IKON Financial Group

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IKON Financial Group Helping Businesses Simplify Their Finances
Accounting • Bookkeeping • Tax
📍 Based in BC & AB • 🇨🇦 Serving Clients Nationwide

The OAS clawback starts at $95,323 of income for 2026, even if your income is usually lower.One big year is what catches...
10/22/2026

The OAS clawback starts at $95,323 of income for 2026, even if your income is usually lower.

One big year is what catches most people. Take $20,000 out of your RRIF for a car on top of $93,000 of regular income, and roughly $2,650 of your OAS goes back, on top of regular tax.

Above the line, you repay 15 cents of OAS for every extra dollar, until it's fully gone at around $155,000 for ages 65 to 74. And $1,000 of eligible dividends counts as $1,380, so dividends push you toward the line faster.

A few things that help:
1. Fund big purchases from your TFSA. Withdrawals don't count as income.
2. Spread large sales or withdrawals across tax years.
3. Review pension income splitting every year.

This came from Suraj's retirement tax session at The Journey Club in Calgary this week. Thank you to everyone who came.

General information only, not tax advice. Your situation may differ.



Close to the line? Book a retirement tax review. Link in bio.

77 days left in 2026. These six tax moves have a hard December 31 deadline. Miss one and it waits a full year.1. Plan TF...
10/15/2026

77 days left in 2026. These six tax moves have a hard December 31 deadline. Miss one and it waits a full year.

1. Plan TFSA withdrawals before Dec 31
2. Top up your FHSA by Dec 31
3. Sell losing investments by Wed, Dec 30
4. Give to registered charities by Dec 31
5. Put new business equipment to work before your year-end (proposed rule)
6. Set your 2026 salary and dividend mix

Screenshot the checklist on the last slide.

General information only, not tax advice. Your situation may differ.



Book a year-end planning call. Link in bio.

Happy Thanksgiving from all of us at IKON.To our clients: thank you for trusting us with your business and your books. T...
10/12/2026

Happy Thanksgiving from all of us at IKON.

To our clients: thank you for trusting us with your business and your books. To our team and partners: thank you for the work behind every filing. And to the communities we’re part of in Calgary, Edmonton and Kelowna: thank you for making this a great place to build something.

Enjoy the long weekend with the people who matter.

10/09/2026

Think Alberta always pays less tax? Not in 2026.

On $100,000, BC takes $1,052 less provincial income tax than Alberta. BC pays less from about $45,000 up to $150,000. Past that, Alberta wins, and at $300,000 it’s $6,054 cheaper.

The twist: Alberta has no PST. Spend about $15,000 a year on taxable purchases in BC and BC’s edge at $100k is gone.

Own a business? Your corporation pays 11% on the first $500K in both, so how you pay yourself decides who comes out ahead.

Team BC or Team Alberta? Somewhere else? Comment your province.

Not sure which wins for you? Book a call: ikonfinancialgroup.ca

Illustrative: 2026 provincial income tax, single filer, basic personal amount only. Federal tax is the same in both. General information, not tax advice.

10/07/2026

$45,000 of teeth whitening. $2,250 in GST that should have been charged. (Illustrative.)

Most health care in Canada is GST-exempt, but not all of it. Cosmetic work like whitening, cosmetic Botox and liposuction is taxable. So are exams done for a third party: insurance medicals, legal assessments, pre-employment medicals.

Once taxable sales pass $30,000 over four consecutive quarters, you have to register and start charging GST. And exempt work has its own cost: you can't claim back the GST on related expenses, so mixed practices have to split their credits.

The Field · Ep. 03 · Medical & Dental. GST is 5% in Alberta and BC (2026). General information, not tax advice.

Not sure which side your services fall on? Book a call. Link in bio.

Fifty seats, three hours, and a room full of Okanagan small business owners.Thank you to everyone who came out to our Sm...
10/07/2026

Fifty seats, three hours, and a room full of Okanagan small business owners.

Thank you to everyone who came out to our Small Business Speed Networking night at Grizzli Winery in West Kelowna. The IKON team was in it all night — new connections, good w**e, and a lot of conversations that are still going.

Thanks to **ery for hosting and and Balzor Singh for partnering with us on the evening.

We’re doing this again. Follow along so you don’t miss the next one. 🍷

KelownaBusiness GrizzliWinery IKONFinancialGroup

Buying equipment before December 31? The federal government has proposed letting businesses write off 100% of most new a...
10/01/2026

Buying equipment before December 31? The federal government has proposed letting businesses write off 100% of most new assets acquired on or after September 15, 2026, in the year they're put to use.

On $100,000 of equipment, that's a $100,000 deduction this year instead of $30,000. Swipe for who it helps, what's excluded, and the catches for sole proprietors.

It's draft legislation, not law yet. What are you planning to buy this year? Tell us in the comments, or book a call through the link in our bio.

09/01/2026

Fifty seats at Grizzli Winery, and a format that means you actually meet the room.
Small Business Speed Networking is timed conversations, one after another. You sit down with one person, you talk, time runs out, everyone moves. Three hours, and you leave having met most of the room instead of the three people nearest the door.
Friday 11 September, 5 to 8pm, Grizzli Winery in West Kelowna. Free to attend, and registration closes when the fifty seats are gone.
Hosted by IKON Financial Group. Venue by Grizzli Winery .
Register — link in bio.

08/25/2026

How many new business connections can you make in one hour?
Three minutes across the table from someone. Introduce yourselves, talk about what you do, exchange contact information. When the time is up, one side moves over and the next conversation begins — approximately 20 rounds in a single hour.
Friday, September 11, 2026 · 5:00–8:00 p.m. · Grizzli Winery, West Kelowna
Admission free with registration. Attendance is limited to 50 people.
Food and beverages available for purchase from the w**ery. Three door prizes on the night, including a free corporate tax return prepared by IKON Financial Group, valued at up to $1,000 — conditions on the listing.
Bring your business cards. We’ll take care of the introductions.
🔗 Register free — link in bio.

Nobody grabs their tax file on the way out the door.And that’s fine — a missed CRA deadline is one of the more fixable t...
08/19/2026

Nobody grabs their tax file on the way out the door.

And that’s fine — a missed CRA deadline is one of the more fixable things on the list right now. Relief from penalties and interest exists precisely for circumstances like an evacuation. It just isn’t the phone call most people assume it is: it’s a written request, it takes months, and what decides it is documentation.

Which means the useful thing you can do this week costs nothing. Save the evacuation order notice. Screenshot your ESS registration. Note the dates you were out of your home. That’s the evidence, and it’s much harder to reconstruct in March.

Swipe through for the full picture, including the three calls that are worth making today.

If you’ve been affected, our door is open — send us a message.

Information only, not advice for a specific situation.

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Calgary, AB

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