Tax Accountants in Saskatchewan

CRA online filing for 2025 returns opened 23 February 2026 and closes 29 January 2027. Most people file between late February and the 30 April 2026 deadline, and that stretch is what tax season refers to. You can gather documents and prepare a return earlier, but it cannot be sent electronically before the system opens. Employment and investment slips such as T4 and T5 are issued by payers early in the year, and the CRA's Auto-fill service can pull the ones it already holds once you have set up My Account.

Most municipalities do not take credit cards for property tax directly. They accept pre-authorised debit, online or telephone banking, cheque, and in-person payment. Third-party payment processors will charge a property tax bill to a card for a service fee, which normally costs more than the rewards earned. The CRA works the same way for income tax and GST/HST: no direct card payment, but authorised third-party providers accept cards for a fee.

For 2026 employees outside Quebec pay Employment Insurance premiums at 1.63% of insurable earnings, up to maximum insurable earnings of $68,900, giving a maximum employee premium of $1,123.07. Quebec employees pay a reduced 1.30%, capped at $895.70, because the province runs its own parental insurance plan. Employers pay 1.4 times the employee amount unless they qualify for a reduced rate. Premiums stop once the annual cap is reached.

Divide the total by one plus the rate. At Ontario's 13% in 2026, a $113 tax-included total is $113 divided by 1.13, or $100 before tax and $13 of HST. Use 1.14 in Nova Scotia, 1.15 in New Brunswick, Newfoundland and Labrador and Prince Edward Island, and 1.05 where only the 5% GST applies. Multiplying the total by 13 over 113 gives the Ontario tax directly.

Land transfer tax is a one-off charge on buying real estate, set by the province and, in Toronto, by the city as well, and paid once when the transfer is registered. Property tax is an annual charge set by your municipality on the assessed value of property you already own, and it pays for local services. Different level of government, different trigger: one is a purchase tax, the other a recurring bill.

It can. Property tax follows assessed value, and a shed, deck, finished basement or addition that adds usable space or quality usually raises the assessment at the next valuation. Provincial assessment authorities pick up permitted work through building permit data, then your municipality applies its own rate to the new value. Property tax is municipal, not a CRA matter, so ask your municipality and read your assessment notice before you build.

Saskatchewan charges 6% provincial sales tax on top of the 5% federal GST for 2026, so 11% combined on a taxable sale. The province is not harmonised, so each tax has its own registration, return and remittance schedule: the CRA for GST, Saskatchewan for PST. The provincial base differs from GST and reaches items GST treats differently, including certain insurance contracts, and provincial tax paid on business purchases is usually a cost rather than a recoverable credit.

Holding a share outright cannot leave you owing money. The worst outcome is that it becomes worthless. You can end up owing money if you bought on margin, sold short, or invested with borrowed funds, because the debt survives the loss. On the tax side, a fall in value creates nothing to report; a loss only crystallises when you dispose of the shares, and a capital loss is applied against capital gains rather than against ordinary income.

Because two different governments administer the two taxes. In British Columbia, Saskatchewan and Manitoba the CRA collects the 5% federal GST (the rate since 1 January 2008 and unchanged for both the 2025 and 2026 years) while the province collects its own PST or RST, each with a separate registration, filing frequency and deadline. Quebec is the exception: Revenu Quebec administers the 9.975% QST (the rate since 1 January 2013, current for 2025 and 2026) and also the GST for most Quebec-resident registrants, so they file one combined return.

Federal personal income tax arrived in 1917, when the Income War Tax Act was passed as a temporary measure to help finance the First World War. It reached only a small number of high earners at first, and although it was passed as a temporary wartime measure the tax was never withdrawn: the Income War Tax Act was replaced by a new Income Tax Act after the Second World War, and today's Act descends from that line. A federal tax on business profits had been introduced the year before, and the personal system broadened steadily over the following decades as rates, credits and withholding were added.