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Monday 9am - 10:30pm Tuesday 9am - 10:30pm Wednesday 9am - 10:30pm Thursday 9am - 10:30pm Friday 9am - 10:30pm Saturday 9am - 10:30pm Sunday 9am - 10:30pm

Lira Tax & Accounting

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Canada
East York, ON
Lira Tax & Accounting

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We provide reliable tax and accounting services for individuals and businesses.

From tax filing to bookkeeping and financial advice, we help you stay organized, compliant, and focused on your financia

11/05/2026

Why an Expert Matters for Unfiled Back-Tax 🇨🇦

Haven't filed in years? Here's why doing it with an expert changes everything:

1️⃣ Penalties grow every day — 5% + 1%/month up to 12 months on a balance owing, plus daily compound interest. An expert files fast and right, stopping the clock.
2️⃣ Voluntary Disclosure can wipe out penalties — but only if done exactly right. One mistake can cost the relief.
3️⃣ Don't let the CRA assess you blind — left alone, the CRA can assess you without your deductions and credits.
4️⃣ Relief and payment plans, done right — taxpayer relief and payment arrangements, asked the right way.
5️⃣ We deal with the CRA for you — across every missing year, so refunds and benefits come back and the file finally closes.

Every situation is different — book a free consultation to see what applies to yours.

Book a free consultation: (437) 421-7171 • liratax.ca
Toronto • Scarborough • Guelph • Calgary, and online across Canada.

11/04/2026

Best Tax Savings for Business Owners in Canada 💰

5 ways Canadian business owners keep more:

1️⃣ Incorporate + claim the Small Business Deduction — qualifying CCPCs pay just 9% federal tax on the first $500,000 of active business income (vs 15% general rate).
2️⃣ Pay yourself smart — balance salary and dividends. Salary builds RRSP room and CPP; dividends can be tax-efficient. The right mix depends on your income.
3️⃣ Claim every deduction — home office, vehicle logbook, meals (50%), equipment, capital cost allowance. Keep receipts.
4️⃣ Shelter your savings — RRSP contributions cut taxable income; TFSA growth is tax-free. Use both.
5️⃣ Plan year-end, keep clean books — time income and expenses, claim GST/HST input tax credits, file on time.

Every business is different — book a free consultation to see what applies to yours.

Book a free consultation: (437) 421-7171 • liratax.ca
Toronto • Scarborough • Guelph • Calgary, and online across Canada.

11/04/2026

Haven't Filed in Years? Here's How to Fix It. 📋

1️⃣ Gather your slips — T4s, T5s, business records, for every missing year.
2️⃣ File every missing year — the CRA accepts late returns, and filing stops the penalty clock even if you can't pay in full.
3️⃣ Know the cost of waiting — 5% + 1%/month up to 12 months on a balance owing, plus daily compound interest.
4️⃣ Ask about the Voluntary Disclosures Program — come forward before the CRA contacts you. Unprompted cases can normally get 100% penalty relief and 75% interest relief. Tax still payable.
5️⃣ Don't wait for a CRA assessment — the CRA can assess you without your deductions and credits.

Owe nothing? No late-filing penalty — but refunds and benefits are held until you file.

Every situation is different — book a free consultation to see what applies to yours.

Book a free consultation: (437) 421-7171 • liratax.ca
Toronto • Scarborough • Guelph • Calgary, and online across Canada.

11/02/2026

🗓️ Due Today — Monday, Nov 2: Three CRA Deadlines Land the Same Day.

Oct 31 was a Saturday, so all three rolled to today, Monday, Nov 2. Today's the day — get them sorted:

1️⃣ Corporate tax instalment — due if your corporation owes $3,000+ in tax. Miss or underpay and instalment interest runs from the due date.
2️⃣ T2 return — for an April 30 year-end, the return is due Nov 2. The balance itself was due June 30, or July 31 for an eligible CCPC — interest is already running if it's unpaid.
3️⃣ Q3 GST/HST — July–September return and payment due Nov 2. File even with zero sales.

✅ Check My Business Account for amounts owed
✅ Confirm your fiscal year-end
✅ Reconcile Q3 sales and ITC invoices

Not sure which of the three apply to you? That's a one-minute check for us.

📞 Book your FREE consultation: (437) 421-7171
🌐 liratax.ca
📍 Toronto • Scarborough • Guelph • Calgary — plus 100% online across Canada

11/01/2026

Bigger Payroll? Your Date Isn't Nov 16. 📅

If you're a Threshold 1 accelerated remitter, your October payroll doesn't follow the regular remitter date.

Threshold 1 means your average monthly withholding amount (AMWA) was $25,000 to $99,999.99 two calendar years ago — 2024 for 2026. Accelerated remitters remit source deductions TWICE a month: pay in the first 15 days is due by the 25th of the same month, and pay from the 16th to month-end is due by the 10th of the next month.

So for October 2026 pay dates Oct 16–31, your remittance is due Tuesday, November 10, 2026 — not Nov 16.

The trap: assuming the regular date applies to every employer. It doesn't. Your remitter type is CRA-assigned, so check it in CRA My Business Account. Late remittances attract graduated penalties plus interest.

Book a free consultation: (437) 421-7171 • liratax.ca
Toronto • Scarborough • Guelph • Calgary, and online across Canada.

Address

3000 Danforth Avenue
East York, ON
M4C1M7

Opening Hours

Monday	9am - 10:30pm
Tuesday	9am - 10:30pm
Wednesday	9am - 10:30pm
Thursday	9am - 10:30pm
Friday	9am - 10:30pm
Saturday	9am - 10:30pm
Sunday	9am - 10:30pm

Telephone

+14374217171

Website

https://liratax.ca/

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