Frequently Asked Questions

Answers to Your Most Asked Questions

Your accounts are managed by our team of experienced professionals who understand the nuances of Canadian tax laws and bookkeeping best practices.

Absolutely! We specialize in bookkeeping for small businesses, using reliable software like QuickBooks and Sage 50 and Xero to keep your financials accurate and up-to-date.

We work with a variety of industries including construction, real estate, trucking, marketing agency, framing, construction retail, professional services, and e-commerce.

Yes, we provide comprehensive payroll services including pay runs, tax remittances, and year-end reporting.

QuickBooks is widely considered the best bookkeeping program for small businesses. It’s user-friendly and supports invoicing, expense tracking, and financial reports. For expert help, WIO Accounting in Surrey offers trusted small business bookkeeping services near me.

Yes, bookkeepers can help prepare and file taxes if they’re qualified and experienced. At WIO Accounting in Surrey, we offer professional bookkeeping and tax services. Searching for bookkeeping and tax services near me? Our tax bookkeeping ensures accuracy and compliance.

The double-entry method of bookkeeping records every transaction in two accounts—debits and credits—to keep financials balanced. This system ensures accuracy and accountability. WIO Accounting in Surrey uses reliable double entry bookkeeping for every bookkeeping entry we manage.

The bookkeeping process in accounting involves recording, classifying, and organizing financial transactions. It ensures accurate financial reporting and compliance. WIO Accounting in Surrey provides expert bookkeeping and accounting services. Looking for bookkeeping and accounting services near me? We're here to help.

The cost of bookkeeping services in Canada typically ranges from $25 to $75 per hour, depending on experience and business needs. At WIO Accounting in Surrey, we offer affordable bookkeeping costs for small business with transparent pricing to fit your budget.

The easiest way for a small business to handle payroll is by using professional payroll services for small business. If you're in Surrey, trusted providers like WIO Accounting offer accurate, compliant, and stress-free payroll solutions. Search small business payroll services near me to get started.

The best way to pay employees in a small business is by partnering with trusted payroll companies. In Surrey, small business payroll companies near you like WIO Accounting ensure timely payments, tax compliance, and hassle-free payroll management tailored to your business needs.

To know if your payroll provider is right for your business, check for accuracy, CRA compliance, timely filings, and responsive support. In Surrey, trusted payroll providers for small businesses like WIO Accounting offer reliable, customized payroll solutions that grow with your business.

A payroll processing company handles employee payments, tax deductions, government filings, and year-end reports. If you're in Surrey, search payroll processing companies near me like WIO Accounting for efficient, CRA-compliant payroll services tailored to small business needs.

The cost of payroll services for small business depends on factors like business size, payroll frequency, and service features. In Surrey, trusted payroll service providers near me like WIO Accounting offer efficient, customized solutions to simplify payroll and ensure compliance.

To register a business online in Canada, visit your provincial or federal government website. For Surrey businesses, Quick Leadz simplifies business registration online, including name search and application. We help you register your business name online quickly and accurately.

You can operate a business under your personal name in BC without registration. However, for any other name or legal structure, registration is required. Need help with registering a business? WIO Accounting in Surrey can guide you through the process.

Registering a business in Canada typically takes a few hours to a few days, depending on the province and structure. If you're in Surrey and asking, “How do I register my business name?”—WIO Accounting can help you register your business name fast and hassle-free.

If your business is registered to operate across Canada, it’s a federal business registration. If it’s limited to one province like BC, it’s a provincial business name registration. WIO Accounting in Surrey can help you confirm and register the right way.

Yes, there is a fee to pay for business registration online in Canada. Costs vary by province and business type. WIO Accounting in Surrey can guide you through the process and help you register your business accurately and affordably.

To get a federal business number in Canada, register your business through the Government of Canada’s online portal. Once registered, you’ll receive a unique federal business number for tax and regulatory purposes. Need help? WIO Accounting in Surrey offers expert federal business registration services.

Bookkeeping services in Surrey include managing income, expenses, bank reconciliations, invoicing, payroll records, and financial reporting. At WIO Accounting, we offer complete bookkeeping services in Surrey for small to mid-sized businesses.

Bookkeeping costs in Surrey vary based on business size and service scope, typically ranging from $200 to $800 monthly. WIO Accounting offers affordable bookkeeping services in Surrey tailored to your needs.

