Accountant in Fredericton, New Brunswick | Tax, Bookkeeping & Payroll Services

Fredericton is the capital of New Brunswick with a substantial provincial government, university, and growing technology economy. BOMCAS Canada serves Fredericton businesses and individuals.

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Fredericton — NB's capital and tech centre

Fredericton hosts the New Brunswick government, the University of New Brunswick, and a growing technology cluster anchored by IBM, Mariner Partners, and many growth-stage companies.

Industries we serve

  • Provincial government contractors.
  • Technology and IT.
  • Professional corporations.

Services available to Fredericton clients

Personal Income Tax (T1)

Accurate, optimized T1 personal tax returns for Canadian individuals, self-employed professionals, and families.

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Corporate Income Tax (T2)

Complete T2 corporate tax returns for Canadian-controlled private corporations, professional corporations, and holding companies.

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GST / HST Returns

Accurate GST and HST return preparation, registration, and CRA compliance for Canadian businesses of every size.

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Bookkeeping Services

Accurate, organized bookkeeping for Canadian small businesses, with GST/HST tracking, reconciliations, and management reports.

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Payroll Services

Canadian payroll processing, source deductions, CRA remittances, T4/T4A slips, ROEs, and provincial WCB compliance.

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Small Business Accounting

Complete small business accounting: monthly bookkeeping, GST/HST, payroll, financial statements, and corporate tax.

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How New Brunswick's tax structure affects Fredericton businesses and residents

New Brunswick uses the Harmonized Sales Tax (HST) at 15% (combining the 5% federal GST with a 10% provincial portion), administered entirely by the Canada Revenue Agency. Fredericton businesses register once with CRA for combined GST/HST collection.

For incorporated Fredericton businesses, New Brunswick's general corporate income tax rate is 14% and the small business rate is 2.5% on the first $500,000 of active business income. Combined with federal rates, Fredericton CCPCs pay 11.5% on small business income and 29% on general business income. NB uses the federal Tax Collection Agreement.

For individuals, NB uses progressive provincial brackets with the top combined federal-provincial marginal rate near 53% at the highest bracket.

New Brunswick's bilingual compliance environment

New Brunswick is the only officially bilingual province in Canada. Fredericton businesses serving the public must consider both English and French communication where applicable. Government tax communications, certain regulatory filings, and signage on public property follow the Official Languages Act of New Brunswick. For most tax compliance purposes, federal and provincial returns are available in both languages.

WorkSafeNB for Fredericton employers

WorkSafeNB administers the provincial workers' compensation program. Most Fredericton employers must register and remit annual premiums based on industry classification. Construction, trucking, fishing, and forestry carry significantly higher rates. We handle WorkSafeNB registration and remittance for Fredericton employer clients.

New Brunswick-specific tax incentives for Fredericton clients

  • Small Business Investor Tax Credit. Provincial credit for investors in qualifying NB small businesses.
  • Research and Development Tax Credit. Provincial R&D credit on top of federal SR&ED.
  • Film Production Tax Credit. Labour-based credit for NB film production.
  • Multimedia Initiative. For qualifying digital media projects.
  • Atlantic Investment Tax Credit (AITC). Federal credit for qualifying property used in NB and other Atlantic provinces.

Atlantic Canada considerations for Fredericton clients

Fredericton businesses operating across Atlantic Canada (NB, NS, PEI, NL) benefit from HST harmonization (15% across all four provinces) but face provincial overlays specific to each. Fredericton businesses with employees or operations in multiple Atlantic provinces should review workers' compensation registrations, provincial corporate tax allocations, and inter-provincial GST/HST allocations annually.

Year-end tax planning specific to Fredericton

Year-end planning for Fredericton businesses focuses on: maximizing the federal Atlantic Investment Tax Credit on qualifying property; review of any NB-specific R&D, film, or multimedia credits accumulated during the year; bilingual compliance for any cross-Canada operations; multi-province sales tax review for Fredericton businesses selling into PST/QST provinces; and standard Canadian year-end items including RRSP, TFSA, and salary-vs-dividend optimization.

Canadian tax compliance calendar that applies to Fredericton 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 Fredericton 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 Fredericton clients

Canadian taxpayers commonly receive several types of CRA contact each year. Knowing what each one means helps Fredericton 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 Fredericton 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 Fredericton clients ask

Can I deduct my home office expenses?
Yes, if part of your home is used regularly and exclusively as a place of business OR is used on a regular and continuous basis for meeting clients, customers, or patients. The deductible portion is based on the square footage used for business divided by total square footage of the home. Expenses include heat, electricity, internet, home insurance, property tax (owners), rent (tenants), and maintenance. We optimize this calculation annually.
Can I deduct vehicle expenses?
Yes, based on business-use percentage supported by a contemporaneous kilometre log. Allowable expenses include fuel, insurance, registration, maintenance, repairs, lease payments (subject to CRA limits), interest on a vehicle loan (subject to CRA limits), and CCA on owned vehicles. The CRA limits for passenger vehicles cap the deductibility of luxury vehicles.
Do I have to pay tax instalments?
If you owed more than $3,000 of federal and provincial tax in either of the two preceding years ($1,800 for Quebec residents), CRA requires quarterly tax instalments due March 15, June 15, September 15, and December 15. We calculate the optimal instalment amount using the no-calculation, prior-year, or current-year method.
What is the difference between Canada Pension Plan (CPP) for self-employed vs employees?
Self-employed Canadians pay both the employee and employer portions of CPP — double the rate paid by employees. The combined cost can exceed $7,000 per year at the maximum pensionable earnings level. The contributions build retirement and disability benefit entitlement. We model the cost-benefit during incorporation decisions.
Should I incorporate my business?
Incorporation generally makes financial sense for businesses earning more than approximately $80,000 net annual income where the owner can retain meaningful earnings inside the corporation. The combined federal-provincial small business rate of 9%–12.2% (depending on province) creates substantial tax deferral compared to top personal marginal rates of 47%–53%. Personal Services Business (PSB) risk must be analyzed carefully before incorporation.
What records do I have to keep, and for how long?
CRA requires that you keep all books, records, and supporting documents for six years from the end of the last tax year they relate to. For corporations, the same rule applies. Records can be kept electronically. For certain items (acquisition of capital property, real estate, share transactions), longer retention is required.
What is the difference between current and capital expenses?
Current expenses are fully deductible in the year incurred — they restore the property to its existing state or relate to ordinary operations. Capital expenses are added to the asset's adjusted cost base and depreciated over multiple years through capital cost allowance (CCA). The distinction matters significantly for rental property, equipment, and renovations. We classify expenses correctly to avoid CRA reassessment.

Why working with BOMCAS Canada makes sense for Fredericton

Fredericton 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 Fredericton 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

Oromocto Aroostook Champdoré Richibucto Upper Miramichi Woodstock Grand-Bouctouche Gagetown Petit-Rocher Eastern Charlotte Hartland Sainte-Marie-Saint-Raphaël All New Brunswick locations →

Talk to a Canadian accountant serving Fredericton

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

Call 780-667-5250 Request Consultation