Fabi Professional Services

09/30/2026

03/04/2025

What is a tax refund?
Tax Refund is Not a Benefit! A tax refund isn’t free money—it’s simply the government returning what you overpaid in taxes throughout the year.
This overpayment can occur due to several reasons, including:
✅ Excess Tax Withholding – Your employer deducts more tax from your paycheck than necessary.
✅ Eligible Deductions & Credits – You claim deductions (e.g., RRSP contributions, medical expenses) or tax credits (e.g., tuition, childcare) that reduce your taxable income.
✅ Overpaid Installments – If you're self-employed or pay tax in installments, you may have sent more than required.

While a refund feels like a bonus, it actually means you gave the government an interest-free loan. Proper tax planning can help you keep more of your money throughout the year instead of waiting for a refund! Email [email protected] or call 306.203.0143

Send a message to learn more

02/28/2025

Is RRSP Right for You?

March 3, 2025, is the deadline for 2024 RRSP contributions, but RRSPs aren’t for everyone. If you expect a higher income in the future, saving contribution room for later may be smarter. If you're in a lower tax bracket, a TFSA might be a better option for tax-free growth. Need guidance? We can help you make the right choice!

[email protected]
(306)203-0143
Contact us today!

Send a message to learn more

02/27/2025

Meet the team behind your tax returns!
As a husband-and-wife duo, we are committed to making tax season stress-free for you. With our expertise, we ensure accurate filings, maximize your refund, and help you stay compliant. Let us handle the numbers while you focus on what matters most!

Email [email protected] ; Call, or Text 306.203.0143 to get started!

02/27/2025

When an individual has multiple T4 slips from different employers, they may end up with a tax owing balance for several reasons:

Insufficient Tax Withholding – Each employer deducts taxes based on the assumption that the income earned from them is the individual's only income. They may not account for additional income from other jobs, leading to under-withholding of taxes overall.

Higher Tax Bracket – Income from multiple jobs is combined when filing a tax return. If the total income pushes the individual into a higher tax bracket, they may owe additional taxes because the withholdings from each job were calculated at a lower rate.

Loss of Tax Credits – Some tax credits, such as the Basic Personal Amount, are automatically applied by an employer when deducting taxes. If multiple employers apply this credit, the total tax deducted may be too low, resulting in a balance owing at tax time.

CPP and EI Contributions – If an individual works multiple jobs, each employer withholds Canada Pension Plan (CPP) and Employment Insurance (EI) contributions separately. If excess amounts are deducted, EI overpayments are refunded, but CPP underpayments could lead to additional amounts owing.

To avoid tax owing, individuals with multiple T4s can request additional tax deductions from their employers using Form TD1 or make voluntary tax payments throughout the year.

Send a message to learn more

02/16/2025

https://www.facebook.com/share/p/182A8orFaL/

🌹 Fall in Love with Our Upcoming Pop-Up Wedding! 💍

Dreaming of a beautiful wedding without the stress? We’ve got you covered!

Join us for an upcoming Pop-Up wedding experience where we take care of everything, so you can focus on celebrating your love! 💖

What's Included:
✨ Venue
✨ Photographer
✨ Setup & Backdrop
✨ Officiant/Commissioner
✨ Event Planner & On-the-Day Coordinator

Let us make your special day effortless and unforgettable.

Reserve your spot for our next Pop-Up Wedding!

01/12/2025

Take a break and immerse yourself in the cozy tradition of Fika, a cherished Swedish ritual of enjoying coffee and pastries while connecting with friends, family, or colleagues.

This insightful BBC video beautifully captures the essence of slowing down, savoring the moment, and prioritizing meaningful interactions—something we all could use more of in our busy lives.

Watch and be inspired to bring a little Fika into your day!

In Sweden, a coffee break is more than just a quick hit of caffeine.Known as a ‘fika’, the Swedish coffee break is a longstanding tradition – a time to slow ...

12/14/2024

🌟 Life Changes? Don’t Forget About These Tax Benefits! 🌟

Life happens—and your taxes should reflect it! Here are 5 life events that could qualify you for special credits or deductions:

1️⃣ Got Married? 💍 – Combining incomes may open up new tax benefits like spousal credits or income splitting opportunities.

2️⃣ Welcomed a Baby? 👶 – You could claim child care expenses, Canada Child Benefit (CCB), and more!

3️⃣ Bought Your First Home? 🏠 – Take advantage of the First-Time Home Buyer’s Tax Credit and possibly withdraw from your RRSP for your down payment tax-free!

4️⃣ Retired? 🎉 – Pension splitting and age credits can help reduce your taxable income in retirement.

5️⃣ Started a Side Hustle? 💼 – Claim business expenses like equipment, home office, or even your internet bills!

✨ Pro Tip: Tax laws change along with your life. Stay ahead by consulting a professional (that’s me!) to ensure you’re getting every credit you deserve.

👉 Don’t wait until tax season—reach out now to plan ahead! Hit LIKE 👍 and SHARE this post with someone whose life just got exciting.

💬 Questions? Let’s talk! Comment below or DM me for a quick chat. 📩