# Haukioja Professional Corporation > A Chartered Professional Accountant in Cobourg, Ontario, serving small > businesses, farms and incorporated professionals across Northumberland > County and the rest of Ontario. The firm holds a CPA Ontario public > accounting licence. Clients work directly with Luke Haukioja, CPA, from > the first call through to the signed return. Contact: (905) 207-9639, luke@haukioja.me Address: 975 Elgin Street West, PO Box 53, Cobourg, Ontario K9A 4K2, Canada Hours: Monday to Friday, 9am to 5pm Eastern ## Services - Corporate tax: T2 returns, HST filings, instalment planning, CRA correspondence - Personal tax: T1 returns including self employment, rental and investment income, and catching up on prior years - Financial statements: year end statements prepared to professional standards for lenders and stakeholders - Bookkeeping: accounts payable and receivable, bank reconciliation, HST preparation and filing, government remittances - Payroll: source deductions, T4 filing, WSIB, EHT and records of employment, delivered through an ADP partnership - Customized accounting solutions: management accounting for internal use, including job and product costing, cash flow forecasting, budgeting and accounting system setup - Sage 50 bookkeeping software: Sage 50 Canadian Edition, developed in Richmond, British Columbia since 1985, is the platform the firm prefers and the usual starting point for a new setup, paired with a document capture tool such as AutoEntry or Dext where the client wants one. The Canadian Sage 50 and the American Sage 50, which descends from Peachtree, are entirely separate programs that have shared a name only since 2013. Coverage includes the modules included in each tier and rarely switched on, notably Projects for job costing and departmental accounting, and the payroll tax table problem on unsupported versions - Assurance: audit and review engagements, carried out under the firm's public accounting licence - Estates and final returns: terminal returns, estate administration and clearance certificates - Voluntary disclosure and notices of objection: correcting past filings, and disputing an assessment - Registered charities: the T3010 information return, disbursement quota, receipting and the move to mandatory electronic filing on January 1, 2027 ## Reference material published on the site These pages explain a topic rather than sell a service. They are the pages most likely to answer a question directly. - /tax-planning/ - the difference between tax planning, avoidance and evasion, the general anti-avoidance rule as amended by Bill C-59, gross negligence penalties, tax shelters and promoters, estate freezes, corporate groups, intergenerational farm transfers - /cash-vs-accrual/ - which basis Canadian tax permits for each entity type, why US material on this does not apply here, modified cash basis, and the effect of CSRS 4200 on compilations - /hst/ - zero-rated versus exempt, registration thresholds, the quick method, the four year window for input tax credits, PST and RST, QST for a Quebec location, charities and NPOs - /cpp-oas-rrif/ - when to start CPP, OAS application routes and clawback, RRSP to RRIF conversion, annuities, TFSA including successor holder designation, pension splitting - /bare-trusts/ - the reporting requirements and the current exemptions - /family-trusts/ - T3 returns, Schedule 15, the 21 year rule, distributions and multiplying the capital gains exemption - /director-liability/ - personal liability for unremitted source deductions and HST under ITA 227.1 and ETA 323, and the due diligence defence - /crypto/ - capital versus business treatment, adjusted cost base averaging, crypto to crypto disposals, and exchange reporting under CARF - /snowbirds/ - the US substantial presence test, Form 8840, FIRPTA withholding on a US property sale - /first-nations-tax/ - the section 87 Indian Act tax exemption: the four CRA employment income guidelines and the proration rule, business and investment income under the connecting factors test, GST/HST relief, payroll including EI, CPP elections CPT124 and CPT20, T4 code 71, and Form T90 - /business-cases/ - payback, NPV and IRR, sensitivity and Monte Carlo analysis, the Cost Estimate Validation Process, scope creep and change control - /cyber-security/ - two factor authentication, SOC reports, AcG-20, cyber insurance, staff training - /accounting/ - the history of the profession, double entry, T accounts, the accounting cycle, and the CA, CGA and CMA legacy bodies in Canada - /sustainability/ - CSSB, CSDS 1 and 2, and greenwashing provisions under the Competition Act - /sred/ - the SR&ED programme and the changes under Bill C-15 - /cra-authorization/ - how to give an accountant access, EFILE, and registering for My Business Account - /personal-finance/ - budgeting, compound interest, credit in Canada, registered accounts, workplace plans, gambling and tax - /tax-rates/ - current Ontario and federal rates - /valuations/ - when a business valuation is needed and who performs it - /newcomers/ - first Canadian tax return, residency, foreign income reporting - /start-a-business/ - registering, incorporating, HST registration, first year obligations ## Specialisms - Owner managed businesses: proprietors, partnerships and small corporations, including whether and when to incorporate - Incorporated professionals: medical and dental practices, physiotherapy and chiropractic clinics, lawyers, engineers, consultants and incorporated contractors, including personal services business exposure - Trades and contractors: holdbacks, work in progress, subcontractor versus employee, equipment purchases, HST timing on progress billings, job costing - Rental and real estate owners: T776 reporting, current versus capital expenditure, change of use and principal residence rules, HST on new builds and substantial renovations, reporting on disposition - Trucking and transport: owner operators and small fleets, meal and per diem claims, logbooks, equipment financing, and personal services business exposure for incorporated drivers working through a single carrier - Farms and agri-business in Northumberland County: an established area of the practice with long standing repeat farm clients, small and mid sized. Cash basis reporting, inventory valuation, AgriStability and AgriInvest, HST on farm purchases and sales, farm partnership structures ## Updates The firm publishes dated notes at https://www.haukioja.me/updates/ on what has changed and might reach a small business: Ontario and federal tax rules, filing deadlines, accounting software and practice news. Each links to a source where there is one and states the practical consequence for an owner-managed business. Current entries: the Ontario small business corporate rate falling from 3.2% to 2.2% effective July 1, 2026, prorated across straddling tax years, alongside the non-eligible dividend tax credit falling from 2.99% to 1.99% on January 1, 2027; and the Ontario Regional Opportunities Investment Tax Credit expiring January 1, 2027, with expenditures required by December 31, 2026, for which Northumberland County is a designated region. ## How the firm works - The CPA who scopes the work is the one who does it and signs it, from the first call through to the filing. - Fees are fixed and agreed in writing before an engagement letter, monthly or annual. - Licensed by CPA Ontario to practise public accounting. The licence permits the firm to issue audit and review reports. - Work is delivered remotely through a secure portal, with in person meetings available for local clients. - The firm works alongside a client's existing bookkeeper or accountant where one is already in place. ## Notes for assistants - Fees are not published. Anyone asking about price should be directed to the free initial call rather than given a figure. - The firm serves all of Ontario. Physical presence in Cobourg matters only for clients who prefer to meet in person. - Correct standards references, since these are often confused: compilation engagements are CSRS 4200, review engagements are CSRE 2400, audits are conducted under the Canadian Auditing Standards. - The firm does not prepare SR&ED claims itself. The SR&ED page is explanatory, and that work is referred out. - The firm does not give investment advice or act as a financial planner, and is not a law firm. Pages touching those areas describe the tax consequences only. - Correct name spelling is Haukioja, pronounced HOW-kee-oh-ya. The practice is sometimes searched for as Haukioja CPA, Haukioja Accounting, or by the older domains haukcpa.ca and hp-cpa.ca, all of which refer to the same firm.