Yes, you can hire a part-time bookkeeper in Surrey to manage financial records on a flexible schedule. WIO Accounting offers both full-time and part-time bookkeeping services in Surrey.

Bookkeeping tracks daily financial transactions, while accounting involves analyzing and reporting financial data. WIO Accounting in Surrey offers both bookkeeping and accounting services for comprehensive financial management.

Yes, WIO Accounting provides access to experienced and certified bookkeepers near you in Surrey. We ensure accurate and CRA-compliant recordkeeping for your business.

Bookkeeping helps Surrey small businesses stay compliant, track cash flow, and make informed decisions. WIO Accounting’s bookkeeping services in Surrey simplify your financial management.

Surrey bookkeepers commonly use QuickBooks, Xero, and Wave. At WIO Accounting, we use the latest bookkeeping software to ensure accurate and efficient financial tracking.

Yes, most bookkeepers, including WIO Accounting in Surrey, handle GST calculations, remittances, and support tax filing for businesses to stay CRA-compliant.

Look for experience, reviews, certifications, and software expertise. WIO Accounting is a trusted provider of bookkeeping services in Surrey, offering transparent pricing and reliable service.

Yes, outsourcing saves time and ensures accuracy. WIO Accounting offers professional outsourced bookkeeping services in Surrey so you can focus on growing your business.

To open a CRA account, visit the CRA login page and select “CRA My Account.” Register using your SIN and personal tax info. You’ll receive a security code by mail.

Tax refunds in Canada usually take 8–10 business days with direct deposit or 2–4 weeks by mail after CRA processes your return. Delays can happen due to errors or verification.

Canada’s federal income tax ranges from 15% to 33%, with additional provincial tax. In BC, total tax can range from 20% to over 50% depending on your income.

To calculate net income, subtract deductions (like RRSP, CPP, EI, expenses) from total income. Net income determines your tax payable and eligibility for benefits.

To avoid capital gains tax, designate the property as your principal residence. This exempts the gain from tax upon sale. Other strategies require planning with a tax professional.

You can expect your tax refund in 8–10 business days if filed online with direct deposit. Paper returns may take several weeks.

Visit the CRA website and register for “CRA My Account” using your SIN and tax info. You’ll get a mail code to activate the account.

To get an HST number, register your business with CRA through their online portal or call CRA directly. You'll need your business number (BN) first.

Log in to CRA My Account and update your address under “Profile.” You can also call CRA or submit the RC325 form by mail.

Access your ROE through your My Service Canada Account. Employers also submit it directly to Service Canada, where it’s available online.

Capital gains tax is 50% of the profit added to your income. Subtract the purchase price and eligible expenses from the sale price to find the gain.

Keep your tax records for at least 6 years in Canada, starting from the end of the tax year. CRA may request them anytime during this period.

In BC, 50% of your capital gain is taxable. The actual tax depends on your income bracket. High-income earners pay more.

We work across multiple industries, including almost all industries. Many of our Vancouver clients are in Trucking, Medical Courier, Marketing Firm, Roofing Company, Framing Company, Restoration Company, Salon, Esso Gas Station, Restaurant and many other , and we bring proven expertise to each project.

Most Vancouver projects are completed within 24–48 hours. We prioritize local clients and often deliver even faster for urgent requests.

Absolutely! WIO proudly serves Vancouver, BC, including Downtown, Kitsilano, Mount Pleasant, and nearby neighborhoods. We can meet you on-site or work remotely depending on your needs.

Yes, we manage payroll services for Surrey businesses of all sizes, from employee salary calculations to CRA remittances.

Absolutely. We handle GST filing for Surrey-based businesses, ensuring compliance with CRA requirements and accurate submissions every time.

Yes, Wio Accounting & Tax Services provides expert corporate tax preparation for Surrey businesses, including small companies, startups, and established enterprises. We also serve nearby areas like Delta, White Rock, and Langley.

Packages start as low as $250/month for basic services and can scale up depending on your needs. Our WIO Accounting monthly bookkeeping plans for Surrey, Abbotsford, and Maple Ridge include bookkeeping, payroll processing, GST/HST filing, and monthly financial reports—giving you predictable costs and no year-end surprises.

