IIAS

Financial Services | Accounting | Tax | Payroll | Bookkeeping Services

06/01/2026

Happy New Month, Guys!

Let's crush those goals this month 😎

05/31/2026

What’s the biggest tax misconception you’ve heard?

This one stops people from accepting raises and we want to help clear things up.

In Canada, there are multiple tax brackets (5 at the federal level!), and moving into a higher one doesn’t mean all your income gets taxed more.

Follow us for more tips!

05/27/2026

The Canadian Government announced a one-time GST/HST credit top-up dropping into bank accounts on June 5, 2026. This is a massive transition ahead of the new Canada Groceries and Essentials Benefit coming this July.

If you are eligible for the GST/HST credit, keep a close eye on your phone next week. On June 5, 2026, the CRA is rolling out a special one-time top-up payment to help families manage day-to-day essential costs.

This special payment marks the transition into the brand-new Canada Groceries and Essentials Benefit launching this July.

Important Note: To secure these increased quarterly payments moving forward, your 2025 tax return must be filed and assessed. If you haven't filed yet or need to resolve an issue on your CRA My Account, let’s get it sorted today so you don't miss out! 📲🇨🇦

Send a DM to get started!

05/21/2026

The Canada Groceries and Essentials Benefit is coming soon!

➡️ June 5th: If entitled, you’ll get an extra one-time payment of 50% of your 2025/26 annual GST/HST credit amount. You may still see this payment shown as the “GST/HST credit” in your account.
➡️ July 3rd: There will be a 25% increase to the quarterly payments. As of July, the payments will be referred to as Canada Groceries and Essentials Benefit.

Send us a DM to learn more 😇

05/18/2026

Big goals start with small moves. 🏡💰

If owning a home is on your vision board, the FHSA can help you get there sooner. Start early, save smart, and let your money work for you.

05/14/2026

Do you run a small or medium business?

The Canada Carbon Rebate for Small Businesses is now non-taxable for all fuel charge years.

Here’s what you need to know:
1. If you filed your T2 return before June 30th, 2025, and your rebate was clearly reported on Line 295 of Schedule 1, they adjust your tax return automatically. No further action needed from you!

2. If you filed your T2 return after June 30th, 2025, and included the rebate in your taxable income, you will need to submit an adjustment request.

Need help? Send a DM today!

05/12/2026

While the April 30th rush is over for most, our self-employed community is still in the home stretch! 🇨🇦

If you or your spouse are self-employed, you have until June 15th to file your returns. However, remember that any taxes owing were technically due on April 30th, meaning CRA interest is already accruing on unpaid balances.

Don't wait until June 14th to scramble through your receipts. Let’s get your filing done now so you can focus on growing your business for the rest of the year. 📈

05/10/2026

Happy Mother’s Day to our CEO Itohan Okoebor-igbina🥂

Behind every successful tax season at IIAS is a woman who knows exactly what it means to multitask, plan for the future, and take care of the details that matter most.

Being a mother and a business owner means wearing many hats, and today we tip ours to the woman who wears them all so well. We are so proud to be led by someone who leads with both her head and her heart.

To all the mothers in our community: Thank you for all the "invisible" work you do to keep families and businesses running smoothly. You are the real MVPs! 🌸👑

05/08/2026

That "Just Checked My Tax Refund" Feeling! ✨

There’s nothing quite like the notification that your refund has been deposited. Whether you’re planning a weekend getaway, padding your savings, or finally buying that item you’ve had your eye on, a well-planned tax return makes it possible.

Our goal isn’t just to file your taxes, it’s to ensure you keep more of what you earn through smart deductions and credits.

Did your refund put a smile on your face this year? Let us know in the comments! 👇

05/06/2026

Great bookkeeping doesn’t happen once a year in April. It’s a year-round habit.

If you want a healthy, thriving business, these three tasks are non-negotiable every single month:

1. Reconcile Your Bank Accounts: Match your software records to your actual bank statements to catch errors or missing transactions instantly.

2. Review Accounts Receivable: Who owes you money? Follow up on unpaid invoices before they become bad debt.

3. Set Aside Tax Money: Review your monthly profit and set aside the appropriate percentage for income tax and HST/GST so you are never caught off guard.

We manage the monthly financials so you don't have to.

Contact us today to streamline your monthly accounting process! 🇨🇦✨

Address

3 Esker Run
Guelph, ON
N1E7C9

Website

http://www.iiaservices.ca/

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