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Financial clarity starts here.
Practical insights, real-world advice, and straight talk from the Castle team. Whether you're managing your own books or growing a business, we're here to help you stay organized, confident, and CRA-ready.
Terms of Service
Welcome to Castle! These terms of service outline the rules and regulations for the use of our bookkeeping services.
By accessing this website and using our services, you accept these terms and conditions in full. Do not continue to use Castle services if you do not accept all of the terms and conditions stated on this page.
Castle offers professional bookkeeping services including transaction categorization, reconciliations, financial reporting, GST/HST filing, and other related services as agreed upon with the client.
2. Billing and Payments
All services provided by Castle are billed on a recurring basis unless otherwise
agreed upon. Payments are due upon receipt of invoice. We accept payment via credit card, debit card, and electronic funds transfer.
3. Cancellation and Refund Policy
Clients may cancel services at any time by providing 30 days’ notice in writing or via email. Refunds for prepaid services will be prorated based on the remaining unused portion of the services.
4. Privacy Policy
Our privacy policy outlines how we collect, use, and protect your personal information. We do not sell or share your information with third parties without your consent, except as required by law.
5. Liability
Castle will perform all services with reasonable care and skill. However, we do not accept liability for losses resulting from acts of nature, third-party errors, or misuse of financial information or reports by the client.
6. Amendments
Castle reserves the right to amend these terms of service at any time. Amendments will be effective immediately upon posting on this website.
7. Contact Us
If you have any questions about this privacy policy or our privacy practices, please contact us at:
Castle
316 1st Ave NE
Phone: 587-872-0602
Email: info@bookwithcastle.com
Financial clarity starts here.
Practical insights, real-world advice, and straight talk from the Castle team. Whether you're managing your own books or growing a business, we're here to help you stay organized, confident, and CRA-ready.
GST/HST on Expenses: What You Can Recover and What You Can’t
November 30, 2025
• Registered businesses can recover GST/HST paid on qualifying expenses • Documentation must confirm the tax paid and business purpose • Certain categories like meals have limited recovery • Full ITCs on capital assets can significantly reduce out-of-pocket tax
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What Actually Counts as a Deductible Expense?
November 29, 2025
Business expenses must be both necessary for earning income and reasonable in cost. Most day-to-day operational costs can be deducted if they support the business and are properly documented. Key points: • Only the business-use portion of mixed personal items can be claimed • Capital assets are written off over time using CCA • Receipts and proof of payment are essential for CRA compliance Keep solid records and focus on expenses that clearly contribute to running or growing your business.
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The Big Audit Traps — 10 Expense Mistakes That Cost Canadian Business Owners Thousands
November 28, 2025
The biggest audit mistakes are: No mileage log Personal meals or travel claimed Expensing inventory immediately Not prorating mixed-use expenses Missing receipts Incorrect home office claims Deducting questionable clothing Personal use not accounted for Avoid these mistakes, and your expenses become powerful — not risky.
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Inventory & Cost of Goods Sold — The Rules Every Product-Based Business Must Know
November 27, 2025
Inventory Anything purchased to sell — treated as an asset until sold. COGS Opening inventory + purchases − closing inventory = deductible cost. To stay CRA-compliant Count year-end inventory Track cost per unit Record shrinkage or write-offs properly Avoid expensing inventory purchases immediately Accurate inventory = accurate profit = accurate taxes.
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Meals, Travel & Entertainment — What’s Deductible (and What Gets You Audited)
November 26, 2025
Meals — 50% deductible Only when meeting someone for a real business purpose. Document who & why. Travel — Deductible if the primary purpose is business Flights, hotels, transport, meals (50%). Prorate mixed trips. Entertainment — Sometimes deductible Must directly help earn revenue. Document everything. Without documentation — CRA denies the expense
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