Expert Tax Accountants in Martensville

Sign in to CRA My Account and open the tax returns section, which lists your assessed returns, notices of assessment and reassessment, and carry-forward amounts for earlier years. You can also download a proof of income statement, request a copy by phone, or ask whoever prepared the return for you. Keep your own copy and the supporting records for six years from the end of the tax year they relate to.

Saskatchewan's provincial sales tax is 6% for 2026, charged alongside the 5% federal GST for a combined 11% on most goods and many services. Both taxes are applied to the same pre-tax amount, so they do not stack. PST here is a retail sales tax rather than a value-added tax, so a business generally cannot claim it back; relief comes from up-front exemptions such as goods bought for resale.

Most people say tax preparer or accountant. In Canada the work is not reserved to a single title: preparers, bookkeepers, accountants and tax agents all prepare and file returns, and anyone filing more than a set number of returns for payment must use an electronic filer number from the CRA. Some designations are protected titles, so check what a person actually holds. Ask who reviews the return, how the fee is set, and whether CRA follow-up is included.

Income tax on a business is charged on net profit, meaning revenue less reasonable business expenses, not on gross sales. A sole proprietor reports that on the T2125 and a corporation on its T2. Other taxes do not work that way: GST/HST applies to your taxable sales whatever the profit, and payroll remittances follow wages paid. A business loss can usually be applied against other income or carried forward to a later year.

Yes. Rent from a room in your home is taxable and is reported as rental income on your T1. You may deduct a reasonable share of expenses such as utilities, insurance, mortgage interest, property tax and repairs, prorated by the space rented and the part of the year it was rented. Claiming capital cost allowance on the building can put part of your principal residence exemption at risk, so most homeowners do not. Keep receipts six years.

Zero-rated sales are taxable supplies that carry GST/HST at 0%. Basic groceries, prescription drugs, most medical devices, agricultural products and many exports are the common examples. The difference from exempt sales matters: on zero-rated sales you charge no tax but can still claim input tax credits on the GST/HST you paid on related costs, and those sales count toward the $30,000 small-supplier threshold for 2026. Exempt sales give you no input tax credits.

Often, yes. A first return has no filing history behind it, so the CRA may verify your identity, address and date of birth before assessing it, and setting up direct deposit for the first time adds a step. Once assessed, timing matches any other return: about two weeks for one filed online. Opening My Account and registering direct deposit before you file removes most of the delay.

Saskatchewan residents pay federal income tax plus Saskatchewan provincial income tax, filed together on one T1 return, with the provincial share set by its own brackets and credits. Purchases carry federal GST plus the Saskatchewan provincial sales tax, applied separately rather than blended into a harmonised rate, and businesses register for and remit each one separately. Property tax and education levies are billed municipally. Confirm current rates against the latest provincial budget before quoting them.

Yes, indirectly. Provincial assessment authorities value a home from its characteristics, including lot size, living area, age, construction quality, bedrooms and bathrooms, and recent sales of comparable homes nearby. Your municipality then multiplies that assessed value by its rate. So a bigger lot or more finished square footage generally means a higher assessment and a higher bill, while bedroom count alone matters less than total area. Your assessment notice lists the details on record.

Yes, though it happens less often than an increase. A bill falls when your assessed value drops relative to other properties in a reassessment, when an assessment appeal succeeds, when the property class or a recorded feature is corrected, or when council sets a lower rate. Rebates, exemptions and relief programmes for seniors or lower-income owners can also cut the net amount. Compare last year's bill line by line to see which part actually changed.

The refund or balance owing sits in the summary section at the end of the T1, after total credits are set against total tax payable. That is your own calculation, though, not the final word. The amount the CRA actually pays appears on your notice of assessment and in CRA My Account, and it can differ if slips, credits or an older balance changed the result. The notice sets out any change it made.

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.