CASA Tax & Accounting

CASA Tax & Accounting CA Suvash Acharya - Remember us for Bookkeeping, Accounting, Tax Filing, Payroll, GST/HST and other CRA Compliances

CPP and OAS(Old Age Security) payments coming tomorrow - August 17th.
08/27/2026

CPP and OAS(Old Age Security) payments coming tomorrow - August 17th.

Did you or are you moving > 40KM in 2026?
08/25/2026

Did you or are you moving > 40KM in 2026?

Non reporting of income to CRA - leads to penalty. Better file taxes accurately once you gather everything you need. ...
08/23/2026

Non reporting of income to CRA - leads to penalty. Better file taxes accurately once you gather everything you need.

PSW tax credit
08/19/2026

PSW tax credit

08/18/2026

Canada Child Benefit - August 20/2026

08/17/2026

Sorry to say we aren’t winning anymore.

08/16/2026

You are allowed to do tax planning within the limits of laws and provisions, but not beyond the rules.

HST Registration requirement.
08/16/2026

HST Registration requirement.

Around 5% of Canadians actually receive the maximum CPP retirement pension.If you want a realistic estimate of your futu...
08/14/2026

Around 5% of Canadians actually receive the maximum CPP retirement pension.
If you want a realistic estimate of your future CPP income, your Statement of Contributions is one of the best places to start.
Here’s where retirement planning can go wrong: a Canadian couple could overestimate their retirement income by more than $15,000 a year based on one seemingly harmless spreadsheet assumption.
At age 65, the maximum CPP retirement pension is $1,507.65 per month.
But the average monthly amount for someone newly starting CPP at 65 is $877.01.
That creates a significant gap:
$630.64 per month
$7,567.68 per year
$15,135.36 per year for a couple
The key point? The maximum CPP is not the typical payment. It represents the upper limit.
What you actually receive depends on several factors, including how much you earned throughout your career, how many years you contributed, and the age at which you start taking CPP. Career interruptions, lower-income periods, self-employment decisions and starting CPP before 65 can all affect your final amount.
That doesn’t make CPP any less valuable. It remains an important source of lifetime, inflation-protected retirement income.
Just make sure your retirement plan is based on your actual CPP estimate, rather than assuming you’ll receive the maximum.
Because when it comes to retirement planning, optimism is not a calculation

05/10/2026

Why is Quebec different in terms of taxation.

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