YOUR BUSINESS ALLY
Big plans?
Keep your business on solid financial footing with Zenally's accounting, tax and advisory services
We'll support you and your business every single day, not just at tax time but every
step of the way.
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ZENALLY
Chartered Professional Accountants LLP
Serving Red Deer, Innisfail and Central Alberta
Latest News
Personal
Tax Checklist
New Review our personal income tax checklist to be sure you provide all the information required to file your personal taxes.
A Humoruos Look at Write-Offs
A write-off is like a magic eraser, reducing profit and tax.
People can have misconceptions about write-offs though, as demonstrated by Kramer and Sienfeld in this short, but hilarious video. (YouTube)
Prescribed Rate for 1st Quarter 2023
CRA has announced an increase in their prescribed rates by 1%. For January 1 to March 31, 2023 interest on tax owing is increasing to 8%
CPP Maximum Increases for 2023
- Maximum pensionable earnings increases to $66,600 from $64,900.
- CPP rate increases to 5.95% from 5.7%
- Total CPP on employee earnings greater than $66,600 is now $3,754.45 up from $3,499.80
- The maximum CPP for Self employed persons increases to $7,508.90 from $6,999.60. Self employed persons pay double this as they make both the employee and employer contributions.
TFSA Contribution Limit for 2023
The TFSA contribution limit for 2023 has increased to $6,500 for 2023.
If you have been eligible since 2009 the cumulative maximum contribution would be $88,000.
New Automobile Rates for 2023
Finance Canada just released the automobile rates for 2023. There is a small increase for Class 10.1 to $36,000 from $34,000. This restricts the depreciation of some new vehicle purchases in 2023. Call us to discuss if this limitation affects your vehicle purchase in 2023.
The tax exempt mileage allowance rates are up $0.07/km. New rates are here. Call us if you need clarification.
Accounting, Tax and Business Advisory
From our experienced teams in Red Deer and Innisfail
- Corporations
- Owner Managers
- Startups
- Farm Families
Help You Can Understand
We are easy to talk to.
Enjoy a conversation with us.
Expertise You Can Trust
Solid financial advice.
Support You Can Count On
You likely didn't start your business to become a bookkeeper.
Leave the number crunching to us.
Our Services
Accounting Services
Out of time?
Out of control?
We give you freedom to focus on the stuff that matters.
Farm Accounting
Agribusinesses have complex accounting and tax needs.
Let our experienced farm accountants help.
Tax Planning
Business is challenging.
Tax rules are complex.
Business Advisory
Are your best ideas locked up in your head?
Good strategy and planning gets your business firing on all cylinders.
Who Are We?
Experienced professionals who care about your success
We will support you as your business ally.
ZENALLY
Chartered Professional Accountants LLP
Send Us a Message
Payments
Please send eTransfers to
etransfer@zenally.cpa
Red Deer
516 Laura Avenue
Gasoline Alley
Red Deer County, AB
T4E 0A5
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Chartered Professional Accountants LLP
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DISCLAIMER: Any accounting, business, or tax advice contained on this website is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion.
If you are interested in talking more about any topic on our website or specifically how the information would likely impact you, we'd be happy to chat.