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Member of the Certified Professional Bookkeepers of Canada
For T1 income tax returns see our Other Services
Welcome to Crimson Enterprises, your small business bookkeeping solution. We specialize in helping new ventures become operational and existing small business owners to concentrate on their business.

We provide full cycle bookkeeping services using Sage 50, onsite at your location or offsite using our facilities.
  We offer:
    New Company Setup
    Accounts Receivable
    Accounts Payable
    General Journal Entries
    Bank Reconciliation
    Organization of Paperwork
  We prepare government remittances:
    GST & PST Returns
    WCB Returns and ROEs
    Payroll Withholding Tax Returns
    Construction T5018 - Statement of Contract Payments
    T-slips and Summaries (T4, T4A, T5)
  We provide financial reporting:
    Balance Sheets
    Income Statements
    Trial Balance
    Aged Receivables
    Aged Payables

Useful Information

Meals and Entertainment
You cannot claim the whole amount you spend on Meals and Entertainment. The Canada Revenue Agency (CRA) allows only 50% to be claimed as an expense. That also applies to the GST.

Mileage Allowance

68¢ per km for 1st 5,000 km
62¢ per km above 5,000 km
2020 & 2021:

59¢ per km for 1st 5,000 km
53¢ per km above 5,000 km

As an attendee, not a participant, you are restricted to two (2) conventions that relate to your business, per year. Expenses for more than two are not allowed.

If you’re not sure if something is a valid expense, think back to when you worked for someone else’s company. Would you have been able to submit an expense claim for the purchase? If you’re still not sure, keep the receipt, mark it with a “?” and discuss it with your bookkeeper.

You must keep your records for at least 6 years. That’s not just your manual or computerized journal entries, but all the receipts and paper backup.

Doing what we do best so that you can do what you do best

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