On Track Accounting Solutions

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📚 | Accounting
✍🏾 | Biz Planning
👩🏾‍💻 | Fractional CFO
💼 | Biz Advisory Services
🗓️ | Book a complimentary exploratory call today!

[On Track Accounting Solutions @ontrackasinc]

OPC's 2026 Business Survey on AI use in Canadian businesses: https://t.co/gNYXgVLhwJ

[On Track Accounting Solutions @ontrackasinc]

Your team is using AI. Do you know what data they're feeding it? Canada's Privacy Commissioner: AI use among Canadian businesses jumped from 6% to 16% in 2 years — mostly research & drafting. The risk isn't the AI. It's not knowing whose account it is, or who reviews it first.

[On Track Accounting Solutions @ontrackasinc]

The Number: 14%. That is the new locked-in rate for the lowest federal tax bracket, down from 15%, under CRA is newly indexed 2026 brackets. The tax-free Basic Personal Amount is now $16,452. Owner-managers: revisit your salary/dividend split before year-end tax planning.

[On Track Accounting Solutions @ontrackasinc]

MAIN POST (no link): Government contracts are opening up. Are your books ready?
New rules just made it easier to bid on federal contracts. But they pay after delivery: net 30/60/90.
Fix: forecast the working capital gap before you bid, get CRA docs and books contract-ready now.

[On Track Accounting Solutions @ontrackasinc]

Also cited — QuickBooks Canada's July Small Business Index: https://t.co/QPhP02Zibj (34,000 small-business jobs lost in June, source for the tweet's headline stat)

[On Track Accounting Solutions @ontrackasinc]

𝗥𝗮𝘁𝗲𝘀 𝗵𝗲𝗹𝗱. 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗼𝗹𝗲𝗱 𝘁𝗼 𝟮.𝟴%. Sounds good. But small businesses lost 34K jobs in June -0.66%, and the BoC's own survey shows sales expectations weakening. Stable rates ≠ stable revenue. Rerun your cash-flow forecast on soft demand, not hope.

[On Track Accounting Solutions @ontrackasinc]

StatCan's June CPI release — https://t.co/P8w2pmeHGL

[On Track Accounting Solutions @ontrackasinc]

Full CPA Ontario transition guidance: https://t.co/gMN7TafQTt

[On Track Accounting Solutions @ontrackasinc]

𝗖𝗣𝗔 𝗢𝗻𝘁𝗮𝗿𝗶𝗼 𝗷𝘂𝘀𝘁 𝗹𝗼𝗰𝗸𝗲𝗱 𝗶𝗻 𝗵𝗮𝗿𝗱 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗱𝗮𝘁𝗲𝘀. Final fall CFE: Sept 2028. Deadline for current practical-experience requirements: Dec 2028. Candidates on staff? This is workforce planning, not a 2028 problem.

[On Track Accounting Solutions @ontrackasinc]

Sources — BRO access change: https://t.co/vLcjk4lSAn payroll tables: https://t.co/PcYkv2SeRQ

[On Track Accounting Solutions @ontrackasinc]

𝟮 CRA changes hit this month, not 1. One decides if you can log into BRO at all. One decides if your payroll math is right — B.C.'s rate just moved to 5.60%. Test your CRA sign-in today. Check your last payroll run against the new July tables. The software doesn't own either.

[On Track Accounting Solutions @ontrackasinc]

More on today's decision: https://t.co/VjQWwqrPZz

[On Track Accounting Solutions @ontrackasinc]

𝗔 𝟭𝟯-𝘄𝗲𝗲𝗸 𝗰𝗮𝘀𝗵-𝗳𝗹𝗼𝘄 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗶𝘀 𝗮 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝘁𝗼𝗼𝗹, 𝗻𝗼𝘁 𝗮 𝗰𝗿𝗶𝘀𝗶𝘀 𝘁𝗼𝗼𝗹. BoC held rates today, but it doesn't fix soft demand or weak investment. Build your cash flow now, not when a lender asks for one.

[On Track Accounting Solutions @ontrackasinc]

More from the Bank of Canada: https://t.co/VW8cW2AadK

[On Track Accounting Solutions @ontrackasinc]

𝗧𝗵𝗲 𝗺𝗶𝘀𝘁𝗮𝗸𝗲: assuming a steady rate means a steady quarter.
Bank of Canada expected to hold at 2.25% Wednesday — but June's job gains were mostly part-time, service-sector work.
𝗞𝗻𝗼𝘄 𝘆𝗼𝘂𝗿 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 under a weaker-sales scenario, before you need to.

[On Track Accounting Solutions @ontrackasinc]

CPA Canada confirmed the CPA Professional Program transitions in 2027 — merging legacy CA/CGA/CMA pathways.
Hiring accounting staff? Build this into your training timeline now.
More: https://t.co/JtlGQVedah
📬 Newsletter dropping this week.

[On Track Accounting Solutions @ontrackasinc]

PMI 47.1
A key survey just showed Canada's service sector shrinking for the first time in months (down from 50.6).
Translation: the "it feels slower lately" you can't quite explain? That's it.
Know your breakeven before you need it.
🔎 CTL: https://t.co/VxmzfF8C1W

[On Track Accounting Solutions @ontrackasinc]

@LSUTigerinAtl @cnnbrk Imagine someone expecting a criminal who was elected and is free to stop and arrest criminals...lololololololololol 🤔 😳 😐 😒 😂 🤣 🤔. Wouldn't he just pardon them or make them members of his cabinet??? 🤔 😳 😐 😒 😂 🤣 🤔