Accountant in Lougheed, Alberta | Tax, Bookkeeping & Payroll

Lougheed — accounting, tax and bookkeeping for a Alberta village

Lougheed is a village in Alberta. Residents, farmers, tradespeople, and small businesses in Lougheed can access full-service Canadian accounting and tax expertise virtually through BOMCAS Canada, including all CRA filings and provincial compliance.

BOMCAS Canada is headquartered in Edmonton, Alberta and delivers professional Canadian accounting, tax, bookkeeping, and payroll services virtually to clients across every Canadian province and territory — including Lougheed. Through our encrypted client portal, video meetings, and direct CRA representation under your written authorization, we serve Lougheed clients with the same complete service we deliver to clients in Toronto, Calgary, or Vancouver. There is no need to drive to a major centre to access specialized Canadian tax expertise.

Alberta tax framework that applies to Lougheed clients

Lougheed is in Alberta, and Alberta businesses and residents operate under a specific Canadian tax framework:

• Sales tax: 5% GST only (no provincial sales tax)
• Small business corporate rate: 11% (9% federal + 2% Alberta) on the first $500,000 of active business income for Canadian-controlled private corporations
• General corporate rate: 23%
• Tax administration: the Canada Revenue Agency for federal taxes and Alberta Treasury Board and Finance for the separate AT1 corporate return
• Workers' compensation: WCB Alberta

Alberta has no provincial sales tax, the lowest general corporate rate in Canada at 8%, and a 2% small business rate. We handle the complete federal and Alberta-specific compliance for our Lougheed clients.

Services we provide to clients in Lougheed

• Personal Income Tax (T1) for employees, self-employed, retirees, and investors
• Corporate Income Tax (T2) for Canadian-controlled private corporations
• GST/HST returns registration, returns, and CRA compliance
• Monthly cloud bookkeeping (QuickBooks Online, Xero, Sage)
• Canadian payroll including source deductions, T4/T4A, and ROEs
• Small business accounting all-in-one monthly engagements
• Business incorporation federal (CBCA) or provincial
• CRA audit support for review letters, audits, and Notices of Objection
• Proactive tax planning for owner-managers, professionals, and investors

How Lougheed clients work with BOMCAS Canada

The virtual service model is straightforward:

1. Initial conversation. Call 780-667-5250 or submit the contact form. We respond within one business day to schedule a 15–30 minute discovery call by phone or video.
2. Engagement letter. A written, fixed-fee engagement letter outlines exactly what is in scope and what you will pay. No hourly surprises.
3. CRA authorization. You e-sign RC59 (business) or AUT-01 (individual) to authorize BOMCAS Canada to communicate with CRA on your behalf. From that point we handle all routine CRA contact.
4. Secure document portal. You upload your documents to an encrypted client portal with multi-factor authentication. No emailing of sensitive financial documents.
5. Ongoing delivery. Monthly bookkeeping, sales tax filings, payroll, and year-end financial statements plus T2 corporate tax are delivered on a predictable schedule. We respond to questions and CRA correspondence year-round.

Frequently asked questions from Lougheed clients

How Alberta's tax structure affects Lougheed businesses and residents

Alberta operates the most business-friendly tax environment among Canadian provinces, and Lougheed businesses benefit directly. The province levies no provincial sales tax — only the 5% federal Goods and Services Tax (GST) applies. This means a Lougheed retailer or service business charging an Alberta customer collects only 5% GST, compared to 13% HST in Ontario or 15% HST in the Atlantic provinces. The administrative simplicity is meaningful: no separate provincial registration, no PST returns, no provincial sales tax audits.

For incorporated businesses in Lougheed, the Alberta corporate income tax rate is 8% on general business income and 2% on the first $500,000 of active business income earned by a Canadian-controlled private corporation. Combined with the federal small business deduction (9% federal rate), a Lougheed CCPC pays just 11% combined on the first $500,000 of qualifying income. This is the same rate as Manitoba and Yukon, and the lowest combined small business rate in Canada. The general combined rate (above the small business threshold or for non-CCPC corporations) is 23%, compared to 26.5% in Ontario and Quebec.

