step forward together.

With gratitude,
Ida, Jennifer & Candy

What do I need to report and claim on my taxes? 📔

There are 4 key things that Canadian citizens should report and claim on their taxes:

📑 Get your tax slips – Understand your tax slips such as the T4 and T4A, when you will receive them, and how to get copies
💸 Report your income – self-employment income, foreign investment income, income from assets, or other earnings.
🚙 Claim deductions, credits, and expenses – Find and claim tax deductions and credits, and get information on tax instalments and expenses.
👩🏻‍💻 If you are a small business owner or self-employed – Get help to better understand your tax obligations by booking an appointment with a chartered accountant (like us!)

Got tax questions? We can help! To learn more, visit our website today.
📞 780.461.0052
💻 [email protected]

Are you a corporate business who is looking to make a change in your accounting processes? Eleion can help! 📈

If you are looking to meet with an expert regarding your corporate accounting or incorporating your current sole proprietorship, you are in the right place!

We are excited to meet you and learn more about your business. Get in touch with our team today to book an introductory meeting!
📞 780.461.0052
💻 [email protected]

Wishing you all a Merry Christmas and Happy Holidays! 🎄 We hope you are all enjoying great food, resting and time with family!

Own a sole proprietor in Canada? ❄️ Here are 8 ways to pay less tax!

👉🏼Be diligent about your record-keeping.
👉🏼 File your taxes on time! (If you’re self-employed, you have until June 15th!)
👉🏼 Pay your taxes on time! (any taxes owing are due to be paid April 30th to avoid interest)
👉🏼 Remember to include meals and entertainment expenses that were for growing your business.
👉🏼 Pay for any business-related expenses with a separate business credit or debit card than what you use for your personal expenses to capture them all.
👉🏼 Invest in RRSPs and TFSAs.
👉🏼 Write off all allowable losses.
👉🏼 Deduct your home office expenses.

We’re celebrating Amanda’s birthday today! 🎂 Join us in sending her your warmest birthday wishes!

Are you starting a new business in Edmonton? 👨🏻‍💼

Here are FIVE fast reasons why you should consider hiring a business consultant:

📈 They turn challenges into opportunities.

📔 Improve your financial knowledge.

📊 Deliver strong business strategies.

💰 Streamline your business for increased profitability.

🌱 Focused on helping you grow.

We can help get you on track! To learn more, visit our website today.
www.eleiongroup.ca

Tax Facts! ✔️

The most common tax deductions in Canada are:

✨ Pension adjustments.

✨ Union and professional dues.

✨ Child care expenses.

✨ RRSP contributions up to the maximum amount allowable per year.

✨ Donations to charitable organizations or political parties.

Wondering if you’re paying a little more than you should on your taxes? Consult our CPA’s for help with your taxes!
📞 780.461.0052
💻 [email protected]

Are you going digital with your business filing system? 👨🏻‍💻

Here are some documents you should keep a physical copy of:

📚 Accounting & bookkeeping records

🏦 Bank statements

📃 Contracts

🗄️ Permits & licenses

📇 Employee / Outsourcing records

🧾 Vendor records

🗃️ Payroll records

Have questions about your transition to digital? Let us help with your transition!

📞 780.461.0052
💻 [email protected]

Union workers, this one’s for you! 👷🏼‍♂️

Don’t forget to claim the following types of dues on your tax return:

👉🏼 Yearly union dues when you’re a member of a trade union or association of public servants.
👉🏼 Dues paid to a professional board as required by provincial or territorial law.
👉🏼 Premiums paid for insurance for professional or malpractice liability coverage.
👉🏼 Dues for keeping a legal professional status in the eyes of the law.
👉🏼 Dues paid toward parity of advisory committees as required by provincial or territorial law.

You can claim dues related to your employment paid by you or paid on your behalf that were included as part of your income during the year.

If you have questions on what sort of union dues you can claim on next year’s taxes, get in touch with our team today!

📞 780-461-0052