To create a CRA (Canada Revenue Agency) My Account, visit the CRA website and click “CRA Register.” You’ll need:

  • Your Social Insurance Number (SIN)

  • Date of birth

  • Current postal code

  • Information from a recent tax return

Once registered, the CRA will mail you a security code to complete setup. If you are a new taxpayer, setting up your CRA account early ensures faster access to tax records, GST/HST filings, and benefit payments.
At Wio Accounting in Surrey, BC, our accountants can guide you through every step of CRA registration so you avoid common errors that lead to account lockouts.

Registration is done online through the CRA My Account portal. You’ll verify your identity and create secure login credentials. If you run a small business in Surrey, you may also need a CRA My Business Account to manage payroll, GST, and corporate taxes.
Wio Accounting offers CRA account setup services so Surrey residents and business owners can quickly access their tax information, file returns, and track benefits without the frustration of rejected applications.

Sign in at the CRA My Account page using either:

  1. Your CRA user ID and password, or

  2. Your online banking sign-in partner (Sign-In Partner Login)

For security, always log out after each session and avoid public Wi-Fi. If you’ve forgotten your credentials or your account has been suspended, Wio Accounting can help you reset access and avoid tax filing delays.

A CRA account lock can happen due to multiple failed logins, expired security codes, or suspicious activity. To unlock it:

  • Call CRA at 1-800-959-8281 (for individuals) or 1-800-959-5525 (for businesses)

  • Verify your identity

  • Request a new security code if needed

At Wio Accounting, we regularly assist Surrey clients in unlocking CRA accounts so they can file taxes, view benefit payments, and stay compliant without unnecessary penalties.

Once your CRA account is set up, visit the CRA My Account login page, sign in, and navigate to sections like “Tax Returns,” “Benefits and Credits,” or “Account Balances.”
Our tax accountants in Surrey can help you interpret CRA data, prepare returns, and make sure you’re claiming all eligible deductions.

Absolutely. We provide full corporate tax services, including year-end financial statements, T2 corporate returns, tax planning, and CRA audit support. Our corporate clients range from construction companies to professional service firms.

Yes. We prepare and file GST/HST returns for small businesses, ensuring compliance and avoiding penalties. Whether you file quarterly or annually, Wio Accounting keeps your records up to date and your submissions on time.

Yes, our experienced professionals assist individuals with personal tax preparation to ensure you get the maximum refund while staying compliant.

Yes, we assist clients with business registration at the provincial and federal level, making sure your company is set up correctly from the start.

Our experienced professionals follow thorough review processes and use trusted software to ensure every detail is accurate and compliant with current regulations.

We combine personalized service with deep local knowledge and years of experience, providing practical advice and clear communication tailored to your unique business needs

Changing a provincial corporation to a federal one requires incorporating federally and managing the necessary legal steps, such as dissolving the provincial entity. WIO Accounting in Surrey specializes in the provincial registration of federal business corporations and ensures a seamless transition.

Incorporating federally offers nationwide name protection and broader business reach, while provincial incorporation is ideal for businesses operating in one province. WIO Accounting in Surrey helps you decide and handles the entire process, whether you choose federal business incorporation or want to incorporate a federal company.

Federal corporation registration in Canada costs $200 when filed online with Corporations Canada. Additional fees may apply for provincial registration or professional help. WIO Accounting in Surrey can guide you through the federal corporation registration fee and ensure a smooth incorporation process for your business.

Changing a provincial corporation to federal involves incorporating a new federal corporation, then dissolving or amalgamating the provincial one. This ensures compliance and nationwide recognition. WIO Accounting in Surrey helps you register a federal corporation and manage the entire federal corporation registration process seamlessly.

Businesses in Canada must file their annual corporate tax return within six months after the end of their fiscal year. It's important to prepare your annual income tax return for business on time to avoid penalties. WIO Accounting in Surrey can help you file accurately.

You don't legally need a CPA to file corporate taxes in Canada, but hiring one ensures accuracy, compliance, and tax-saving strategies. Looking for help? Search small business CPA near me or corporate CPA near me—WIO Accounting in Surrey offers expert support.

Top tax software for small business owners includes QuickBooks, TurboTax Business, and Wave. These tools simplify small business tax filing online. For personalized help, search small business tax preparation near me—WIO Accounting in Surrey offers expert guidance and support.

Yes, having an accountant helps manage small business accounting and tax efficiently, ensuring compliance and maximizing deductions. If you're in Surrey, search corporate tax accountant near me to find trusted professionals like WIO Accounting for reliable support.

