A bookkeeper keeps your books and routine filings current. An accountant prepares year-end statements and tax returns. Here is who does what in Canada.

Years behind on your books? How catch-up bookkeeping works step by step, how far back to go, CRA late-filing penalties and the Voluntary Disclosures Program.

What the shareholder loan account is, what goes into it, and how the CRA one-year rule and 3% prescribed interest rate apply in 2026.

A reconciled file and the right documents. Plus every CRA deadline, and the step most businesses skip: posting the accountant's adjusting entries.