Alberta did not enter the Tax Collection Agreement with the federal government for corporate income tax. This means Lougheed corporations must file two corporate returns each year: the federal T2 with the Canada Revenue Agency (CRA) and the separate AT1 with Alberta Treasury Board and Finance. The AT1 has the same fiscal year as the T2 but is its own filing with its own deadlines. We prepare both as part of a single integrated corporate tax engagement.

Workers' Compensation Board (WCB Alberta) for Lougheed employers

Most Lougheed employers must register with WCB Alberta and pay quarterly or annual premiums based on industry classification and total assessable earnings. Industry classification has a major impact on premium rates — construction trades, trucking, and oilfield services carry premium rates several times higher than office-based industries. We handle WCB Alberta registration and remittance for our Lougheed employer clients and review classification annually to ensure premiums reflect actual operations.

Alberta-specific tax filings Lougheed clients should know about

• Alberta Tourism Levy. Lougheed hotels, motels, bed-and-breakfast operators, and short-term accommodation providers collect a 4% Tourism Levy on most accommodation.
• Alberta Insurance Premium Tax. Applies to insurance brokers and insurers operating in Alberta.
• Alberta carbon levy considerations. Major emitters in Alberta interact with the federal carbon backstop framework.
• Alberta property tax assessment review. Available for Lougheed property owners disputing municipal property assessments.

Year-end tax planning for Lougheed clients

Year-end planning is one of the highest-leverage exercises in Canadian tax. For Lougheed businesses, we focus on: (1) accelerating capital purchases into the current year to use the Accelerated Investment Incentive enhanced first-year CCA; (2) timing year-end bonuses and discretionary expenses to manage taxable income against the small business deduction threshold; (3) reviewing the passive investment income grind on the small business deduction (each $1 of passive income above $50,000 reduces the small business limit by $5 until eliminated at $150,000); (4) optimizing owner-manager remuneration mix between salary and dividends based on actual current-year corporate and personal tax positions; (5) topping up RRSP, TFSA, and FHSA contributions before the relevant deadlines; (6) reviewing prior-year capital losses for use against current-year gains; and (7) coordinating any major life events (incorporation, sale, retirement) with the calendar year-end.

Canadian tax compliance calendar that applies to Lougheed clients

The Canadian tax compliance calendar is the same regardless of where you live in Canada, but several deadlines are commonly missed or misunderstood by Lougheed businesses and individuals:

• January 31. T4, T4A, and T5018 information returns due for the prior calendar year. Late filing penalties start at $100 and escalate quickly for larger employers.
• February 28. T5 investment income slips due for the prior calendar year.
• March 1 or March 2. RRSP, FHSA, and similar registered plan contribution deadline for the prior tax year (60 days into the new calendar year).
• March 31. T3 trust return deadline (90 days after the trust's calendar year end).
• April 30. T1 personal tax return deadline for most Canadians. Balance owing is due by this date regardless of whether the filing deadline is extended.
• June 15. T1 deadline for self-employed individuals and their spouses (although any balance owing is still due April 30).
• Six months after corporate year-end. T2 corporate income tax return filing deadline.
• Two or three months after corporate year-end. T2 balance owing payment deadline (three months for CCPCs claiming the small business deduction throughout the year and meeting the taxable income threshold; two months otherwise).
• Quarterly: March 15, June 15, September 15, December 15. Personal tax instalment due dates for taxpayers required to pay instalments.
• Monthly or quarterly. CRA source deduction remittances and GST/HST remittances based on the assigned filing frequency.

