FAQs: Your Questions, Answered
-
Our office is in Port Moody, BC, and we work with individuals and businesses across Canada. Most of our work is done online, so you can work with us from anywhere.
-
No. We work virtually, using secure online tools to share documents and video calls for meetings. You can work with us from start to finish without coming into the office.
-
It depends on the service and the complexity of your situation. After a free consultation, we’ll give you a clear quote, so you’ll know what you’re paying before any work begins.
-
Book a free consultation. We’ll learn about your situation, answer your questions, and recommend the services that fit.
-
We use secure online tools to collect your information and documents. During tax season, start with our online intake form, and we’ll tell you exactly what else we need.
-
A bookkeeper records and organizes your financial transactions. A Chartered Professional Accountant (CPA) is a licensed professional who can also prepare and file tax returns and give tax and business advice. At RidgeWood CPA, both are handled by one team, so your books and taxes always line up.
-
For most people, the deadline to file and pay is April 30, 2027. If you or your spouse are self-employed, you have until June 15, 2027, to file, but any balance owing is still due April 30.
-
It depends on your situation, but common items include T4 slips, investment slips, RRSP receipts, and medical, childcare, and donation receipts. Download our Individual Tax Return Checklist for the full list.
-
Yes. We can prepare and file returns for past years and help you get caught up with the CRA. Filing as soon as possible helps limit penalties and interest.
-
It depends on how complex your return is and when we receive all your documents. Sending everything early, especially before the spring rush, helps us file sooner.
-
Yes. We can review the letter, explain what it means, and help you respond, whether it’s a request for documents, a reassessment, or a review.
-
Yes. With your authorization, we can be set up as your representative with the CRA. That lets us view your account information and handle questions directly.
-
Corporate tax returns (T2) are due six months after your fiscal year-end. Any tax owing is usually due two months after year-end, or three months for eligible Canadian-controlled private corporations.
-
It depends on your income, your personal goals, and your corporation’s situation. Each option affects your taxes, CPP contributions, and RRSP room differently. We’ll look at the full picture and recommend the mix that makes the most sense for you.
-
In most cases, you must register for GST once your taxable revenue goes over $30,000 in four consecutive calendar quarters. Some businesses choose to register earlier. We can help you decide and handle the registration.
-
Incorporating can offer tax advantages once your business earns more than you need to live on, but it also adds costs and paperwork. We’ll walk through the numbers with you to see if it makes sense.
-
We work in QuickBooks Online. If you’re using another system, we can help you move over.
-
Yes. Our catch-up bookkeeping service brings your records up to date, and we can help you file any overdue GST or tax returns at the same time.
-
Each month, we record and reconcile your transactions, track your GST, and send you financial statements. Because we’re a CPA firm, your books are ready for year-end and tax filing without any handoff.
-
Yes. Our bookkeeping reviews check your records for errors, missing entries, and GST issues, then give you clear recommendations to fix them.
-
Yes. We handle the full migration, from cleaning up your data to setting up your new file and training your team, so you start fresh on the right foot.
-
Our personal financial coaching helps individuals and couples build a budget, pay down debt, grow savings, and plan for goals like buying a home. Coaching focuses on planning and money habits, not investment recommendations.
-
Business owners who want clearer numbers and better decisions. We help with KPI tracking, management reports, budgeting, cash flow forecasting, and improving how your business runs.
