FAQ

Yes, while we are proudly based in Ottawa, Ontario we are a fully remote accounting firm working with clients all across Canada. Whether you are a small local business in St John, or a freelancer in Vancouver, or just an individual needing help with their taxes elsewhere in the country, we can help you with bookkeeping, accounting, and tax preparation services remotly. Our team is not only familiar with taxes in Ontario, but also familiar with federal requirements, ensuring that your books and fillings meet all Income Tax Canada Revenue Agency standards.

Here at Centsible Accounting we continuously monitor updates from the Canada Revenue Agency (CRA) to ensure your filings comply with current tax laws. We regularly review new guidelines, CRA publications, attend annual courses , and refer to verified CRA resources including the Canada Revenue Agency personal income tax phone number which can be reached at 1-800-959-8281.

There are many similarities to bookkeeping and accounting, but Bookkeeping focuses on recording your day-to-day financial transactions. These are including but not limited to sales, expenses, payroll, and receipts. Accounting involves analyzing data to make strategic financial decisions and prepare reports. A great article by the people over at Avisar goes more in depth into the differences between the two, you can find the article here. Both are essential for compliance with Canadian income tax regulations and proper tax preparation.

100% Yes! We are currently accepting new clients for this tax year. The current deadline for taxes in 2025 is Wed, Apr 30, 2025. Whether you need help with Canadian income tax, year-end bookkeeping cleanup, or tax preparation, our team is ready to assist. Please contact for any further questions by reaching out to us via phone 613-724-7431 or email robert@centsibleaccounting.ca. Alternatively you can reach out by filling out our contact form here.

It depends on your situation! If you're an individual filing a personal tax return, once-a-year bookkeeping is usually sufficient unless there are specific tax planning opportunities that require more frequent updates.

For businesses, however, bookkeeping should be done more regularly. While business taxes are filed annually There are often additional filing obligations like HST (for those earning over $30,000 in annual revenue) and source deductions (if you have employees). To stay organized and avoid last-minute stress, we recommend updating your books monthly. This helps ensure accurate financial records, smooth tax preparation, and compliance with Canada Revenue Agency (CRA) requirements.

We primarily use trusted platforms like QuickBooks Online, and TaxCycle all of which integrate well with Canadian banking systems and Income Tax Canada Revenue Agency requirements. We can also recommend the best option based on your business size, goals, and workflow.