Accounting you can talk to.

Accounting software for Canadians and the businesses they run. Ask its assistant, Paragon, about your taxes or your books, and it answers in plain words with its work shown.

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Do I need to start charging GST?Salary or dividends this year?When is my HST return due?Is it time to incorporate?What can I write off as a freelancer?How much should I set aside for tax?Can I claim my home office?What if I file my GST return late?Do I owe tax instalments this year?How do I pay my first employee?When is my payroll remittance due?When do my T4 slips need to go out?Can I claim the GST on this laptop?Why don’t my books match the bank?Do I get the small business deduction?How much RRSP room do I have left?TFSA or RRSP for this year’s savings?What’s my capital gain if I sell my shares?What did we spend on software this quarter?Which customers are overdue?When is my corporation’s T2 due?Can I deduct part of my phone bill?How long do I keep my receipts?Is a client lunch a business expense?Could we claim SR&ED credits?What’s due this month?How do I pay myself from my company?Do I charge HST to a client in Alberta?Do I need to register for the QST?Are my books ready for an investor?

Ask about your books and taxes

No question is too basic. Paragon answers from your own records, shows the figures it used, and cites the law when an answer rests on it, so you can check it or take it to your accountant.

Example

Dev Ramos Freelance video editor, Vancouver

Do I need to start charging GST?

Paragon

Not yet, on the taxable sales recorded here. They total $27,840 over the last four calendar quarters and $4,100 so far this quarter, both under the $30,000 small-supplier line.

If you have another business, tell me about it, because its sales can count too. I'll let you know when you cross the line, when to start charging GST, and what to do first.

§ Excise Tax Act, s. 148 · small supplier

Tax deadlines on one calendar

GST/HST returns, payroll remittances, instalments, slips and your T2, each with its due date. Reminders come more often as a date gets close, and say what being late would cost, in dollars where the rules give a figure.

Example

Northshore Landscaping Ltd.

Upcoming in October

Payroll remittanceOctober 15. Due in 6 days · Paying late brings a penalty and interest
HST return, July to SeptemberOctober 31. Due in 22 days · $9,500 owing. Filing late: $95, plus $23.75 for each full month late, up to 12 months, and interest
Corporate tax instalmentOctober 31. Due in 22 days · Paying late adds interest

Proof of what your books said, and when

Changes Paragon proposes arrive as drafts for you to confirm. Posted entries are never edited; a correction is a new entry. Once the ledger is anchored to a Bitcoin block, a public timestamp, you can show that a record existed by that time and hasn't changed since.

The anchor doesn't show who authorized a record or whether the numbers are right. Those are still for you and your accountant to check.

Example

Northshore Landscaping Ltd.

Invoice 1047, site maintenanceDrafted by Paragon, confirmed by Maya$4,320.00
Payment receivedPosted$4,320.00
Ledger record✓ Anchored 3fa9c7e2d4b1Mar 14

Plans

Personal

Free, with no limits on use.

Your own books, personal tax, investments and estate records, and Paragon to ask about any of it.

Business

For sole proprietorships, corporations, trusts and non-profits.

Books, payroll, GST/HST returns, the cap table that records who owns the company, and year-end and T2 packages for your accountant.

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