What happens when CRA contacts Lougheed clients

Canadian taxpayers commonly receive several types of CRA contact each year. Knowing what each one means helps Lougheed businesses and individuals respond appropriately:

• Notice of Assessment (NOA). Issued after CRA processes a return. The NOA states the assessed tax, refund or balance owing, and any adjustments CRA made. Review your NOA carefully against your filed return.
• Notice of Reassessment. Issued when CRA changes a previously assessed return. You have 90 days from the date of a Notice of Reassessment to file a Notice of Objection if you disagree.
• Pre-assessment review letter. A request for documentation about specific items on a return before CRA finalizes the assessment. Strict response deadlines.
• Post-assessment review letter. Same documentation request, but after the NOA has been issued. Strict response deadlines.
• Demand to file. A formal demand that you file a return that CRA believes is overdue. Failure to comply can lead to a Notional Assessment (CRA estimates your tax, almost always at a higher amount than actual).
• Audit notice. The most serious form of CRA contact. Audits can be desk audits (by mail) or field audits (CRA officer reviews books in person or virtually).
• Collections letter. Issued when there is an unpaid balance. CRA collections has significant powers including garnishment and asset seizure.

If you receive any form of CRA contact, contact us immediately. Do not call CRA back yourself and do not send documents without professional review.

How BOMCAS Canada handles CRA representation for Lougheed clients

With your signed authorization on file (RC59 for businesses or AUT-01 for individuals), BOMCAS Canada can communicate with CRA on your behalf. This means: CRA calls about your file route to us; we can access your CRA My Account or My Business Account information; we respond to review letters, audit requests, and collections matters; we file Notices of Objection within the 90-day deadline if needed; we represent you in CRA audits virtually; and we coordinate with tax counsel for Tax Court of Canada appeals where required.

Common Canadian tax questions Lougheed clients ask

Why working with BOMCAS Canada makes sense for Lougheed

Lougheed businesses and residents work with BOMCAS Canada for several reasons that may matter to you:

• Fixed-fee transparency. Most engagements are quoted as a fixed monthly fee or fixed per-project fee, signed in writing before any work begins. No surprise hourly invoices for routine work.
• One-business-day response standard. We staff to a one-business-day response standard for client emails and calls during normal business hours. No multi-day voicemail backlogs.
• Year-round support. Most clients have unlimited email and phone support included in the engagement, not just during tax season.
• Same accountant year over year. You are not transferred to a new junior every year. The same person who knows your file this year will still know it next year.
• Secure virtual delivery. Encrypted client portal, e-signature, multi-factor authentication, and direct CRA representation under your written authorization. PIPEDA-compliant. No driving to a CPA office.
• Canadian-only tax expertise. We do not do US-only tax, UK tax, or other foreign jurisdictions in isolation. Our cross-border work is always anchored by deep Canadian compliance. Every member of the team works exclusively on Canadian files.
• Industry depth. We have specialized experience across trucking, real estate, medical professionals, contractors, restaurants, e-commerce, farms, nonprofits, and other Canadian industries.

Getting started — what Lougheed clients can expect

A typical engagement with BOMCAS Canada begins with a phone call or contact form submission. We respond within one business day to schedule a 15–30 minute discovery conversation by phone or video. The discovery call covers your current tax situation, accounting history, prior accountant relationship (if any), pain points, and goals. There is no sales pitch and no obligation. If we are a fit, we provide a written engagement letter with a fixed fee and clear scope. If we are not a fit, we are happy to suggest other Canadian professionals who might be.

Once the engagement letter is signed, you e-sign the CRA authorization (RC59 for businesses or AUT-01 for individuals), and we onboard you to the encrypted client portal. From that point forward, the relationship is structured around predictable monthly deliverables: bookkeeping, sales tax filings, payroll, and year-end financial statements plus T2 corporate tax (for incorporated businesses) — with proactive tax planning conversations throughout the year.

Related locations in Alberta

Talk to a Canadian accountant for Lougheed

Call 780-667-5250 or submit the contact form. We respond within one business day.

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