Filing a corporate income tax return in Canada can cost between $850 to $3,000, depending on business size and complexity. Professional corporate tax accountants like WIO Accounting in Surrey provide accurate, CRA-compliant filings tailored to your needs. Contact us for a quote today.

Filing GST involves calculating collected taxes, subtracting input tax credits, and submitting a return through CRA’s online portal. WIO Accounting in Surrey simplifies the process. For reliable GST filing near me, our team ensures accurate and timely submissions.

Small businesses must file GST monthly, quarterly, or annually based on their CRA-assigned reporting period. Missing deadlines may result in penalties. WIO Accounting in Surrey provides expert support in filing GST for small business to keep you compliant and stress-free.

The deadline for filing the GST annual return is June 30th of the following fiscal year. WIO Accounting in Surrey offers GST return filing online to help you file accurately and on time. Search GST filing online to get started.

Small businesses with taxable sales under CAD 30,000 in a single calendar quarter or over four consecutive quarters remain exempt from mandatory GST registration. WIO Accounting in Surrey can assist with GST registration for small business and GST return for small business.

GST returns must be filed monthly, quarterly, or annually, depending on your CRA-assigned reporting period. WIO Accounting in Surrey helps you navigate the GST registration process and ensure timely filings. Search online GST registration near me to get expert support.

Personal tax return fees in Canada typically range from $80 to $250, depending on complexity. WIO Accounting in Surrey offers affordable services with expert guidance. Search personal income tax accountants near me to find a trusted personal taxes accountant today.

Personal tax filing is the process of reporting your annual income, deductions, and credits to the CRA to determine taxes owed or refunds due. WIO Accounting in Surrey offers reliable personal tax filing services to ensure accuracy and compliance.

Look for a certified tax professional with experience, client reviews, and clear communication. WIO Accounting in Surrey offers trusted expertise for individuals and businesses. Search income tax advisor near me to connect with a reliable advisor for your needs.

A personal income tax return in Canada reports your annual earnings, deductions, and credits to the CRA to calculate tax owed or refunds. WIO Accounting in Surrey helps you file personal tax return accurately and on time for maximum benefits.

Anyone earning income, receiving benefits, or owing taxes in Canada should file a personal tax return. Even with no income, filing may unlock credits. WIO Accounting in Surrey offers expert help—search income tax accountants near me for trusted support.

Payroll services in Surrey include calculating wages, deductions, direct deposit setup, T4 preparation, and CRA remittances. WIO Accounting offers full-service payroll solutions in Surrey for businesses of all sizes.

Outsourced payroll in Surrey typically costs $20–$50 per employee monthly. At WIO Accounting, we provide affordable payroll services in Surrey tailored to your business size and needs.

Yes, payroll services help Surrey small businesses stay compliant and reduce administrative stress. WIO Accounting offers simple, accurate, and scalable payroll solutions for small businesses in Surrey.

Yes, reputable providers like WIO Accounting in Surrey ensure all payroll services follow CRA guidelines for deductions, filings, and remittances.

WIO Accounting is a trusted provider of reliable and affordable payroll services near you in Surrey, helping businesses stay compliant and on time with every pay run.

Yes, payroll providers like WIO Accounting in Surrey manage all tax deductions, CPP, EI, and CRA remittances to ensure full compliance.

Choose a company with transparent pricing, CRA compliance, and great reviews. WIO Accounting is a leading payroll company in Surrey offering accurate and dependable service.

Yes, with WIO Accounting’s payroll services in Surrey, you can fully automate payroll processing, direct deposits, and reporting—saving time and reducing errors.

In-house payroll requires manual work and software; outsourced payroll, like WIO Accounting’s services in Surrey, handles everything for you—saving time and ensuring compliance.

Yes, most Surrey payroll providers, including WIO Accounting, offer secure direct deposit solutions as part of their payroll services.

A business name registration gives you a trade name, while incorporation creates a legal entity. WIO Accounting helps with both business name registration and incorporation in Surrey.

Yes, sole proprietors in Surrey must register their business name if it’s different from their legal name. WIO Accounting can register your sole proprietorship hassle-free.

Yes, you can register your business name online via BC’s Business Registry. Or let WIO Accounting in Surrey handle your online business name registration with ease.

Capital gains in Canada are taxed on 50% of the profit. That amount is added to your taxable income and taxed at your marginal tax rate.

