One Loop Accounting

I am excited to share that One Loop Accounting has been nominated for a 2025 Quality Business Award! 🏆

Being recognized among the top businesses in Langley means so much to me. It reflects the trust of my amazing clients and the dedication I bring to supporting their needs.

Thank you for being part of my journey! I couldn’t do it without you!

For those who still prefer face-to-face meetings, I’m happy to accommodate, just note that it’s by appointment only!

Feel free to reach out to book a time 778-800-0070.

https://www2.gov.bc.ca/gov/content/taxes/tax-updates/budget-changes?fbclid=IwRlRTSAQCOApleHRuA2FlbQIxMABzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR4guY9H9J4BZPHLfFORfrExvGYsJTyxoIqScjqoXocsLEeUTKDfHDrQ1yva1A_aem_vMtfhQ_UZdrqpt9P50yWAg

B.C. Provincial budget tax changes Announcing recent and proposed tax changes from the 2025 B.C. Provincial Budget.

Tax Season 2026 - Important deadlines to remember! 🇨🇦

March 2, 2026 – RRSP Contribution Deadline
Make your RRSP contributions by March 2 to claim them on your 2025 tax return and maximize your tax savings!

March 15, 2026 – 1st Installment Due
First quarterly tax installment for 2026 if you pay taxes by installments.

April 30, 2026 – Tax Filing & Balance Due
File your 2025 personal tax return and pay any taxes owing by this date to avoid interest. File even if you can’t pay, to avoid late-filing penalties.
Self-employed taxpayers can file by June 15, but still must pay by April 30.

June 15, 2026 – 2nd Installment & Self-Employed Filing Deadline

Sept 15 & Dec 15, 2026 – 3rd + 4th Installments
If you’re required to make CRA quarterly installments for 2026.

One Loop Accounting
"Where Every One Counts!"

Happy New Year!!!

One Loop Accounting
Where Every One Counts!

Wishing you and your family a joyful holiday season and all the best for the New Year. Thank you for the opportunity to work with you!

One Loop Accounting
"Where Every One Counts"

Update for the Trucking Industry

The CRA has lifted its moratorium on penalties for unreported service fees starting with the 2025 tax year.
Trucking businesses must now report payments over $500 made to Canadian corporations on a T4A (box 048).

Deadline to file: March 2, 2026 (since Feb 28 falls on a Saturday).

Stay compliant and avoid penalties.

Here is the link:

CRA strengthens compliance in trucking sector by lifting the moratorium on T4A penalties - Canada.ca Trucking is vital to connecting Canada’s vast and expansive territory and bridging our united economies.

You might have to zoom in for this one… 👀

Go on — I know you’re curious!

Next time we meet, you’ll be walking away with one of these sleek pens!

One Loop Accounting
“Where Every One Counts”

What Is a Compilation, and Who Can Do It?

A Compilation Engagement (formerly called “Notice to Reader”) is when a Chartered Professional Accountant (CPA) takes your financial data and prepares financial statements.

It’s ideal for:
✅ Small businesses that need financial statements for banks, investors, or tax filing
✅ Owners who want a clear snapshot of their company’s finances
✅ Year-end preparation before filing a corporate T2 return

Only a licensed CPA in public practice can prepare and sign a Compilation Engagement Report under Canadian standards (CSRS 4200).

A proper compilation adds credibility to your numbers — and ensures they meet CRA and lender expectations.

We make your year-end smooth and compliant at One Loop Accounting!