What happened today?
Pick what you did — we'll walk you through exactly what to record, step by step.
Upcoming deadlines based on your business setup. Sorted by urgency — red means act now.
Statement Importer
Upload your bank or credit card statement — PDF or CSV both work. AI reads every transaction, categorizes it, and extracts HST automatically.
| Date | Vendor | Amount | Category | HST paid | Net | Confidence |
|---|
Invoice Wizard
Fill in the fields — the invoice builds live on the right.
| Description | Qty | Rate | Amount |
|---|
Receipt Scanner
Upload a photo of a receipt — AI reads the merchant, amount, date and suggests a category.
CRA Tax Filing
Pre-filled CRA form boxes for your business. HST returns, tax estimation, and payroll remittances.
2. Payment: Pay via your BMO online banking — add "Receiver General for Canada" as a payee. Use your HST# .
3. Late filing penalty: 1% of amount owing + 0.25%/month up to 12 months. Always file on time even if you can't pay.
4. Record retention: Keep all receipts and records for 6 years.
5. ITCs for vehicles: If using a personal vehicle for business, only claim the business-use portion of HST.
T2 filing date: September 30 (6 months after year-end) — late filing penalty is 5% + 1%/month up to 12 months.
Tractor CCA: Your $33,900 tractor (Nov 2025) goes on Schedule 8. Confirm class with CRA — likely Class 8 (20%) or Class 10 (30%). With half-year rule and AII, year 1 CCA could be $5,085–$14,850.
Paying yourself: Salary (deductible for corp, taxable for you personally) vs. dividends (corp pays tax first, then lower personal rate). Worth optimizing with an accountant once annually.
Small Business Deduction: As long as is Canadian-controlled and active income is under $500K, the 9% + 3.2% = 12.2% combined rate applies.
Manage your team here. Changes sync automatically to the PD7A and T4 sections.
CRA payroll deductions must be remitted by the 15th of the month following payroll.
EI 2025: Employee rate 1.66% · Max annual premium $1,049.12 · Employer pays 1.4× employee
Due date: Regular remitter — 15th of following month (e.g., December payroll → January 15)
How to pay: BMO Online → Add payee → "Canada Revenue Agency – Payroll" → Use your Business Number + RT0001
PDOC tool: Use CRA's free Payroll Deductions Online Calculator at pdoc.cra-arc.gc.ca for exact tax withholdings
T4 slips: Issue to all employees by last day of February following the calendar year
Issue a T4 for each employee paid in the calendar year. T4 Summary and slips due to CRA by last day of February.
Legitimate tax strategies for an Ontario corporation in consulting + lawn care. These are ideas to explore — always confirm with CRA or a tax professional.
Every time you pay CRA — HST, payroll source deductions, corporate tax instalment — log it here. Attach the confirmation PDF and it gets filed in your Drive folder and tied to a bank transaction automatically. MNP needs this paper trail at year-end.
AI Bookkeeper CRA Remittances/[year]/ with a shareable link in the sheet.👥 Payroll
Family payroll for Postma Contracting Inc. Age-aware deductions, contemporaneous work log, source deduction remittance tracking.
Year-End Package
Everything MNP needs in one Drive folder. Built from your books, statements, and CRA receipts — refreshable any time.
Each item shows what MNP needs from you for this fiscal year. Green = done, amber = partial, red = action needed.
Drop monthly bank or AMEX statement PDFs here. Each goes to AI Bookkeeper Year-End/[FY]/Statements/ in Drive and is included automatically when you build the package.
At fiscal year end, your books are still cash-basis. To make them ready for the T2 (which is accrual), MNP would normally have to make adjusting journal entries. Log them here instead — invoices outstanding, bills owed, prepaids, accruals — and they post to the 📓 Adjusting Entries tab. This is the difference between MNP doing full prep ($3-5k) and MNP just reviewing your books ($500-1.5k).
📚 Common year-end adjustments — quick guide
Accounts Receivable (AR) — Customer owes you at year-end. You invoiced them but they haven't paid yet. Add the unpaid invoice amount as revenue (since you earned it this year). Log: net + HST positive.
Accounts Payable (AP) — You owe a vendor. Bill arrived but you haven't paid (or service used, bill not yet received). Add the expense to this year. Log: net + HST positive (system treats AP as expense).
Prepaid Expense — You paid for something that covers part of NEXT FY (e.g. annual insurance paid Jan 1 covers 9 months of next year). Reverse the over-paid portion. Log: negative net (defers the expense).
Accrued Expense — You used a service this year but won't be billed until next year (e.g. last month's hydro). Add expense now. Log: net + HST positive.
Accrued Revenue — You did work this year but won't bill until next year. Add revenue now. Log: net + HST positive.
Depreciation (CCA) — This is the annual CCA on fixed assets. Use the CCA tracker (when built); for now log manually if needed.
Creates a fresh Drive folder containing: cover letter, full books snapshot (XLSX), all uploaded statements, copies of CRA receipts for this year, and shortcuts to your expense receipts. Returns a single shareable link you can email to MNP.
Tax Intelligence
Real-time tax position, year-end strategy, and AI advisor — specific to your business.
Based on your business structure. The optimal mix depends on each person's income. Adjust below to model different scenarios.
Ask anything about your tax situation. The AI knows your structure: Ontario corp, family trust, income sprinkling, fiscal year April–March.