Federal income tax rates in Canada range from 15% to 33%, based on income brackets. This is separate from provincial tax, which adds to your total tax bill.

A non-refundable tax credit reduces your federal or provincial tax owing but does not generate a refund. It only lowers the amount of tax you must pay.

The general deadline to file personal tax returns in Canada is April 30 each year. If self-employed, the deadline is June 15, but payment is still due April 30.

Essential documents include T4 slips, RRSP contributions, medical expenses, tuition receipts, investment income (T5/T3), and last year’s return. Self-employed also need business income/expenses.

Federal non-refundable tax credits include amounts for basic personal, age, disability, tuition, and CPP/EI contributions. They reduce taxes owed but don’t trigger refunds.

There is no age requirement. Anyone with income, even minors, may need to file a tax return—especially if they owe tax or want to claim refunds or benefits.

Investment Tax Credit (ITC) allows eligible businesses or individuals to claim a percentage of qualifying capital investments, like equipment or clean energy projects, to reduce taxes.

Non-refundable tax credits lower the amount of tax owed but do not result in a refund. Common examples include the basic personal amount and tuition credits.

Capital gains tax is applied when you sell an asset like real estate or stocks for more than you paid. In Canada, 50% of the gain is taxable.

The last date for most individuals to file taxes is April 30. If you or your spouse is self-employed, you have until June 15, but still pay by April 30.

Only 50% of capital gains are taxable. The actual tax rate depends on your total income bracket, typically between 15% and 33% federally, plus provincial tax.

Generally, yes—bookkeepers tend to have lower hourly rates than accountants because they focus on data entry and reconciliation, while accountants provide advanced analysis and tax strategies. WIO Accounting offers combined packages for Surrey, Abbotsford, and Langley clients, so you get the cost savings of a bookkeeper with the insight of an accountant.

Bookkeepers handle day-to-day financial records, like invoices, expenses, and bank reconciliations, while accountants focus on tax planning, compliance, and strategic financial advice. At WIO Accounting, we offer both services under one roof—so businesses in Surrey, Chilliwack, and Coquitlam get complete financial support.

The cost of tax preparation in Surrey depends on the complexity of your return:

  • Personal tax returns: $100–$250

  • Small business returns: $250–$500+

  • Corporate tax filings: $500–$1,500+

At Wio Accounting, we offer transparent, fixed-rate pricing for personal, small business, and corporate tax services. Our Surrey tax accountants also provide tax planning to minimize liabilities.

Our Surrey accounting firm offers:

  • Bookkeeping services (monthly, quarterly, yearly)

  • Payroll processing for employees & contractors

  • GST/HST filing for small businesses

  • Personal and corporate tax preparation

  • CRA account support & audits

  • Business registration & incorporation services

Whether you’re an individual needing personal tax accountant services near me or a business owner looking for accounting firms in Surrey, BC, Wio Accounting delivers reliable, professional results.

Yes. Our bookkeeping services in Surrey are designed for small businesses, self-employed professionals, and startups. We handle:

  • Income & expense tracking

  • Bank reconciliations

  • GST/PST reports

  • Payroll management

We work with industries like construction, real estate, e-commerce, restaurants, and professional services. Many clients choose Wio Accounting as their bookkeeper near me because we combine affordability with CPA-level oversight.

Yes. Wio Accounting offers secure, cloud-based bookkeeping services for clients in Surrey and across Canada. Using platforms like QuickBooks Online and Xero, we provide real-time reporting and document sharing, making it easy for business owners to stay on top of finances without in-person meetings.

  • Bookkeeper: Records daily transactions, reconciles bank statements, prepares financial reports.

  • Tax accountant: Analyzes your financial data to prepare and file taxes, identify deductions, and ensure compliance with CRA regulations.

At Wio Accounting in Surrey, you get both services in one place, ensuring accurate records and optimal tax outcomes.

Yes. Our federal business incorporation services in Surrey include:

  • Name search & NUANS report

  • Federal corporation registration with Corporations Canada

  • CRA Business Number setup

  • GST/HST and payroll account registration

We handle both federal and provincial business registrations, ensuring your company is legally set up from day one.

Trusted Accounting Services in Surrey and the Lower Mainland

We’re a local accounting firm with years of experience helping businesses and individuals navigate their financial challenges with clarity and confidence.